REGISTERED NUMBER: 04392570 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Heritage Abrasives Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

R D Marshall

SECRETARY:

L J Sparrow

REGISTERED OFFICE:

239 Heneage Street

Nechells

Birmingham

West Midlands

B7 4LY

REGISTERED NUMBER:

04392570 (England and Wales)

ACCOUNTANTS:

Norman C Sands Limited

Chartered Accountants

333 Hagley Road

Pedmore

Stourbridge

West Midlands

DY9 0RF

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heritage Abrasives Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Heritage Abrasives Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heritage Abrasives Limited and state those matters that we have agreed to state to the director of Heritage Abrasives Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heritage Abrasives Limited and its director for our work or for this report.

It is your duty to ensure that Heritage Abrasives Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heritage Abrasives Limited. You consider that Heritage Abrasives Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heritage Abrasives Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Norman C Sands Limited

Chartered Accountants

333 Hagley Road

Pedmore

Stourbridge

West Midlands

DY9 0RF

17 November 2025

FIXED ASSETS

Tangible assets

4

5,304

6,329

CURRENT ASSETS

Stocks

32,200

42,450

Debtors

5

102,616

129,204

Cash at bank and in hand

66,278

44,804

201,094

216,458

CREDITORS

Amounts falling due within one year

6

168,168

196,197

NET CURRENT ASSETS

32,926

20,261

TOTAL ASSETS LESS CURRENT LIABILITIES

38,230

26,590

CREDITORS

Amounts falling due after more than one year

7

(1,163

)

(6,250

)

PROVISIONS FOR LIABILITIES

(1,008

)

(1,203

)

NET ASSETS

36,059

19,137

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

36,057

19,135

SHAREHOLDERS' FUNDS

36,059

19,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 17 November 2025 and were signed by:

R D Marshall - Director

1.	STATUTORY INFORMATION

Heritage Abrasives 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.

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 reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

116,099

Additions

355

At 31 March 2025

116,454

DEPRECIATION

At 1 April 2024

109,770

Charge for year

1,380

At 31 March 2025

111,150

NET BOOK VALUE

At 31 March 2025

5,304

At 31 March 2024

6,329

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

80,616

109,252

Amounts owed by associates

4,594

4,594

Other debtors

17,406

15,358

102,616

129,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,000

5,065

Trade creditors

65,372

55,489

Taxation and social security

16,608

16,903

Other creditors

81,188

118,740

168,168

196,197

Other creditors include a bank discounting advance of £66,094.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,163

6,250

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Invoice discounting advance

66,094

82,483

9.	RELATED PARTY DISCLOSURES

Mr R D Marshall owns the property from which the company operates and during the year ended 31 March 2025 charged the company £7,000 rent.

At 31 March 2025 the company owed Mr R D Marshall £153. .

The company has one associated company, Heritage & Co. Ltd, which at 31 March 2025 owed the company £4,594.

10.	CONTROLLING PARTY

The controlling party is R D Marshall.