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Company registration number: SC291640
GR Heating Ltd
Unaudited filleted financial statements
31 March 2023
GR Heating Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
GR Heating Ltd
Directors and other information
Directors Mrs Deborah Rae
Mr Gordon Rae
Company number SC291640
Registered office 4 Lothian Street
Dalkeith
EH22 1DS
Business address 1 Randolph Crescent
Dunbar
East Lothian
EH42 1GL
Accountants Ian J Brown and Company
4 Lothian Street
Dalkeith
Edinburgh
Midlothian
EH22 1DS
GR Heating Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of GR Heating Ltd
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GR Heating Ltd for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of GR Heating Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of GR Heating Ltd and state those matters that we have agreed to state to the board of directors of GR Heating Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GR Heating Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that GR Heating Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GR Heating Ltd. You consider that GR Heating Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of GR Heating Ltd. 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 statutory financial statements.
Ian J Brown and Company
Chartered Accountants
4 Lothian Street
Dalkeith
Edinburgh
Midlothian
EH22 1DS
24 August 2023
GR Heating Ltd
Statement of financial position
31 March 2023
2023 2022
£ £
Fixed assets 8,881 30,016
_______ _______
Current assets 34,948 44,878
Creditors: amounts falling due within one year ( 11,069) ( 34,907)
_______ _______
Net current assets 23,879 9,971
_______ _______
Total assets less current liabilities 32,760 39,987
Creditors: amounts falling due after more than one year ( 29,276) ( 37,516)
Accruals and deferred income ( 1,906) ( 1,827)
_______ _______
Net assets 1,578 644
_______ _______
Capital and reserves 1,578 644
_______ _______
Notes to the financial statements
GR Heating Ltd
Year ended 31 March 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs Deborah Rae 3,118 20,341 23,459
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs Deborah Rae 11,243 ( 8,125) 3,118
_______ _______ _______
During the year the director had a loan from the company which is repayable on demand. Interest is charged at that rate of 2.5% on the loan.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 24 August 2023 , and are signed on behalf of the board by:
Mr Gordon Rae
Director
The company is a private company limited by shares, registered in Scotland.