REGISTERED NUMBER: 06209350 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2025

for

Hearthworks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J Weightman

SECRETARY:

Mrs E C Weightman

REGISTERED OFFICE:

Spring Cottage

Worminster

North Wootton

Shepton Mallet

Somerset

BA4 4AJ

REGISTERED NUMBER:

06209350 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

57,192

88,345

57,192

88,345

CURRENT ASSETS

Stocks

7,725

5,903

Debtors

6

11,882

44,236

Cash at bank

10,423

46,550

30,030

96,689

CREDITORS

Amounts falling due within one year

7

34,895

38,850

NET CURRENT (LIABILITIES)/ASSETS

(4,865

)

57,839

TOTAL ASSETS LESS CURRENT LIABILITIES

52,327

146,184

CREDITORS

Amounts falling due after more than one year

8

29,176

29,407

NET ASSETS

23,151

116,777

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

23,051

116,677

23,151

116,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

T J Weightman - Director

1.	STATUTORY INFORMATION

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

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, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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 Income Statement, 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.

Hire purchase and leasing commitments

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 8 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 March 2024

and 30 March 2025

36,000

AMORTISATION

At 31 March 2024

and 30 March 2025

36,000

NET BOOK VALUE

At 30 March 2025

-

At 30 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 31 March 2024

518,963

65,926

22,976

607,865

Additions

25,980

-

-

25,980

At 30 March 2025

544,943

65,926

22,976

633,845

DEPRECIATION

At 31 March 2024

452,944

43,726

22,850

519,520

Charge for year

50,922

6,169

42

57,133

At 30 March 2025

503,866

49,895

22,892

576,653

NET BOOK VALUE

At 30 March 2025

41,077

16,031

84

57,192

At 30 March 2024

66,019

22,200

126

88,345

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,224

41,579

Other debtors

3,830

-

Directors' current accounts

-

626

Prepayments and accrued income

1,828

2,031

11,882

44,236

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,400

6,000

Trade creditors

1,857

283

Tax

-

3,830

Social security and other taxes

4,057

4,830

VAT

23,843

22,157

Directors' current accounts

186

-

Accrued expenses

2,552

1,750

34,895

38,850

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

18,000

25,000

Bank loans more 5 yr by instal

11,176

4,407

29,176

29,407

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,176

4,407

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

2025

2024

£

£

T J Weightman

Balance outstanding at start of year

626

703

Amounts repaid

(812

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(186

)

626