Heritage Electrics (Blaenavon) Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 10083063

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,941		24,669

			18,941		24,669
CURRENT ASSETS
Stocks	5	5,000		5,000
Debtors	6	113,937		117,477
Cash at bank and in hand		16,462		35,422

		135,399		157,899
Creditors: Amounts Falling Due Within One Year	7	(99,215 )		(110,288 )

NET CURRENT ASSETS (LIABILITIES)			36,184		47,611

TOTAL ASSETS LESS CURRENT LIABILITIES			55,125		72,280

Creditors: Amounts Falling Due After More Than One Year	8		(11,040 )		(22,038 )

NET ASSETS			44,085		50,242

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			44,083		50,240

SHAREHOLDERS' FUNDS			44,085		50,242

Page 1

Page 2

Heritage Electrics (Blaenavon) Limited

Balance Sheet (continued)

As At 31 March 2025

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

Mrs Lawri Keen

Director

30 December 2025

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	2	37,020	37,022
Profit for the year and total comprehensive income	-	13,220	13,220

As at 31 March 2024 and 1 April 2024	2	50,240	50,242


Loss for the year and total comprehensive income	-	(6,157 )	(6,157)

As at 31 March 2025	2	44,083	44,085

1. General Information

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. 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	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Straight Line
Computer Equipment	20% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

Page 4

Page 5

Heritage Electrics (Blaenavon) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	4,681	47,000	417	1,380	53,478
Additions	-	-	-	639	639

As at 31 March 2025	4,681	47,000	417	2,019	54,117

Depreciation
As at 1 April 2024	2,060	25,243	417	1,089	28,809
Provided during the period	524	5,439	-	404	6,367

As at 31 March 2025	2,584	30,682	417	1,493	35,176

Net Book Value
As at 31 March 2025	2,097	16,318	-	526	18,941

As at 1 April 2024	2,621	21,757	-	291	24,669

5. Stocks

	2025	2024
	£	£
Stock	5,000	5,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	79,497	73,820
Other debtors	7,740	15,323
Other debtors (1)	26,700	26,700
VAT	-	1,634

	113,937	117,477

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,000	6,000
Trade creditors	29,724	49,866
Bank loans and overdrafts	5,600	5,600
VAT	3,467	-
Net wages	-	6,795
Other creditors	532	492
Director's loan account	53,892	41,535

	99,215	110,288

Page 5

Page 6

Heritage Electrics (Blaenavon) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,140	15,138
Bank loans	1,900	6,900

	11,040	22,038

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,000	6,000
Later than one year and not later than five years	9,140	15,138

	15,140	21,138

	15,140	21,138

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

Page 6