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REGISTERED NUMBER: 04164472 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

CENTRAL HEATING DESIGNS LTD
TRADING AS
N C DESIGNS

CENTRAL HEATING DESIGNS LTD (REGISTERED NUMBER: 04164472)
TRADING AS N C DESIGNS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CENTRAL HEATING DESIGNS LTD
TRADING AS N C DESIGNS

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr D B Clements
Mr M R Tarry





SECRETARY: Mr D B Clements





REGISTERED OFFICE: 6 Langdale Court
Witney
Oxfordshire
OX28 6FG





BUSINESS ADDRESS: 1st Floor Office
Sterling House
19-23 High Street
Kidlington
Oxfordshire
OX5 2DH





REGISTERED NUMBER: 04164472 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
6 Langdale Court
Witney
Oxfordshire
OX28 6FG

CENTRAL HEATING DESIGNS LTD (REGISTERED NUMBER: 04164472)
TRADING AS N C DESIGNS

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,692 4,922
Tangible assets 5 2,939 6,317
6,631 11,239

CURRENT ASSETS
Debtors 6 254,986 200,496
Cash at bank and in hand 259,167 207,107
514,153 407,603
CREDITORS
Amounts falling due within one year 7 183,072 144,192
NET CURRENT ASSETS 331,081 263,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,712

274,650

PROVISIONS FOR LIABILITIES 8 530 2,084
NET ASSETS 337,182 272,566

CAPITAL AND RESERVES
Called up share capital 9 56 56
Capital redemption reserve 50 50
Retained earnings 337,076 272,460
SHAREHOLDERS' FUNDS 337,182 272,566

CENTRAL HEATING DESIGNS LTD (REGISTERED NUMBER: 04164472)
TRADING AS N C DESIGNS

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2023


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

The members have not required the company to obtain an audit of its financial statements for the year 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





Mr D B Clements - Director


CENTRAL HEATING DESIGNS LTD (REGISTERED NUMBER: 04164472)
TRADING AS N C DESIGNS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Central Heating Designs Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, 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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CENTRAL HEATING DESIGNS LTD (REGISTERED NUMBER: 04164472)
TRADING AS N C DESIGNS

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

2. ACCOUNTING POLICIES - continued

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 year was 14 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 52,750 6,153 58,903
AMORTISATION
At 1 May 2022 52,750 1,231 53,981
Charge for year - 1,230 1,230
At 30 April 2023 52,750 2,461 55,211
NET BOOK VALUE
At 30 April 2023 - 3,692 3,692
At 30 April 2022 - 4,922 4,922

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 3,690 42,667 46,357
Additions - 2,406 2,406
At 30 April 2023 3,690 45,073 48,763
DEPRECIATION
At 1 May 2022 2,808 37,232 40,040
Charge for year 397 5,387 5,784
At 30 April 2023 3,205 42,619 45,824
NET BOOK VALUE
At 30 April 2023 485 2,454 2,939
At 30 April 2022 882 5,435 6,317

CENTRAL HEATING DESIGNS LTD (REGISTERED NUMBER: 04164472)
TRADING AS N C DESIGNS

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 241,415 178,297
Directors' current accounts - 5,000
Prepayments 13,571 17,199
254,986 200,496

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 12,684 15,183
Tax 61,956 36,033
Social security and other taxes 3,469 2,925
VAT 60,037 48,398
Pension creditor 1,047 665
Directors' current accounts 15,000 15,000
Accrued expenses 28,879 25,988
183,072 144,192

8. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax
Accelerated capital allowances 530 2,084

Deferred
tax
£   
Balance at 1 May 2022 2,084
Credit to Income Statement during year (1,554 )
Balance at 30 April 2023 530

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
6 Ordinary A £1 6 6
39 Ordinary B £1 39 45
(30.4.22 - 45 )
11 Ordinary D £1 11 5
56 56

CENTRAL HEATING DESIGNS LTD (REGISTERED NUMBER: 04164472)
TRADING AS N C DESIGNS

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

10. PENSION COMMITMENTS

The company operates a money purchase (defined contribution) pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £34,312 (2022 - £32,216). As at 30 April 2023 £1,047 (2022 - £665) was outstanding and is included in other creditors.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
Mr M R Tarry
Balance outstanding at start of year 5,000 -
Amounts advanced - 10,000
Amounts repaid (5,000 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,000

12. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr D Clements by virtue of his shareholding in the current and previous period.