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Company Registration No. 11185154 (England and Wales)
Guscott Heating Services Ltd Unaudited accounts for the year ended 28 February 2023
Guscott Heating Services Ltd Unaudited accounts Contents
Page
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Guscott Heating Services Ltd Company Information for the year ended 28 February 2023
Director
Mr Harland Guscott
Company Number
11185154 (England and Wales)
Registered Office
Innovation Centre, Maidstone Road, Chatham Kent ME5 9FD
Accountants
AK Tax & Accountancy Ltd Suite 1 Christchurch House Sir Thomas Longley Road Rochester Kent ME24FX
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Guscott Heating Services Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
116,119 
58,481 
Current assets
Debtors
85,343 
34,705 
Cash at bank and in hand
74,565 
109,188 
159,908 
143,893 
Creditors: amounts falling due within one year
(188,509)
(143,731)
Net current (liabilities)/assets
(28,601)
162 
Net assets
87,518 
58,643 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
87,418 
58,543 
Shareholders' funds
87,518 
58,643 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 August 2023 and were signed on its behalf by
Mr Harland Guscott Director Company Registration No. 11185154
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Guscott Heating Services Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Guscott Heating Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11185154. The registered office is Innovation Centre, , Maidstone Road, , Chatham, Kent, ME5 9FD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
- 
75,865 
529 
1,862 
78,256 
Additions
3,422 
57,622 
1,098 
1,691 
63,833 
At 28 February 2023
3,422 
133,487 
1,627 
3,553 
142,089 
Depreciation
At 1 March 2022
- 
18,779 
241 
755 
19,775 
Charge for the year
11 
5,914 
30 
240 
6,195 
At 28 February 2023
11 
24,693 
271 
995 
25,970 
Net book value
At 28 February 2023
3,411 
108,794 
1,356 
2,558 
116,119 
At 28 February 2022
- 
57,086 
288 
1,107 
58,481 
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Guscott Heating Services Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,430 
31,220 
Accrued income and prepayments
35,273 
723 
Other debtors
19,640 
2,762 
85,343 
34,705 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,831 
39,121 
VAT
(5,492)
2,755 
Obligations under finance leases and hire purchase contracts
54,873 
20,090 
Trade creditors
65,697 
44,603 
Taxes and social security
15,964 
18,578 
Other creditors
(1,765)
5,783 
Loans from directors
30,401 
12,801 
188,509 
143,731 
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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