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REGISTERED NUMBER: 10223115 (England and Wales)















HEATSMART PLUMBING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






HEATSMART PLUMBING LIMITED (REGISTERED NUMBER: 10223115)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HEATSMART PLUMBING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: T J DePaul





REGISTERED OFFICE: 3
Winsford Road
Sully
South Glamorgan
CF64 5SA





REGISTERED NUMBER: 10223115 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

HEATSMART PLUMBING LIMITED (REGISTERED NUMBER: 10223115)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,340 4,450
Tangible assets 5 3,996 5,328
7,336 9,778

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 12,500 12,500
Cash at bank 26,420 7,796
41,920 23,296
CREDITORS
Amounts falling due within one year 7 102,908 80,108
NET CURRENT LIABILITIES (60,988 ) (56,812 )
TOTAL ASSETS LESS CURRENT LIABILITIES (53,652 ) (47,034 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (53,752 ) (47,134 )
SHAREHOLDERS' FUNDS (53,652 ) (47,034 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.

HEATSMART PLUMBING LIMITED (REGISTERED NUMBER: 10223115)

STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 2023


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 director and authorised for issue on 18th October 2023 and were signed by:





T J DePaul - Director


HEATSMART PLUMBING LIMITED (REGISTERED NUMBER: 10223115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Heatsmart Plumbing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2017, is being amortised evenly over its estimated useful life of ten 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.
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.

Taxation
Taxation for the year 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HEATSMART PLUMBING LIMITED (REGISTERED NUMBER: 10223115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 11,100
AMORTISATION
At 1st July 2022 6,650
Amortisation for year 1,110
At 30th June 2023 7,760
NET BOOK VALUE
At 30th June 2023 3,340
At 30th June 2022 4,450

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st July 2022
and 30th June 2023 22,450
DEPRECIATION
At 1st July 2022 17,122
Charge for year 1,332
At 30th June 2023 18,454
NET BOOK VALUE
At 30th June 2023 3,996
At 30th June 2022 5,328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,500 12,500

HEATSMART PLUMBING LIMITED (REGISTERED NUMBER: 10223115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,431 14,424
Other creditors 92,477 65,684
102,908 80,108

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100