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REGISTERED NUMBER: 02276319 (England and Wales)














Financial Statements

for the Year Ended 31 December 2024

for

Heartland Contractors Ltd

Heartland Contractors Ltd (Registered number: 02276319)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heartland Contractors Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M J Dunnion
M P Dunnion





SECRETARY: M J Dunnion





REGISTERED OFFICE: The Old Farm House
Lady Lane
Solihull
West Midlands
B90 1RE





REGISTERED NUMBER: 02276319 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Heartland Contractors Ltd (Registered number: 02276319)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,727 47,248

CURRENT ASSETS
Debtors 5 107,421 91,227
Cash at bank 92,295 118,405
199,716 209,632
CREDITORS
Amounts falling due within one year 6 91,419 98,819
NET CURRENT ASSETS 108,297 110,813
TOTAL ASSETS LESS CURRENT LIABILITIES 159,024 158,061

PROVISIONS FOR LIABILITIES 10,813 9,824
NET ASSETS 148,211 148,237

CAPITAL AND RESERVES
Called up share capital 8 900 900
Retained earnings 147,311 147,337
SHAREHOLDERS' FUNDS 148,211 148,237

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

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

The directors acknowledge their 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.

Heartland Contractors Ltd (Registered number: 02276319)

Balance Sheet - continued
31 December 2024


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 by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:




M P Dunnion - Director



M J Dunnion - Director


Heartland Contractors Ltd (Registered number: 02276319)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Heartland Contractors Ltd 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.

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 represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at a fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included as amounts recoverable on contracts in the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Heartland Contractors Ltd (Registered number: 02276319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 57,999 4,716 99,697 8,966 171,378
Additions - - 16,990 999 17,989
Disposals - - (6,000 ) (4,022 ) (10,022 )
At 31 December 2024 57,999 4,716 110,687 5,943 179,345
DEPRECIATION
At 1 January 2024 32,082 4,123 81,516 6,409 124,130
Charge for year 3,888 59 8,065 488 12,500
Eliminated on disposal - - (4,607 ) (3,405 ) (8,012 )
At 31 December 2024 35,970 4,182 84,974 3,492 128,618
NET BOOK VALUE
At 31 December 2024 22,029 534 25,713 2,451 50,727
At 31 December 2023 25,917 593 18,181 2,557 47,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 59,379 58,550
Amounts recoverable on
contracts 43,082 30,170
Other debtors 657 92
Directors' current accounts 441 -
Prepayments 3,862 2,415
107,421 91,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 25,116 24,381
Taxation and social security 58,572 61,203
Other creditors 7,731 13,235
91,419 98,819

7. SECURED DEBTS

The bank has a debenture with a fixed and floating charge over the company and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures and plant and machinery.

Heartland Contractors Ltd (Registered number: 02276319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
900 Ordinary £1 900 900

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
M P Dunnion
Balance outstanding at start of year - -
Amounts advanced 250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 250 -

M J Dunnion
Balance outstanding at start of year - -
Amounts advanced 191 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 191 -