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Registered number: 05705976
Heelan Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05705976
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,661 1,937
Tangible Assets 5 65,499 67,639
67,160 69,576
CURRENT ASSETS
Debtors 6 116,280 111,353
Cash at bank and in hand 172,738 127,867
289,018 239,220
Creditors: Amounts Falling Due Within One Year 7 (257,144 ) (186,650 )
NET CURRENT ASSETS (LIABILITIES) 31,874 52,570
TOTAL ASSETS LESS CURRENT LIABILITIES 99,034 122,146
Creditors: Amounts Falling Due After More Than One Year 8 (46,233 ) (15,057 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,198 ) (7,965 )
NET ASSETS 44,603 99,124
CAPITAL AND RESERVES
Called up share capital 9 1,400 1,400
Profit and Loss Account 43,203 97,724
SHAREHOLDERS' FUNDS 44,603 99,124
Page 1
Page 2
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
Ms A Heelan
Director
16 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Heelan Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05705976 . The registered office is 1 The Briars Waterberry Drive, Waterlooville, PO7 7YH.
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.
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 - Other Intangible
Other intangible assets are leasehold capital improvements 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 5 years straight line basis
Motor Vehicles 5 years straight line basis
Fixtures & Fittings 5 years straight line basis
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 years 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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2024: 38)
39 38
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Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 2,767
As at 31 March 2025 2,767
Amortisation
As at 1 April 2024 830
Provided during the period 276
As at 31 March 2025 1,106
Net Book Value
As at 31 March 2025 1,661
As at 1 April 2024 1,937
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 80,789 36,104 116,893
Additions 17,271 - 17,271
Disposals (318 ) - (318 )
As at 31 March 2025 97,742 36,104 133,846
Depreciation
As at 1 April 2024 46,245 3,009 49,254
Provided during the period 12,191 7,220 19,411
Disposals (318 ) - (318 )
As at 31 March 2025 58,118 10,229 68,347
Net Book Value
As at 31 March 2025 39,624 25,875 65,499
As at 1 April 2024 34,544 33,095 67,639
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 47,015 39,442
Amounts owed by participating interests 306 251
Other debtors 56,619 58,170
103,940 97,863
...CONTINUED
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Page 5
Due after more than one year
Amounts owed by participating interests 1,940 3,090
Other debtors 10,400 10,400
12,340 13,490
116,280 111,353
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 40,999 35,735
Bank loans and overdrafts 19,504 9,985
Other creditors 32,478 17,991
Taxation and social security 164,163 122,939
257,144 186,650
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 46,233 15,057
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,400 1,400
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans from directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Daniel Brian Heelan (4,803 ) (64,318 ) 75,847 - 6,726
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
11. Related Party Transactions
Included within other creditors is the amount of £267 (2024 - £26) owed to the director, Mrs A Heelan. This amount is undated, unsecured, interest free and repayable upon demand. 
Included within other creditors is the amount of £6,726  (2024 - £6,453 other debtor) owed to the director, Mr D Heelan. This amount is undated, unsecured, interest free and repayable upon demand. 
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