HERITAGE FINANCIAL CONSULTANCY LIMITED


Directors	John Pearson Steele
	Tracey Elaine Steele


Company Secretary	Tracey Elaine Steele


Registered Address	Heritage House
	Brewery Lane Holcombe
	Radstock
	BA3 5EQ


Registered Number	03279341 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	31 Mar 2025		31 Dec 2023
		£	£	£	£
Fixed assets
Tangible assets	4		103,591		132,708
			103,591		132,708
Current assets
Debtors	5	77,828		74,069
Cash at bank and on hand		24,495		-
		102,323		74,069
Creditors amounts falling due within one year	6	(96,931)		(84,200)
Net current assets (liabilities)			5,392		(10,131)
Total assets less current liabilities			108,983		122,577
Creditors amounts falling due after one year	7		(72,822)		(116,410)
Net assets			36,161		6,167
Capital and reserves
Called up share capital			506		506
Profit and loss account			35,655		5,661
Shareholders' funds			36,161		6,167

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 October 2025, and are signed on its behalf by:

John Pearson Steele
Director
Registered Company No. 03279341

HERITAGE FINANCIAL CONSULTANCY LIMITED

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over it's estimated economic life to a maximum of 5 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	15
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Government grants or assistance
	Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

2.	Average number of employees


		2025		2023
	Average number of employees during the year	6		5

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	39,241	39,241
At 31 March 25	39,241	39,241
Amortisation and impairment
At 01 January 24	39,241	39,241
At 31 March 25	39,241	39,241
Net book value
At 31 March 25	-	-
At 31 December 23	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	1,856	184,150	13,358	21,637	221,001
At 31 March 25	1,856	184,150	13,358	21,637	221,001
Depreciation and impairment
At 01 January 24	1,479	63,007	3,455	20,352	88,293
Charge for year	118	28,061	707	231	29,117
At 31 March 25	1,597	91,068	4,162	20,583	117,410
Net book value
At 31 March 25	259	93,082	9,196	1,054	103,591
At 31 December 23	377	121,143	9,903	1,285	132,708

5.	Debtors: amounts due within one year

	2025	2023
	£	£
Trade debtors / trade receivables	77,320	72,997
Prepayments and accrued income	508	1,072
Total	77,828	74,069


	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.

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.

6.	Creditors: amounts due within one year

	2025	2023
	£	£
Bank borrowings and overdrafts	-	3,637
Amounts owed to related parties	36,045	32,203
Taxation and social security	43,434	31,230
Finance lease and HP contracts	14,939	14,939
Other creditors	264	-
Accrued liabilities and deferred income	2,249	2,191
Total	96,931	84,200


	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.

7.	Creditors: amounts due after one year

	2025	2023
	£	£
Bank borrowings and overdrafts	-	30,281
Other creditors	72,822	86,129
Total	72,822	116,410

8.	Obligations under finance leases

		2025		2023
		£		£
	Finance lease and HP contracts	87,761		101,068