Company Registration No. 12841269 (England and Wales)
Heathrow Building Supplies Ltd
Unaudited accounts
for the year ended 31 August 2024
Heathrow Building Supplies Ltd
Unaudited accounts
Contents
Heathrow Building Supplies Ltd
Company Information
for the year ended 31 August 2024
Director
Mr Baljinder Singh Dhillon
Company Number
12841269 (England and Wales)
Registered Office
Stanwell Farm Bedfont Road, Stanwell,
Staines-Upon-Thames
TW19 7LY
England
Accountants
ABMO Consultancy
37 Taplow Road
Taplow
South Bucks
SL6 0JN
Heathrow Building Supplies Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
249,004
240,209
Inventories
641,822
711,590
Cash at bank and in hand
55,564
30,112
Creditors: amounts falling due within one year
(876,538)
(935,945)
Net current assets/(liabilities)
105,248
(9,099)
Total assets less current liabilities
354,252
231,110
Creditors: amounts falling due after more than one year
(110,155)
(131,800)
Provisions for liabilities
Deferred tax
(39,783)
(38,024)
Called up share capital
10
10
Profit and loss account
204,304
61,276
Shareholders' funds
204,314
61,286
For the year ending 31 August 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 12 May 2025 and were signed on its behalf by
Mr Baljinder Singh Dhillon
Director
Company Registration No. 12841269
Heathrow Building Supplies Ltd
Notes to the Accounts
for the year ended 31 August 2024
Heathrow Building Supplies Ltd is a private company, limited by shares, registered in England and Wales, registration number 12841269. The registered office is Stanwell Farm Bedfont Road, Stanwell,, Staines-Upon-Thames, TW19 7LY, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
20% Straight line
Fixtures & fittings
10% Straight line
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.
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.
The financial statements have been prepared using the going concern basis of accounting. The Directors further confirm that the company has adequate resources to continue in operational existence for the foreseeable future.
Heathrow Building Supplies Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Total
At 1 September 2023
372,696
At 1 September 2023
132,487
Charge for the year
71,155
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
223,902
172,637
5
Post balance sheet events
On 19 August 2024, Mr Dhillon purchased additional 6 ordinary shares from Mr Momi for a consideration of £51,230.61. Following this transaction, Mr Dhillon is now in the process of acquiring all the remaining shares of the company, thereby becoming the sole shareholder. As a result, he will hold 100% of the company’s share capital and has been disclosed on Companies House as the only person with significant control over the company.
6
Average number of employees
During the year the average number of employees was 7 (2023: 6).