0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08201134 2023-10-01 2024-09-30 08201134 2024-09-30 08201134 2023-09-30 08201134 2022-10-01 2023-09-30 08201134 2023-09-30 08201134 2022-09-30 08201134 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08201134 core:FurnitureFittings 2023-10-01 2024-09-30 08201134 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 08201134 bus:Director1 2023-10-01 2024-09-30 08201134 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 08201134 core:FurnitureFittings 2023-09-30 08201134 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 08201134 core:FurnitureFittings 2024-09-30 08201134 core:WithinOneYear 2024-09-30 08201134 core:WithinOneYear 2023-09-30 08201134 core:ShareCapital 2024-09-30 08201134 core:ShareCapital 2023-09-30 08201134 core:RetainedEarningsAccumulatedLosses 2024-09-30 08201134 core:RetainedEarningsAccumulatedLosses 2023-09-30 08201134 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 08201134 core:FurnitureFittings 2023-09-30 08201134 bus:SmallEntities 2023-10-01 2024-09-30 08201134 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08201134 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08201134 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08201134 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 08201134
Heard & Stone Limited
Filleted Unaudited Financial Statements
30 September 2024
Heard & Stone Limited
Financial Statements
Year ended 30 September 2024
Contents
Page
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Heard & Stone Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Heard & Stone Limited
Year ended 30 September 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 September 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED Chartered Accountants
Midway House Staverton Technology Park Herrick Way, Staverton Cheltenham, Glos. GL51 6TQ
29 April 2025
Heard & Stone Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
174,944
180,851
Current assets
Debtors
5
5,186
6,559
Cash at bank and in hand
43,488
27,941
--------
--------
48,674
34,500
Creditors: amounts falling due within one year
6
247,218
246,684
---------
---------
Net current liabilities
198,544
212,184
---------
---------
Total assets less current liabilities
( 23,600)
( 31,333)
--------
--------
Net liabilities
( 23,600)
( 31,333)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 23,700)
( 31,433)
--------
--------
Shareholders deficit
( 23,600)
( 31,333)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Heard & Stone Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
Miss J A Heard
Director
Company registration number: 08201134
Heard & Stone Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Midway House, Herrick Way, Staverton Technology Park, Staverton, Cheltenham, GL51 6TQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
All fixed assets are initially recorded at cost. Depreciation is started once the assets are brought in to use.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Buildings
-
2% straight line
Fixtures & Fittings
-
5% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Tangible assets
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
185,265
44,033
229,298
---------
--------
---------
Depreciation
At 1 October 2023
29,243
19,204
48,447
Charge for the year
3,705
2,202
5,907
---------
--------
---------
At 30 September 2024
32,948
21,406
54,354
---------
--------
---------
Carrying amount
At 30 September 2024
152,317
22,627
174,944
---------
--------
---------
At 30 September 2023
156,022
24,829
180,851
---------
--------
---------
5. Debtors
2024
2023
£
£
Trade debtors
3,600
Other debtors
1,586
6,559
-------
-------
5,186
6,559
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,217
180
Corporation tax
2,510
3,427
Social security and other taxes
1,788
1,500
Sundry creditors
1,583
1,585
Other creditors
240,120
239,992
---------
---------
247,218
246,684
---------
---------