Company registration number 05186594 (England and Wales)
HERONHURST WINDOW & DOOR CENTRE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HERONHURST WINDOW & DOOR CENTRE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HERONHURST WINDOW & DOOR CENTRE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
40,872
50,127
Current assets
Stocks
65,389
38,524
Debtors
4
16,658
19,637
Cash at bank and in hand
73,494
61,424
155,541
119,585
Creditors: amounts falling due within one year
5
(170,783)
(145,413)
Net current liabilities
(15,242)
(25,828)
Total assets less current liabilities
25,630
24,299
Creditors: amounts falling due after more than one year
6
(8,010)
(24,382)
Provisions for liabilities
(8,553)
(9,580)
Net assets/(liabilities)
9,067
(9,663)
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
8,067
(10,663)
Total equity
9,067
(9,663)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 March 2025 and are signed on its behalf by:
Ms E Stuckey
Director
Company Registration No. 05186594
HERONHURST WINDOW & DOOR CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Heronhurst Window & Door Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/o UHY Hacker Young, 23 Nevill Street, Abergavenny, Monmouthshire, United Kingdom, NP7 5AA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for goods provided. Turnover is recognised on a daily basis excluding VAT to the end of the financial year. Where goods are dispatched prior to the year end then turnover is recognised within that financial year.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings leasehold
Straight line over 10 years plus over the remaining lease life
Fixtures, fittings and equipment
20% reducing balance
Motor vehicles
20% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
HERONHURST WINDOW & DOOR CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.
Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the balance sheet date.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 5 (2023 - 6).
2024
2023
Number
Number
Total
5
6
HERONHURST WINDOW & DOOR CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Land and buildings leasehold
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
99,794
10,461
67,221
177,476
Additions
9,999
9,999
Disposals
(34,226)
(34,226)
At 31 December 2024
99,794
10,461
42,994
153,249
Depreciation and impairment
At 1 January 2024
77,200
6,855
43,294
127,349
Depreciation charged in the year
10,053
721
8,480
19,254
Eliminated in respect of disposals
(34,226)
(34,226)
At 31 December 2024
87,253
7,576
17,548
112,377
Carrying amount
At 31 December 2024
12,541
2,885
25,446
40,872
At 31 December 2023
22,594
3,606
23,927
50,127
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,841
7,658
Other debtors
10,817
11,979
16,658
19,637
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,122
10,122
Trade creditors
42,689
36,550
Corporation tax
7,609
3,207
Other taxation and social security
19,771
21,942
Other creditors
90,592
73,592
170,783
145,413
The secured debt included within creditors is hire purchase contacts of £6,250 (2023: £6,250), secured over the company's motor vehicles.
HERONHURST WINDOW & DOOR CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,885
15,007
Other creditors
3,125
9,375
8,010
24,382
The secured debt included within creditors is hire purchase contacts of £3,125 (2023: £9,375), secured over the company's motor vehicles.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
900
900
900
900
Ordinary B of £1 each
50
50
50
50
Ordinary C of £1 each
50
50
50
50
1,000
1,000
1,000
1,000
8
Parent company
The company's immediate parent company during the year was Heronhurst Holdings Limited, a company registered at 23 Nevill Street, Abergavenny, United Kingdom, NP7 5AA.
Heronhurst Holdings is ultimately controlled by Mr K Stuckey & Ms E Stuckey.