IRIS Accounts Production v25.2.0.378 07182879 director 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071828792024-03-31071828792025-03-31071828792024-04-012025-03-31071828792023-03-31071828792023-04-012024-03-31071828792024-03-3107182879ns15:EnglandWales2024-04-012025-03-3107182879ns14:PoundSterling2024-04-012025-03-3107182879ns10:Director12024-04-012025-03-3107182879ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3107182879ns10:SmallEntities2024-04-012025-03-3107182879ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3107182879ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3107182879ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107182879ns10:FullAccounts2024-04-012025-03-310718287912024-04-012025-03-3107182879ns10:OrdinaryShareClass12024-04-012025-03-3107182879ns10:CompanySecretary12024-04-012025-03-3107182879ns10:RegisteredOffice2024-04-012025-03-3107182879ns5:CurrentFinancialInstruments2025-03-3107182879ns5:CurrentFinancialInstruments2024-03-3107182879ns5:Non-currentFinancialInstruments2025-03-3107182879ns5:Non-currentFinancialInstruments2024-03-3107182879ns5:ShareCapital2025-03-3107182879ns5:ShareCapital2024-03-3107182879ns5:RetainedEarningsAccumulatedLosses2025-03-3107182879ns5:RetainedEarningsAccumulatedLosses2024-03-3107182879ns5:NetGoodwill2024-04-012025-03-3107182879ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107182879ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-04-012025-03-3107182879ns5:PlantMachinery2024-04-012025-03-3107182879ns5:FurnitureFittings2024-04-012025-03-3107182879ns5:MotorVehicles2024-04-012025-03-3107182879ns5:ComputerEquipment2024-04-012025-03-3107182879ns5:NetGoodwill2024-03-3107182879ns5:NetGoodwill2025-03-3107182879ns5:NetGoodwill2024-03-3107182879ns5:LandBuildings2024-03-3107182879ns5:LeaseholdImprovements2024-03-3107182879ns5:PlantMachinery2024-03-3107182879ns5:LandBuildings2024-04-012025-03-3107182879ns5:LeaseholdImprovements2024-04-012025-03-3107182879ns5:LandBuildings2025-03-3107182879ns5:LeaseholdImprovements2025-03-3107182879ns5:PlantMachinery2025-03-3107182879ns5:LandBuildings2024-03-3107182879ns5:LeaseholdImprovements2024-03-3107182879ns5:PlantMachinery2024-03-3107182879ns5:FurnitureFittings2024-03-3107182879ns5:MotorVehicles2024-03-3107182879ns5:ComputerEquipment2024-03-3107182879ns5:FurnitureFittings2025-03-3107182879ns5:MotorVehicles2025-03-3107182879ns5:ComputerEquipment2025-03-3107182879ns5:FurnitureFittings2024-03-3107182879ns5:MotorVehicles2024-03-3107182879ns5:ComputerEquipment2024-03-3107182879ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3107182879ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107182879ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2025-03-3107182879ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-3107182879ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2025-03-3107182879ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3107182879ns5:HirePurchaseContracts2025-03-3107182879ns5:HirePurchaseContracts2024-03-3107182879ns5:WithinOneYear2025-03-3107182879ns5:WithinOneYear2024-03-3107182879ns5:BetweenOneFiveYears2025-03-3107182879ns5:BetweenOneFiveYears2024-03-3107182879ns5:AllPeriods2025-03-3107182879ns5:AllPeriods2024-03-3107182879ns5:DeferredTaxation2024-03-3107182879ns5:DeferredTaxation2025-03-3107182879ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 07182879 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Foster and Heanes Limited

Foster and Heanes Limited (Registered number: 07182879)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foster and Heanes Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: R T Ravenscroft





SECRETARY: Mrs J E Ravenscroft





REGISTERED OFFICE: The Yard
St. James Road
Fleet
Hampshire
GU51 3QH





REGISTERED NUMBER: 07182879 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Foster and Heanes Limited (Registered number: 07182879)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 20,000
Tangible assets 5 71,558 88,374
86,558 108,374

CURRENT ASSETS
Stocks 578,518 475,236
Debtors 6 91,259 57,629
Cash at bank 178,921 288,321
848,698 821,186
CREDITORS
Amounts falling due within one year 7 320,408 250,091
NET CURRENT ASSETS 528,290 571,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,848

679,469

CREDITORS
Amounts falling due after more than one
year

8

(21,347

)

(43,959

)

PROVISIONS FOR LIABILITIES 11 (9,421 ) (13,900 )
NET ASSETS 584,080 621,610

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 583,980 621,510
SHAREHOLDERS' FUNDS 584,080 621,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Foster and Heanes Limited (Registered number: 07182879)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:





R T Ravenscroft - Director


Foster and Heanes Limited (Registered number: 07182879)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Foster and Heanes 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


Foster and Heanes Limited (Registered number: 07182879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where applicable.

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.

Hire purchase and leasing commitments
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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

Foster and Heanes Limited (Registered number: 07182879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 310,000
AMORTISATION
At 1 April 2024 290,000
Amortisation for year 5,000
At 31 March 2025 295,000
NET BOOK VALUE
At 31 March 2025 15,000
At 31 March 2024 20,000

5. TANGIBLE FIXED ASSETS
Improvements
Leasehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2024 7,807 29,509 95,106
Additions - - 18,336
Disposals - - (68,388 )
At 31 March 2025 7,807 29,509 45,054
DEPRECIATION
At 1 April 2024 7,807 18,828 81,946
Charge for year - 4,976 11,267
Eliminated on disposal - - (68,388 )
At 31 March 2025 7,807 23,804 24,825
NET BOOK VALUE
At 31 March 2025 - 5,705 20,229
At 31 March 2024 - 10,681 13,160

Foster and Heanes Limited (Registered number: 07182879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 8,520 158,346 12,538 311,826
Additions - 4,000 2,373 24,709
Disposals (2,320 ) (25,285 ) (7,679 ) (103,672 )
At 31 March 2025 6,200 137,061 7,232 232,863
DEPRECIATION
At 1 April 2024 7,380 97,388 10,103 223,452
Charge for year 492 22,981 1,809 41,525
Eliminated on disposal (2,320 ) (25,285 ) (7,679 ) (103,672 )
At 31 March 2025 5,552 95,084 4,233 161,305
NET BOOK VALUE
At 31 March 2025 648 41,977 2,999 71,558
At 31 March 2024 1,140 60,958 2,435 88,374

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 5,176 8,612
Other debtors 86,083 49,017
91,259 57,629

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 9) 22,611 11,618
Trade creditors 108,890 66,430
Taxation and social security 135,608 118,672
Other creditors 53,299 53,371
320,408 250,091

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 9) 21,347 43,959

Foster and Heanes Limited (Registered number: 07182879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 22,611 11,618
Between one and five years 21,347 43,959
43,958 55,577

Non-cancellable
operating leases
31.3.25 31.3.24
£    £   
Within one year 40,622 78,122
Between one and five years - 12,500
40,622 90,622

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 43,958 55,577

There is a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

11. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 9,421 13,900

Deferred
tax
£   
Balance at 1 April 2024 13,900
Accelerated capital allowances (4,479 )
Balance at 31 March 2025 9,421

Foster and Heanes Limited (Registered number: 07182879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100