HEAPS, ARNOLD & HEAPS LIMITED - Filleted accounts

Registered number

02798893

HEAPS, ARNOLD & HEAPS LIMITED

Filleted Accounts

31 March 2025

HEAPS, ARNOLD & HEAPS LIMITED
Registered number:		02798893
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		541,568			555,187
Investments	5		100,000			100,000
			641,568			655,187

Current assets
Stocks		84,526			91,684
Debtors	6	1,489,865			1,393,177
Cash at bank and in hand		683,550			610,032
		2,257,941			2,094,893

Creditors: amounts falling due within one year	7	(752,026)			(790,358)

Net current assets			1,505,915			1,304,535

Total assets less current liabilities			2,147,483			1,959,722

Creditors: amounts falling due after more than one year	8		(132,633)			(180,297)

Provisions for liabilities			(112,000)			(114,000)


Net assets			1,902,850			1,665,425

Capital and reserves
Called up share capital			69,996			69,996
Share premium			2,500			2,500
Other reserves			206			206
Profit and loss account			1,830,148			1,592,723

Shareholders' funds			1,902,850			1,665,425

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.




D W Briscoe
Director
Approved by the board on 15 December 2025

HEAPS, ARNOLD & HEAPS 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).

	Exemption from preparing consolidated financial statements
	These financial statements present information about the company as an individual undertaking and not about its group. The company is exempt from the requirement to prepare group accounts as the group is small.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

	Intangible fixed assets
	Purchased goodwill of £84,000 resulting from the acquisition of a business in 1994 has been fully amortised.

	Tangible fixed assets
	Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is calculated to write down the cost of fixed assets over their expected useful lives. The rates used are as follows:-

	Land and buildings	- 2% on cost
	Plant, machinery, fixtures and fittings	- 15% reducing balance
	Motor vehicles and computer equipment	- 25% reducing balance

	Investments
	Investments are measured at cost less impairment. Impairment is calculated to write down the investment value to the capital and reserves of the company plus the purchased goodwill.

	Stocks
	Stocks are valued at the lower of cost or net realisable value on the first in first out (FIFO) basis, after making due allowance for obsolete and slow moving items. Cost includes direct expenditure and an appropriate proportion of production overheads. Profits and foreseeable losses on goods manufactured to customers' specific orders are taken when they have been substantially completed. The balances so arrived at are included in turnover and debtors as amounts recoverable under contracts.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

	Loans and borrowings
	Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

	Taxation
	Current tax represents the amount of tax payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

	Leased assets
	Tangible fixed assets acquired under finance lease or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

	Government grants
	Government grants are recognised at the fair value of the asset receivable when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received using the accrual model. Capital grants are recognised in the profit and loss account on a systematic basis over the useful economic life of the asset to which they relate.

	Employee benefits
	When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			18		14


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					84,000
	At 31 March 2025					84,000

	Amortisation
	At 1 April 2024					84,000
	At 31 March 2025					84,000

	Net book value
	At 31 March 2025					-


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	197,422		1,439,121		1,636,543
	Additions	-		71,196		71,196
	At 31 March 2025	197,422		1,510,317		1,707,739

	Depreciation
	At 1 April 2024	108,546		972,810		1,081,356
	Charge for the year	3,948		80,867		84,815
	At 31 March 2025	112,494		1,053,677		1,166,171

	Net book value
	At 31 March 2025	84,928		456,640		541,568
	At 31 March 2024	88,876		466,311		555,187


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024					100,000

	At 31 March 2025					100,000

	Historical cost
	At 1 April 2024					483,229
	At 31 March 2025					483,229

	The investment is 100% of the issued share capital of Starweld Engineering Limited, being 9,200 ordinary shares of £1. The nature of this company's business is the provision of welding, engineering and fabrication services. The carrying amount is the capital and reserves of the company and the cost of purchased goodwill. The following information is taken from its financial statements for the year ended 31st March 2025:- Aggregate capital and reserves - £(29,084) (2024 - £(34,994)) Profit/(loss) for the financial year - £5,910 (2024 - £(98,690))


6	Debtors			2025		2024
£					£

	Trade debtors			874,136		961,452
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			187,553		106,785
	Amounts recoverable on contracts			18,879		34,885
	Taxation			82,203		30,875
	Director's loan			318,021		243,360
	Other debtors			9,073		15,820
				1,489,865		1,393,177

	Amounts due after more than one year included above			82,203		30,875


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

	Bank loans and overdrafts			25,472		25,217
	Obligations under finance lease and hire purchase contracts			43,112		46,520
	Trade creditors			397,554		523,862
	Taxation and social security costs			218,501		147,711
	Participator's loans			19,240		25,420
	Other creditors			48,147		21,628
				752,026		790,358


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

	Bank loans			7,033		17,365
	Obligations under finance lease and hire purchase contracts			119,820		162,932
	Other creditors			5,780		-
				132,633		180,297


9	Secured liabilities			2025		2024
£					£
	Creditors include:

	Aggregate amount of secured liabilities			162,932		209,452

	The hire purchase liabilities are secured on the assets to which they relate.


10	Transactions with directors			2025		2024
£					£

	The following transactions were undertaken with a director of the
	company during the year:
	Advances to the director during the year			70,000		150,000
	Repayment of advances during the year			(1,800)		(1,800)
	Interest charged			6,461		3,882

	The loan is unsecured and repayable on demand. Interest is charged at the Revenue's rate for beneficial loan arrangements.


11	Other information

	HEAPS, ARNOLD & HEAPS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1, Quintec Court
	Barbot Hall Industrial Estate
	Rotherham
	South Yorkshire
	S61 4RN