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REGISTERED NUMBER: 05265785 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Heritage Timber Buildings Limited

Heritage Timber Buildings Limited (Registered number: 05265785)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Heritage Timber Buildings Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: L G Showell





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 05265785 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Heritage Timber Buildings Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heritage Timber Buildings Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Heritage Timber Buildings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heritage Timber Buildings Limited and state those matters that we have agreed to state to the director of Heritage Timber Buildings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heritage Timber Buildings Limited and its director for our work or for this report.

It is your duty to ensure that Heritage Timber Buildings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heritage Timber Buildings Limited. You consider that Heritage Timber Buildings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heritage Timber Buildings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


14 May 2025

Heritage Timber Buildings Limited (Registered number: 05265785)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 41,595 41,973

CURRENT ASSETS
Stocks 3,477 6,300
Debtors 5 24,550 30,888
Cash at bank 217,981 233,146
246,008 270,334
CREDITORS
Amounts falling due within one year 6 65,208 93,059
NET CURRENT ASSETS 180,800 177,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,395

219,248

PROVISIONS FOR LIABILITIES 6,912 7,006
NET ASSETS 215,483 212,242

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 214,483 211,242
SHAREHOLDERS' FUNDS 215,483 212,242

Heritage Timber Buildings Limited (Registered number: 05265785)

Balance Sheet - continued
31 December 2024


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 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 Income Statement has not been delivered.

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





L G Showell - Director


Heritage Timber Buildings Limited (Registered number: 05265785)

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


1. STATUTORY INFORMATION

Heritage Timber Buildings 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.

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 net involved sales of goods, excluding value added tax. Turnover is recognised when the goods are delivered.

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

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Heritage Timber Buildings Limited (Registered number: 05265785)

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


2. ACCOUNTING POLICIES - continued

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.

Hire purchase & finance lease
The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations in each period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property Plant and and Motor
improvement machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 30,544 13,551 5,851 27,590 77,536
Additions 4,639 - 4,363 - 9,002
At 31 December 2024 35,183 13,551 10,214 27,590 86,538
DEPRECIATION
At 1 January 2024 3,054 11,886 4,321 16,302 35,563
Charge for year 3,518 1,001 2,039 2,822 9,380
At 31 December 2024 6,572 12,887 6,360 19,124 44,943
NET BOOK VALUE
At 31 December 2024 28,611 664 3,854 8,466 41,595
At 31 December 2023 27,490 1,665 1,530 11,288 41,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 24,550 26,011
Other debtors - 2,918
VAT - 542
Prepayments - 1,417
24,550 30,888

Heritage Timber Buildings Limited (Registered number: 05265785)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 21,916 57,747
Corporation tax 8,180 14,393
Social security and other taxes 1,710 -
VAT 12,960 -
Other creditors 2,951 2,280
Directors' current accounts 13,641 14,294
Accruals and deferred income 3,850 4,345
65,208 93,059

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £75,000 (2023 - £Nil)