Heritage Service Group Ltd - Filleted accounts

Registered number

03847932

Heritage Service Group Ltd

Unaudited Filleted Accounts

31 October 2024

Heritage Service Group Ltd
Registered number:		03847932
Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		118,934			222,434
Investments	4		47,500			47,500
			166,434			269,934

Current assets
Debtors	5	111,047			278,072
Cash at bank and in hand		49,000			4,486
		160,047			282,558

Creditors: amounts falling due within one year	6	(111,257)			(88,727)

Net current assets			48,790			193,831

Total assets less current liabilities			215,224			463,765

Creditors: amounts falling due after more than one year	7		-			(25,000)

Provisions for liabilities			(10,876)			(10,876)


Net assets			204,348			427,889

Capital and reserves
Called up share capital			1			1
Profit and loss account			204,347			427,888

Shareholder's funds			204,348			427,889

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



S McCrory
Director
Approved by the board on 29 August 2025

Heritage Service Group Ltd
Notes to the Accounts
for the year ended 31 October 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Motor vehicles			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Land and buildings		Fixtures, fittings and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2023	218,610		28,708		111,688		359,006
	Disposals	(103,500)		-		-		(103,500)
	At 31 October 2024	115,110		28,708		111,688		255,506

	Depreciation
	At 1 November 2023	53,820		24,866		57,886		136,572
	At 31 October 2024	53,820		24,866		57,886		136,572

	Net book value
	At 31 October 2024	61,290		3,842		53,802		118,934
	At 31 October 2023	164,790		3,842		53,802		222,434


4	Investments

Other
investments
£
	Cost
	At 1 November 2023							47,500

	At 31 October 2024							47,500


5	Debtors					2024		2023
£							£

	Other debtors					111,047		278,072


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					48,392		23,215
	Obligations under finance lease and hire purchase contracts					-		5,484
	Trade creditors					2,000		-
	Taxation and social security costs					46,981		58,028
	Other creditors					13,884		2,000
						111,257		88,727


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					-		25,000


8	Other information

	Heritage Service Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Highlands, Fordham Road
	Mount Bures
	Colchester
	Essex
	CO8 5AZ