Registered number
09589141
Heptinstalls Limited
Filleted Accounts
31 August 2024
Heptinstalls Limited
Registered number: 09589141
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Stocks 52,485 67,620
Debtors 3 361,979 403,804
Cash at bank and in hand 9,231 13,728
423,695 485,152
Creditors: amounts falling due within one year 4 (292,910) (351,310)
Net current assets 130,785 133,842
Total assets less current liabilities 130,785 133,842
Creditors: amounts falling due after more than one year 5 (1,499) (3,499)
Net assets 129,286 130,343
Capital and reserves
Called up share capital 4 4
Profit and loss account 129,282 130,339
Shareholders' funds 129,286 130,343
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S O'Brien
Director
Approved by the board on 25 March 2025
Heptinstalls Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 3
3 Debtors 2024 2023
£ £
Other debtors 361,979 403,804
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,000 2,000
Trade creditors 620 7,333
Corporation tax - 623
Other taxation and social security costs - 2,347
Directors' loans 153,449 198,414
Other creditors 133,841 131,361
Accruals 3,000 9,232
292,910 351,310
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,499 3,499
6 Other information
Heptinstalls Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonhill Street
London
EC2A 4DJ
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