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REGISTERED NUMBER: 11887015 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Heat Geek Ltd

Heat Geek Ltd (Registered number: 11887015)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Heat Geek Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A A Qureshi
A J Chapman





SECRETARY: G C Sargent





REGISTERED OFFICE: C/o Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF





REGISTERED NUMBER: 11887015 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

Heat Geek Ltd (Registered number: 11887015)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,347 13,066

CURRENT ASSETS
Debtors 5 144,260 26,868
Cash at bank 155,692 33,460
299,952 60,328
CREDITORS
Amounts falling due within one year 6 95,268 29,752
NET CURRENT ASSETS 204,684 30,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,031

43,642

PROVISIONS FOR LIABILITIES 1,966 2,483
NET ASSETS 213,065 41,159

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 213,055 41,149
213,065 41,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Heat Geek Ltd (Registered number: 11887015)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





A A Qureshi - Director


Heat Geek Ltd (Registered number: 11887015)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Heat Geek 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 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.

Tangible fixed assets
Tangible fixed assets are are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment -25% on cost
Computer equipment - 33% on cost
Plant & Machinery - 25% on cost

Grants
Government grants and other government assistance policy represents grant income received in the year and is recognised in the income statement at the time the grant conditions are met.

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 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.

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.

Heat Geek Ltd (Registered number: 11887015)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 18,879
Additions 3,627
At 31 March 2023 22,506
DEPRECIATION
At 1 April 2022 5,813
Charge for year 6,346
At 31 March 2023 12,159
NET BOOK VALUE
At 31 March 2023 10,347
At 31 March 2022 13,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 89 7,651
Amounts owed by group undertakings 59,395 -
Other debtors 84,776 19,217
144,260 26,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 8,888 1,964
Taxation and social security 82,625 20,491
Other creditors 3,755 7,297
95,268 29,752

7. RELATED PARTY DISCLOSURES

Included in other debtors due within one year is an amount of £1,490 (2022: £16,663) owed from the director to the company. The loan is interest free and repayable on demand.