Company Registration No. 15448798 (England and Wales)
Heaths Construction & Building Limited
Unaudited accounts
for the year ended 31 January 2026
Heaths Construction & Building Limited
Unaudited accounts
Contents
Heaths Construction & Building Limited
Company Information
for the year ended 31 January 2026
Directors
Adam M Heath
Hope I A Heath
Company Number
15448798 (England and Wales)
Registered Office
112-113 High Street
Lincoln
Lincolnshire
LN5 7PY
United Kingdom
Accountants
Templar Accounting & Business Support Services Limited
(Incorporating Blake and Co)
112-113 High Street
Lincoln
Lincolnshire
LN5 7PY
Heaths Construction & Building Limited
Statement of financial position
as at 31 January 2026
Tangible assets
19,469
17,911
Cash at bank and in hand
7,770
3,921
Creditors: amounts falling due within one year
(26,167)
(33,343)
Net current assets/(liabilities)
2,015
(4,450)
Total assets less current liabilities
21,484
13,461
Creditors: amounts falling due after more than one year
(12,769)
(6,624)
Provisions for liabilities
Deferred tax
(5,124)
(3,403)
Called up share capital
100
100
Profit and loss account
3,491
3,334
Shareholders' funds
3,591
3,434
For the year ending 31 January 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by
Adam M Heath
Director
Company Registration No. 15448798
Heaths Construction & Building Limited
Notes to the Accounts
for the year ended 31 January 2026
Heaths Construction & Building Limited is a private company, limited by shares, registered in England and Wales, registration number 15448798. The registered office is 112-113 High Street, Lincoln, Lincolnshire, LN5 7PY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
33% Reducing balance
Computer equipment
33% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Heaths Construction & Building Limited
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2025
2,022
20,850
200
300
23,372
Additions
-
15,583
-
-
15,583
Disposals
-
(10,000)
-
-
(10,000)
At 31 January 2026
2,022
26,433
200
300
28,955
At 1 February 2025
506
4,790
66
99
5,461
Charge for the year
379
6,036
44
66
6,525
On disposals
-
(2,500)
-
-
(2,500)
At 31 January 2026
885
8,326
110
165
9,486
At 31 January 2026
1,137
18,107
90
135
19,469
At 31 January 2025
1,516
16,060
134
201
17,911
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
18,107
8,560
Amounts falling due within one year
Other debtors
10,905
20,995
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
6,620
3,556
Taxes and social security
7,347
7,238
Loans from directors
479
845
Deferred income
10,905
20,995
Heaths Construction & Building Limited
Notes to the Accounts
for the year ended 31 January 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
12,769
6,624
HP Agreements Yr.2 - Yr.4
£12,769
8
Deferred taxation
2026
2025
Accelerated capital allowances
5,124
3,403
Provision at start of year
3,403
-
Charged to the profit and loss account
1,721
3,403
Provision at end of year
5,124
3,403
A cumulative deferred taxation reserve has been created of some £5,124, due to accelerated capital allowances.
This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
9
Average number of employees
During the year the average number of employees was 2 (2025: 2).