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REGISTERED NUMBER: 04577387 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2026

for

Heaths Limited
R F Miller & Co Ltd
Doubletree Court
10a Cavendish Street
Ulverston
Cumbria
LA12 7AD








Heaths Limited (Registered number: 04577387)






Contents of the Financial Statements
for the Year Ended 31 January 2026




Page

Chartered Certified Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 4


Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Heaths Limited

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 Balance Sheet. 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 accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 31 January 2026 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






R F Miller & Co Ltd
Doubletree Court
10a Cavendish Street
Ulverston
Cumbria
LA12 7AD


28 October 2026

This page does not form part of the statutory financial statements

Page 1
Heaths Limited (Registered number: 04577387)

Balance Sheet
31 January 2026

31.1.26 31.1.25
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,693 2,591
16,693 2,591

CURRENT ASSETS
Stocks 27,850 27,500
Debtors 6 127,690 124,168
Cash at bank and in hand 46,150 17,387
201,690 169,055
CREDITORS
Amounts falling due within one year 7 127,076 122,456
NET CURRENT ASSETS 74,614 46,599
TOTAL ASSETS LESS CURRENT
LIABILITIES
91,307
49,190

CREDITORS
Amounts falling due after more than one
year
8
38,827
38,763
NET ASSETS 52,480 10,427

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 52,380 10,327
SHAREHOLDERS' FUNDS 52,480 10,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 notes form part of these financial statements

Page 2 continued...
Heaths Limited (Registered number: 04577387)

Balance Sheet - continued
31 January 2026


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 29 October 2026 and were signed by:





Mr P J Heath - Director


The notes form part of these financial statements

Page 3
Heaths Limited (Registered number: 04577387)

Notes to the Financial Statements
for the Year Ended 31 January 2026

1. STATUTORY INFORMATION

Heaths Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04577387

Registered office: 76 Dalton Road
Barrow-in-furness
Cumbria
LA14 1JE

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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 6 (2025 - 6 ) .

Page 4 continued...
Heaths Limited (Registered number: 04577387)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2026

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2025
and 31 January 2026 80,000
AMORTISATION
At 1 February 2025
and 31 January 2026 80,000
NET BOOK VALUE
At 31 January 2026 -
At 31 January 2025 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2025 25,790 - 25,790
Additions - 14,750 14,750
At 31 January 2026 25,790 14,750 40,540
DEPRECIATION
At 1 February 2025 23,199 - 23,199
Charge for year 648 - 648
At 31 January 2026 23,847 - 23,847
NET BOOK VALUE
At 31 January 2026 1,943 14,750 16,693
At 31 January 2025 2,591 - 2,591

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.26 31.1.25
£    £   
Trade debtors 35,295 33,660
Other debtors 19,218 22,442
Directors' current accounts 72,116 67,009
Prepayments and accrued income - 1,057
Prepayments 1,061 -
127,690 124,168

Page 5 continued...
Heaths Limited (Registered number: 04577387)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.26 31.1.25
£    £   
Bank loans and overdrafts 11,848 15,335
Hire purchase contracts 3,190 -
Trade creditors 59,260 43,815
Tax 6,791 3,748
Social security and other taxes 12,369 12,417
VAT 6,900 16,142
Other creditors 83 -
Credit card account 26,097 30,585
Accrued expenses 538 414
127,076 122,456

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.26 31.1.25
£    £   
Bank loans - 1-2 years 4,851 5,000
Bounceback loan 1-2 years - 6,964
Bank loans - 2-5 years 22,416 26,799
Hire purchase contracts 11,560 -
38,827 38,763

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.26 31.1.25
value: £    £   
100 ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2025 10,327
Profit for the year 43,053
Dividends (1,000 )
At 31 January 2026 52,380

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within debtors is an amount owed to the company of £72,116 (2025: £67,009). The maximum overdrawn balance in the year was £72,116.

12. RELATED PARTY DISCLOSURES

The company operates from premises owned personally by the director and rent of £14,400 was paid to him during the year (2025: £14,400).

During the year Mr & Mrs P Heath jointly received a dividend of £1,000 (2025:- £1,000).

Page 6 continued...
Heaths Limited (Registered number: 04577387)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2026

13. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr P J Heath throughout the current and previous periods. Mr Heath is the managing director and together with members of his immediate family owns all of the company's issued share capital.

Page 7