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REGISTERED NUMBER: 05119604 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2022 to 30 April 2023

for

Pro-Heat (Gas Services) Limited

Pro-Heat (Gas Services) Limited (Registered number: 05119604)

Contents of the Financial Statements
for the Period 1 March 2022 to 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pro-Heat (Gas Services) Limited

Company Information
for the Period 1 March 2022 to 30 April 2023







DIRECTORS: D R Tossell
M E Bone
C M Hamilton





REGISTERED OFFICE: Avaland House
110 London Road, Apsley
Hemel Hempstead
Hertfordshire
HP3 9SD





REGISTERED NUMBER: 05119604 (England and Wales)





ACCOUNTANTS: David Lindon & Co
Chartered Accountants
Avaland House
110 London Road
Hemel Hempstead
Hertfordshire
HP3 9SD

Pro-Heat (Gas Services) Limited (Registered number: 05119604)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,534 19,220
37,534 19,220

CURRENT ASSETS
Stocks 6 11,555 20,738
Debtors 7 31,194 16,378
Cash at bank and in hand 74,153 65,387
116,902 102,503
CREDITORS
Amounts falling due within one year 8 63,968 85,534
NET CURRENT ASSETS 52,934 16,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,468

36,189

CREDITORS
Amounts falling due after more than one
year

9

(35,610

)

(34,186

)

PROVISIONS FOR LIABILITIES (7,317 ) (1,964 )
NET ASSETS 47,541 39

Pro-Heat (Gas Services) Limited (Registered number: 05119604)

Balance Sheet - continued
30 April 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 47,538 36
SHAREHOLDERS' FUNDS 47,541 39

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





D R Tossell - Director


Pro-Heat (Gas Services) Limited (Registered number: 05119604)

Notes to the Financial Statements
for the Period 1 March 2022 to 30 April 2023


1. STATUTORY INFORMATION

Pro-Heat (Gas Services) 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.

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 five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
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 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Pro-Heat (Gas Services) Limited (Registered number: 05119604)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 30 April 2023


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 30 April 2023 30,000
AMORTISATION
At 1 March 2022
and 30 April 2023 30,000
NET BOOK VALUE
At 30 April 2023 -
At 28 February 2022 -

Pro-Heat (Gas Services) Limited (Registered number: 05119604)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 30 April 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 241 3,462 33,688 37,391
Additions 599 2,274 34,983 37,856
Disposals - - (33,688 ) (33,688 )
At 30 April 2023 840 5,736 34,983 41,559
DEPRECIATION
At 1 March 2022 232 2,664 15,275 18,171
Charge for period 46 1,083 4,223 5,352
Eliminated on disposal - - (19,498 ) (19,498 )
At 30 April 2023 278 3,747 - 4,025
NET BOOK VALUE
At 30 April 2023 562 1,989 34,983 37,534
At 28 February 2022 9 798 18,413 19,220

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 13,328
Additions 34,983
Disposals (13,328 )
At 30 April 2023 34,983
DEPRECIATION
At 1 March 2022 8,011
Charge for period 540
Eliminated on disposal (8,551 )
At 30 April 2023 -
NET BOOK VALUE
At 30 April 2023 34,983
At 28 February 2022 5,317

Pro-Heat (Gas Services) Limited (Registered number: 05119604)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 30 April 2023


6. STOCKS
2023 2022
£    £   
Work-in-progress 10,555 19,738
Finished goods 1,000 1,000
11,555 20,738

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,959 16,378
Prepayments 1,235 -
31,194 16,378

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,955 8,481
Hire purchase contracts 7,227 2,493
Trade creditors 24,181 15,847
Corporation tax 8,850 6,484
Social security and other taxes 1,235 1,348
VAT 9,244 12,195
Pension payable 233 346
Directors' current accounts 2,525 21,421
Accruals and deferred income 518 16,919
63,968 85,534

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,203 9,623
Bank loans - 2-5 years 11,305 22,830
Bank loans more 5 yr by instal - 1,733
Hire purchase contracts 14,102 -
35,610 34,186

Pro-Heat (Gas Services) Limited (Registered number: 05119604)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 30 April 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,733

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,463 42,667

The bank loan has been issued under the Coronavirus Business Interruption Loan Scheme.