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REGISTERED NUMBER: 04481487 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HEFTY MANAGEMENT LIMITED

HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEFTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr E A Poore
Mr M F O'Mara
Mr S J Poore





SECRETARY: Mrs W Poore





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 04481487 (England and Wales)





AUDITORS: MGR SD Limited
Chartered Accountants
Statutory Auditors
55 Loudoun Road
St John's Wood
London
NW8 0DL

HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 48,000 56,000
Tangible assets 5 39,992 17,755
87,992 73,755

CURRENT ASSETS
Debtors 6 339,911 246,493
Cash at bank 172,970 376,065
512,881 622,558
CREDITORS
Amounts falling due within one year 7 (287,577 ) (348,807 )
NET CURRENT ASSETS 225,304 273,751
TOTAL ASSETS LESS CURRENT LIABILITIES 313,296 347,506

CREDITORS
Amounts falling due after more than one
year

8

(59,085

)

(120,116

)

PROVISIONS FOR LIABILITIES 11 (1,236 ) (1,236 )
NET ASSETS 252,975 226,154

CAPITAL AND RESERVES
Called up share capital 12 45,000 45,000
Share premium 15,000 15,000
Capital redemption reserve 5,000 5,000
Retained earnings 187,975 161,154
SHAREHOLDERS' FUNDS 252,975 226,154

HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:




Mr E A Poore - Director



Mr M F O'Mara - Director


HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Hefty Management 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 amounts receivable for services provided net of value added tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - evenly over the period of the lease
Office equipment - 33% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 182,767
AMORTISATION
At 1 January 2024 126,767
Amortisation for year 8,000
At 31 December 2024 134,767
NET BOOK VALUE
At 31 December 2024 48,000
At 31 December 2023 56,000

HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Office and
leasehold equipment fittings
£    £    £   
COST
At 1 January 2024 12,777 6,411 56,107
Additions - 807 -
At 31 December 2024 12,777 7,218 56,107
DEPRECIATION
At 1 January 2024 11,066 6,385 50,931
Charge for year 1,570 164 1,035
At 31 December 2024 12,636 6,549 51,966
NET BOOK VALUE
At 31 December 2024 141 669 4,141
At 31 December 2023 1,711 26 5,176

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 16,600 20,180 112,075
Additions 30,138 - 30,945
At 31 December 2024 46,738 20,180 143,020
DEPRECIATION
At 1 January 2024 6,876 19,062 94,320
Charge for year 5,570 369 8,708
At 31 December 2024 12,446 19,431 103,028
NET BOOK VALUE
At 31 December 2024 34,292 749 39,992
At 31 December 2023 9,724 1,118 17,755

HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 30,138
At 31 December 2024 30,138
DEPRECIATION
Charge for year 7,535
At 31 December 2024 7,535
NET BOOK VALUE
At 31 December 2024 22,603

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 336,365 239,352
Other debtors 3,546 7,141
339,911 246,493

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 9) - 30,002
Hire purchase contracts (see note 10) 3,233 -
Trade creditors 188,967 239,733
Taxation and social security 44,784 62,807
Other creditors 50,593 16,265
287,577 348,807

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 9) - 47,500
Hire purchase contracts (see note 10) 23,288 -
Other creditors 35,797 72,616
59,085 120,116

The hire purchase loan is secured against the asset to which it relates.

HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 2
Bank loans - 30,000
- 30,002

Amounts falling due between one and two years:
Bank loans - 1-2 years - 30,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 17,500

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 3,233 -
Between one and five years 23,288 -
26,521 -

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 33,100 43,785
Between one and five years 79,223 10,145
112,323 53,930

11. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 1,236 1,236

HEFTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04481487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 1,236
Balance at 31 December 2024 1,236

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
35,000 Ordinary £1 35,000 35,000
10,000 Ordinary A £1 10,000 10,000
45,000 45,000

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Sefton (Senior Statutory Auditor)
for and on behalf of MGR SD Limited

14. PENSION COMMITMENTS

The company makes contributions to a defined contribution pension scheme of behalf of the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Amounts charged to the profit and loss account were £4,635 for the year (2023: £3,912). Contributions totalling £571 (2023: £516) were payable to fund at the year end and are included in creditors.

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

E A Poore has provided a personal guarantee with respect to the company's banking facilities.