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Company Registration No. 15448798 (England and Wales)
Heaths Construction & Building Limited Unaudited accounts for the period from 29 January 2024 to 31 January 2025
Heaths Construction & Building Limited Unaudited accounts Contents
Page
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Heaths Construction & Building Limited Company Information for the period from 29 January 2024 to 31 January 2025
Directors
Adam M Heath Hope I A Heath
Company Number
15448798 (England and Wales)
Registered Office
112-113 High Street Lincoln Lincolnshire LN5 7PY United Kingdom
Accountants
Templar Accounting & Business Support Services Limited (Incorporating Blake and Co) 112-113 High Street Lincoln Lincolnshire LN5 7PY
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Heaths Construction & Building Limited Statement of financial position as at 31 January 2025
2025 
Notes
£ 
Fixed assets
Tangible assets
17,911 
Current assets
Debtors
24,972 
Cash at bank and in hand
3,921 
28,893 
Creditors: amounts falling due within one year
(33,343)
Net current liabilities
(4,450)
Total assets less current liabilities
13,461 
Creditors: amounts falling due after more than one year
(6,624)
Provisions for liabilities
Deferred tax
(3,403)
Net assets
3,434 
Capital and reserves
Called up share capital
100 
Profit and loss account
3,334 
Shareholders' funds
3,434 
For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2025 and were signed on its behalf by
Adam M Heath Director Company Registration No. 15448798
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Heaths Construction & Building Limited Notes to the Accounts for the period from 29 January 2024 to 31 January 2025
1
Statutory information
Heaths Construction & Building Limited is a private company, limited by shares, registered in England and Wales, registration number 15448798. The registered office is 112-113 High Street, Lincoln, Lincolnshire, LN5 7PY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
33% Reducing balance
Computer equipment
33% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Heaths Construction & Building Limited Notes to the Accounts for the period from 29 January 2024 to 31 January 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 29 January 2024
- 
- 
- 
- 
- 
Additions
2,022 
20,850 
200 
300 
23,372 
At 31 January 2025
2,022 
20,850 
200 
300 
23,372 
Depreciation
Charge for the period
506 
4,790 
66 
99 
5,461 
At 31 January 2025
506 
4,790 
66 
99 
5,461 
Net book value
At 31 January 2025
1,516 
16,060 
134 
201 
17,911 
2025 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
- Motor vehicles
8,560 
5
Debtors
2025 
£ 
Amounts falling due within one year
VAT
542 
Trade debtors
3,435 
Other debtors
20,995 
24,972 
6
Creditors: amounts falling due within one year
2025 
£ 
Obligations under finance leases and hire purchase contracts
3,556 
Trade creditors
109 
Taxes and social security
7,238 
Loans from directors
845 
Accruals
600 
Deferred income
20,995 
33,343 
7
Creditors: amounts falling due after more than one year
2025 
£ 
Obligations under finance leases and hire purchase contracts
6,624 
HP Agreements Yr.2 - Yr.4 £6,624
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Heaths Construction & Building Limited Notes to the Accounts for the period from 29 January 2024 to 31 January 2025
8
Deferred taxation
2025 
£ 
Accelerated capital allowances
3,403 
2025 
£ 
Charged to the profit and loss account
3,403 
Provision at end of period
3,403 
A deferred taxation reserve has been created due to accelerated capital allowances in the period of £3,403 These reserves will reverse in future periods creating a tax liability at the prevailing rate on the day.
9
Average number of employees
During the period the average number of employees was 2.
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