Heath and Wiltshire Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02505138

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		37,991		71,039
Investments	6		103,880		103,880

			141,871		174,919
CURRENT ASSETS
Debtors	7	986,002		918,829
Cash at bank and in hand		224,893		310,823

		1,210,895		1,229,652
Creditors: Amounts Falling Due Within One Year	8	(300,511 )		(880,739 )

NET CURRENT ASSETS (LIABILITIES)			910,384		348,913

TOTAL ASSETS LESS CURRENT LIABILITIES			1,052,255		523,832

Creditors: Amounts Falling Due After More Than One Year	9		-		(52,865 )

NET ASSETS			1,052,255		470,967

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			1,052,155		470,867

SHAREHOLDERS' FUNDS			1,052,255		470,967

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Heath and Wiltshire Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr T M Marriott

Director

01/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Heath and Wiltshire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02505138 . The registered office is Suites 1-6, Floor 2 Bridge House, Station Road, Westbury, BA13 4HR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Straight line over 2 years
Motor Vehicles	33.33% on cost
Fixtures & Fittings	Straight line over 2 years

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 468 (2024: 520)

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Heath and Wiltshire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	711,679

As at 31 March 2025	711,679

Amortisation
As at 1 April 2024	711,679

As at 31 March 2025	711,679

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2024	174,829
Additions	13,938
Disposals	(54,901 )

As at 31 March 2025	133,866

Depreciation
As at 1 April 2024	103,790
Provided during the period	46,986
Disposals	(54,901 )

As at 31 March 2025	95,875

Net Book Value
As at 31 March 2025	37,991

As at 1 April 2024	71,039

6. Investments

	Other
	£
Cost or Valuation
As at 1 April 2024	103,880

As at 31 March 2025	103,880

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	103,880

As at 1 April 2024	103,880

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Heath and Wiltshire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	965,472	906,494
Prepayments and accrued income	1,748	2,000
Other debtors	2,587	4,747
Deferred tax current asset	16,195	5,588

	986,002	918,829

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	166,889	140,400
Bank loans and overdrafts	-	40,000
Corporation tax	130,596	134,478
Other taxes and social security	118,773	116,566
VAT	399,805	360,573
Other creditors	36,126	10,000
Accruals and deferred income	502,386	419,244
Directors' loan accounts	35,891	2,866
Amounts owed to/(from) group undertakings (Current liabilities - creditors < 1 year)	(1,089,955 )	(343,388 )

	300,511	880,739

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	52,865

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	360,000	354,000

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