Heyland & Spratt Limited - Filleted accounts

Registered number

06103651

Heyland & Spratt Limited

Filleted Accounts

31 March 2025

Heyland & Spratt Limited
Registered number:		06103651
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		507,249			541,319

Current assets
Debtors	4	579,598			257,075
Cash at bank and in hand		343,127			484,071
		922,725			741,146

Creditors: amounts falling due within one year	5	(398,521)			(350,493)

Net current assets			524,204			390,653

Total assets less current liabilities			1,031,453			931,972

Creditors: amounts falling due after more than one year	6		(125,969)			(239,688)

Net assets			905,484			692,284

Capital and reserves
Called up share capital			10,000			10,000
Profit and loss account			895,484			682,284

Shareholders' funds			905,484			692,284

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mr Michael Robert Handley
Director
Approved by the board on 8 October 2025

Heyland & Spratt Limited
Notes to the Accounts
for the year ended 31 March 2025


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 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.

	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
	Plant and machinery			20% on reducing balance
	Motor vehicles			20% on reducing balance

	Stock and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct expenditure and a appropriate proportion of fixed and variable overheads. Net realisable value is based on estimate selling price less estimated cost of disposal.

	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					2025		2024
Number							Number

	Average number of persons employed by the company					6		6


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	392,076		77,453		143,333		612,862
	Additions	-		6,486		-		6,486
	At 31 March 2025	392,076		83,939		143,333		619,348

	Depreciation
	At 1 April 2024	7,842		15,350		48,351		71,543
	Charge for the year	7,842		13,718		18,996		40,556
	At 31 March 2025	15,684		29,068		67,347		112,099

	Net book value
	At 31 March 2025	376,392		54,871		75,986		507,249
	At 31 March 2024	384,234		62,103		94,982		541,319


4	Debtors					2025		2024
£							£

	Trade debtors					396,554		156,118
	Other debtors					183,044		100,957
						579,598		257,075


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					19,552		36,418
	Trade creditors					102,512		110,758
	Taxation and social security costs					262,836		191,003
	Other creditors					13,621		12,314
						398,521		350,493

6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					125,969		239,688


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					145,521		276,106

	The bank loan is secured by a charge on the company`s assets.


8	Related party transactions

	Included in other debtors is the amount of £173,394 (2024: £95,000) due from Duhan Developments Ltd , a related party by virtue of common directorship and in which the directors hold a material interest. Included in trade debtors is the amount of £163,981 (2024: £ nil) due from Duhan Developments Ltd, a related party by virtue of common directorship and in which the directors hold a material interest.


9	Other information

	Heyland & Spratt Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Fonthill Cottage
	Coldharbour Lane
	Dorking
	Surrey
	RH4 3BN