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Registered number: 12406068
Herongrange Group Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
The Boss Partnership
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12406068
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,011,821 527,441
Investments 5 335,000 200,000
1,346,821 727,441
CURRENT ASSETS
Stocks 6 74,702 50,000
Debtors 7 2,455,561 2,156,903
Cash at bank and in hand 96,191 24,181
2,626,454 2,231,084
Creditors: Amounts Falling Due Within One Year 8 (3,860,914 ) (2,750,038 )
NET CURRENT ASSETS (LIABILITIES) (1,234,460 ) (518,954 )
TOTAL ASSETS LESS CURRENT LIABILITIES 112,361 208,487
Creditors: Amounts Falling Due After More Than One Year 9 (186,797 ) (101,078 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (124,651 ) (30,604 )
NET (LIABILITIES)/ASSETS (199,087 ) 76,805
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (199,187 ) 76,705
SHAREHOLDERS' FUNDS (199,087) 76,805
Page 1
Page 2
For the year 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Withers
Director
18/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Herongrange Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12406068 . The registered office is Granary Wharf Business Park, Wetmore Road, Burton-On-Trent, Staffordshire, DE14 1DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%SL
Motor Vehicles 25%SL
Fixtures & Fittings 25%SL
Computer Equipment 25%SL
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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Page 4
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 218,268 471,951 18,487 2,570 711,276
Additions 203,938 655,158 6,290 19,718 885,104
Disposals - (175,700 ) - - (175,700 )
As at 31 January 2025 422,206 951,409 24,777 22,288 1,420,680
...CONTINUED
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Page 5
Depreciation
As at 1 February 2024 7,728 170,276 4,472 1,359 183,835
Provided during the period 76,554 197,245 5,714 2,287 281,800
Disposals - (56,776 ) - - (56,776 )
As at 31 January 2025 84,282 310,745 10,186 3,646 408,859
Net Book Value
As at 31 January 2025 337,924 640,664 14,591 18,642 1,011,821
As at 1 February 2024 210,540 301,675 14,015 1,211 527,441
5. Investments
Subsidiaries
£
Cost
As at 1 February 2024 200,000
Additions 135,000
As at 31 January 2025 335,000
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 335,000
As at 1 February 2024 200,000
6. Stocks
2025 2024
£ £
Materials 74,702 50,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,683,884 1,268,071
Prepayments and accrued income 71,271 117,324
Other debtors 77,511 150,191
VAT 31,937 -
Directors' loan accounts 590,958 567,672
Amounts owed by subsidiaries - 53,645
2,455,561 2,156,903
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 188,903 70,118
Trade creditors 159,588 220,879
Corporation tax (5,617 ) 561
Other taxes and social security 4,597 8,839
VAT - 168,959
Other creditors 717,341 1,414,830
Other creditors (1) 1,514,960 -
Accruals and deferred income 8,981 865,852
Amounts owed to subsidiaries 1,272,161 -
3,860,914 2,750,038
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 186,797 101,078
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 188,903 70,118
Later than one year and not later than five years 186,797 101,078
375,700 171,196
375,700 171,196
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
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