REGISTERED NUMBER: 02696136 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Sydney Heath & Son Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

202,212

240,089

202,212

240,089

CURRENT ASSETS

Stocks

111,581

149,371

Debtors

6

340,591

300,625

Cash at bank and in hand

297,802

228,504

749,974

678,500

CREDITORS

Amounts falling due within one year

7

458,706

222,436

NET CURRENT ASSETS

291,268

456,064

TOTAL ASSETS LESS CURRENT LIABILITIES

493,480

696,153

CREDITORS

Amounts falling due after more than one year

8

(71,072

)

(156,211

)

PROVISIONS FOR LIABILITIES

(50,553

)

(63,624

)

NET ASSETS

371,855

476,318

CAPITAL AND RESERVES

Called up share capital

250

250

Capital redemption reserve

798

798

Retained earnings

370,807

475,270

SHAREHOLDERS' FUNDS

371,855

476,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:

Mr J D Barnes - Director

1.	STATUTORY INFORMATION

Sydney Heath & Son Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02696136

Registered office:

Bycars Road

Burslem

Stoke-on-Trent

Staffordshire

ST6 1BY

The presentation currency of the financial statements is the Pound Sterling (£).

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 has been fully amortised.

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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

25% on cost and 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 19 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

4,100

AMORTISATION

At 1 January 2024

and 31 December 2024

4,100

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

32,687

365,081

115,819

103,730

617,317

Additions

-

20,744

6,363

39,995

67,102

Disposals

-

(13,500

)

-

(72,000

)

(85,500

)

At 31 December 2024

32,687

372,325

122,182

71,725

598,919

DEPRECIATION

At 1 January 2024

32,687

203,678

96,192

44,671

377,228

Charge for year

-

17,121

11,659

11,264

40,044

Eliminated on disposal

-

(2,565

)

-

(18,000

)

(20,565

)

At 31 December 2024

32,687

218,234

107,851

37,935

396,707

NET BOOK VALUE

At 31 December 2024

-

154,091

14,331

33,790

202,212

At 31 December 2023

-

161,403

19,627

59,059

240,089

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

18,000

72,000

90,000

Additions

19,610

39,995

59,605

Disposals

-

(72,000

)

(72,000

)

Transfer to ownership

(18,000

)

-

(18,000

)

At 31 December 2024

19,610

39,995

59,605

DEPRECIATION

At 1 January 2024

3,420

18,000

21,420

Charge for year

1,961

9,999

11,960

Eliminated on disposal

-

(18,000

)

(18,000

)

Transfer to ownership

(3,420

)

-

(3,420

)

At 31 December 2024

1,961

9,999

11,960

NET BOOK VALUE

At 31 December 2024

17,649

29,996

47,645

At 31 December 2023

14,580

54,000

68,580

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

295,232

279,198

Other debtors

45,359

21,427

340,591

300,625

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

68

40,606

Hire purchase contracts

14,547

16,982

Trade creditors

98,587

108,859

Taxation and social security

63,032

20,355

Other creditors

282,472

35,634

458,706

222,436

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

75,000

Hire purchase contracts

34,413

52,473

Other creditors

36,659

28,738

71,072

156,211

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

48,960

69,455

Hire purchase contracts are secured over the assets to which they relate.

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included within the balance sheet amount to £6,720 (2023 £8,400). This financial commitment represents the total amount of payments remaining on a lease ending in 2029.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Ms G O S Barnes and Mr J D Barnes

Balance outstanding at start of year

8,369

272,799

Amounts advanced

13,506

4,913

Amounts repaid

(12,200

)

(269,343

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,675

8,369

The overdrawn balance has been repaid since the year end.

12.	POST BALANCE SHEET EVENTS

After the year end Pontauchange Limited acquired 100% of the company's issued share capital and is now the controlling party.