IRIS Accounts Production v24.3.2.46 09506615 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095066152023-03-31095066152024-03-31095066152023-04-012024-03-31095066152022-03-31095066152022-04-012023-03-31095066152023-03-3109506615ns15:EnglandWales2023-04-012024-03-3109506615ns14:PoundSterling2023-04-012024-03-3109506615ns10:Director12023-04-012024-03-3109506615ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109506615ns10:SmallEntities2023-04-012024-03-3109506615ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109506615ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109506615ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109506615ns10:FullAccounts2023-04-012024-03-310950661512023-04-012024-03-3109506615ns10:OrdinaryShareClass12023-04-012024-03-3109506615ns10:RegisteredOffice2023-04-012024-03-3109506615ns5:CurrentFinancialInstruments2024-03-3109506615ns5:CurrentFinancialInstruments2023-03-3109506615ns5:ShareCapital2024-03-3109506615ns5:ShareCapital2023-03-3109506615ns5:RetainedEarningsAccumulatedLosses2024-03-3109506615ns5:RetainedEarningsAccumulatedLosses2023-03-3109506615ns5:NetGoodwill2023-04-012024-03-3109506615ns5:ComputerEquipment2023-04-012024-03-3109506615ns5:NetGoodwill2023-03-3109506615ns5:NetGoodwill2024-03-3109506615ns5:NetGoodwill2023-03-3109506615ns5:ComputerEquipment2023-03-3109506615ns5:ComputerEquipment2024-03-3109506615ns5:ComputerEquipment2023-03-3109506615ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109506615ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3109506615ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 09506615 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

STEVEN HEARD ASSOCIATES LIMITED

STEVEN HEARD ASSOCIATES LIMITED (REGISTERED NUMBER: 09506615)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STEVEN HEARD ASSOCIATES LIMITED

Company Information
for the year ended 31 March 2024







Director: Mr S R Heard





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 09506615 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

STEVEN HEARD ASSOCIATES LIMITED (REGISTERED NUMBER: 09506615)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
Current assets
Work in progress 1,000 5,750
Debtors 6 12,619 10,246
Cash at bank 15,237 5,965
28,856 21,961
Creditors
Amounts falling due within one year 7 20,535 14,533
Net current assets 8,321 7,428
Total assets less current liabilities 8,321 7,428

Capital and reserves
Called up share capital 8 100 100
Retained earnings 8,221 7,328
Shareholders' funds 8,321 7,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 14 March 2025 and were signed by:





Mr S R Heard - Director


STEVEN HEARD ASSOCIATES LIMITED (REGISTERED NUMBER: 09506615)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Steven Heard Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Work in progress
Work in progress is valued at the contract price of the percentage of the contracts completed at the balance sheet date.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

STEVEN HEARD ASSOCIATES LIMITED (REGISTERED NUMBER: 09506615)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 10,000
Amortisation
At 1 April 2023
and 31 March 2024 10,000
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 April 2023
and 31 March 2024 333
Depreciation
At 1 April 2023
and 31 March 2024 333
Net book value
At 31 March 2024 -
At 31 March 2023 -

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,098 2,424
Directors' loan accounts 11,521 7,822
12,619 10,246

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 2,880 3,090
Tax 12,837 6,853
VAT 1,897 1,670
Accrued expenses 2,921 2,920
20,535 14,533

STEVEN HEARD ASSOCIATES LIMITED (REGISTERED NUMBER: 09506615)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100