Registered number |
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Registered number: |
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Balance Sheet | |||||||
as at |
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Notes | 2021 | 2020 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 4 |
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Current assets | |||||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 6 | ( |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 7 | ( |
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Net (liabilities)/assets | ( |
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Capital and reserves | |||||||
Called up share capital |
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Profit and loss account | ( |
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Shareholders' funds | ( |
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R L Suglani | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
The company recognises revenue from services when the amount of revenue can be reliably measured: it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company;s activities. |
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Tangible fixed assets | ||||||||
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Freehold buildings | 1/2 % straight line | |||||||
Plant and machinery | 10% reducing balance | |||||||
Intergral features | 1/2 % reducing balance | |||||||
Stocks | ||||||||
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Debtors | ||||||||
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Creditors | ||||||||
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Taxation | ||||||||
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Provisions | ||||||||
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2 | Going Concern | |||||||
"The company meets its day to day working capital requirements through an overdraft and bank loan facility. The current economic conditions create uncertainty particularly over the level of demand for the company products and the availability of bank finance in the foreseeable future. The company's cash flow projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facility. The company will open renewal negotiations with the bank in due course and has at this stage not sought any written commitment that the facility will be renewed. However, the company has held discussion with its bankers about its future borrowing needs and no matters have been drawn to its attention to suggest that renewal may not be forthcoming on acceptable terms. The company has received loans from the associated companny repayable on demand.,However, directors are confident that they do not rely on these loans for their day to day working capital and they can operate under the current facility available." |
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3 | Employees | 2021 | 2020 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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4 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 September 2020 |
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Additions | - |
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At 31 August 2021 |
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Depreciation | ||||||||
At 1 September 2020 |
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Charge for the year |
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At 31 August 2021 |
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Net book value | ||||||||
At 31 August 2021 |
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At 31 August 2020 |
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5 | Debtors | 2021 | 2020 | |||||
£ | £ | |||||||
Trade debtors |
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Other debtors |
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6 | Creditors: amounts falling due within one year | 2021 | 2020 | |||||
£ | £ | |||||||
Bank loans and overdrafts |
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Trade creditors |
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Amounts due to associated Company |
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Taxation and social security costs |
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Other creditors |
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7 | Creditors: amounts falling due after one year | 2021 | 2020 | |||||
£ | £ | |||||||
Bank loans |
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Obligations under finance lease and hire purchase contracts | - |
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8 | Loans | 2021 | 2020 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Secured bank loans | 1,041,700 | 1,258,408 | ||||||
Amounts, amounts due to associated company are undated, unsecured, interest fee and repayable on demand |
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9 | Other information | |||||||
New Heritage Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Unit 49 Bridge Trading Estate | ||||||||
Bridge Street North | ||||||||
Smethwick | ||||||||
West Midlands | ||||||||
B66 2BZ |