2022-04-132023-04-302023-04-30false14044906HEATIO LTD2023-11-0243210iso4217:GBPxbrli:pure140449062022-04-13140449062023-04-30140449062022-04-132023-04-30140449062022-04-12140449062022-04-12140449062022-04-122022-04-1214044906bus:SmallEntities2022-04-132023-04-3014044906bus:AuditExempt-NoAccountantsReport2022-04-132023-04-3014044906bus:FullAccounts2022-04-132023-04-3014044906bus:PrivateLimitedCompanyLtd2022-04-132023-04-3014044906core:WithinOneYear2023-04-3014044906core:AfterOneYear2023-04-3014044906core:WithinOneYear2022-04-1214044906core:AfterOneYear2022-04-1214044906core:ShareCapital2023-04-3014044906core:SharePremium2023-04-3014044906core:RevaluationReserve2023-04-3014044906core:OtherReservesSubtotal2023-04-3014044906core:RetainedEarningsAccumulatedLosses2023-04-3014044906core:ShareCapital2022-04-1214044906core:SharePremium2022-04-1214044906core:RevaluationReserve2022-04-1214044906core:OtherReservesSubtotal2022-04-1214044906core:RetainedEarningsAccumulatedLosses2022-04-1214044906core:LandBuildings2023-04-3014044906core:PlantMachinery2023-04-3014044906core:Vehicles2023-04-3014044906core:FurnitureFittings2023-04-3014044906core:OfficeEquipment2023-04-3014044906core:NetGoodwill2023-04-3014044906core:IntangibleAssetsOtherThanGoodwill2023-04-3014044906core:ListedExchangeTraded2023-04-3014044906core:UnlistedNon-exchangeTraded2023-04-3014044906core:LandBuildings2022-04-1214044906core:PlantMachinery2022-04-1214044906core:Vehicles2022-04-1214044906core:FurnitureFittings2022-04-1214044906core:OfficeEquipment2022-04-1214044906core:NetGoodwill2022-04-1214044906core:IntangibleAssetsOtherThanGoodwill2022-04-1214044906core:ListedExchangeTraded2022-04-1214044906core:UnlistedNon-exchangeTraded2022-04-1214044906core:LandBuildings2022-04-132023-04-3014044906core:PlantMachinery2022-04-132023-04-3014044906core:Vehicles2022-04-132023-04-3014044906core:FurnitureFittings2022-04-132023-04-3014044906core:OfficeEquipment2022-04-132023-04-3014044906core:NetGoodwill2022-04-132023-04-3014044906core:IntangibleAssetsOtherThanGoodwill2022-04-132023-04-3014044906core:ListedExchangeTraded2022-04-132023-04-3014044906core:UnlistedNon-exchangeTraded2022-04-132023-04-3014044906core:MoreThanFiveYears2022-04-132023-04-3014044906core:Non-currentFinancialInstruments2023-04-3014044906core:Non-currentFinancialInstruments2022-04-1214044906dpl:CostSales2022-04-132023-04-3014044906dpl:DistributionCosts2022-04-132023-04-3014044906core:LandBuildings2022-04-132023-04-3014044906core:PlantMachinery2022-04-132023-04-3014044906core:Vehicles2022-04-132023-04-3014044906core:FurnitureFittings2022-04-132023-04-3014044906core:OfficeEquipment2022-04-132023-04-3014044906dpl:AdministrativeExpenses2022-04-132023-04-3014044906core:NetGoodwill2022-04-132023-04-3014044906core:IntangibleAssetsOtherThanGoodwill2022-04-132023-04-3014044906dpl:GroupUndertakings2022-04-132023-04-3014044906dpl:ParticipatingInterests2022-04-132023-04-3014044906dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-132023-04-3014044906core:ListedExchangeTraded2022-04-132023-04-3014044906dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-132023-04-3014044906core:UnlistedNon-exchangeTraded2022-04-132023-04-3014044906dpl:CostSales2022-04-122022-04-1214044906dpl:DistributionCosts2022-04-122022-04-1214044906core:LandBuildings2022-04-122022-04-1214044906core:PlantMachinery2022-04-122022-04-1214044906core:Vehicles2022-04-122022-04-1214044906core:FurnitureFittings2022-04-122022-04-1214044906core:OfficeEquipment2022-04-122022-04-1214044906dpl:AdministrativeExpenses2022-04-122022-04-1214044906core:NetGoodwill2022-04-122022-04-1214044906core:IntangibleAssetsOtherThanGoodwill2022-04-122022-04-1214044906dpl:GroupUndertakings2022-04-122022-04-1214044906dpl:ParticipatingInterests2022-04-122022-04-1214044906dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-122022-04-1214044906core:ListedExchangeTraded2022-04-122022-04-1214044906dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-122022-04-1214044906core:UnlistedNon-exchangeTraded2022-04-122022-04-1214044906core:NetGoodwill2023-04-3014044906core:IntangibleAssetsOtherThanGoodwill2023-04-3014044906core:LandBuildings2023-04-3014044906core:PlantMachinery2023-04-3014044906core:Vehicles2023-04-3014044906core:FurnitureFittings2023-04-3014044906core:OfficeEquipment2023-04-3014044906core:AfterOneYear2023-04-3014044906core:WithinOneYear2023-04-3014044906core:ListedExchangeTraded2023-04-3014044906core:UnlistedNon-exchangeTraded2023-04-3014044906core:ShareCapital2023-04-3014044906core:SharePremium2023-04-3014044906core:RevaluationReserve2023-04-3014044906core:OtherReservesSubtotal2023-04-3014044906core:RetainedEarningsAccumulatedLosses2023-04-3014044906core:NetGoodwill2022-04-1214044906core:IntangibleAssetsOtherThanGoodwill2022-04-1214044906core:LandBuildings2022-04-1214044906core:PlantMachinery2022-04-1214044906core:Vehicles2022-04-1214044906core:FurnitureFittings2022-04-1214044906core:OfficeEquipment2022-04-1214044906core:AfterOneYear2022-04-1214044906core:WithinOneYear2022-04-1214044906core:ListedExc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HEATIO LTD

Registered Number
14044906
(England and Wales)

Unaudited Financial Statements for the Period ended
30 April 2023

HEATIO LTD
Company Information
for the period from 13 April 2022 to 30 April 2023

Directors

BRAMHALL, Jack
FARQUHAR, Thomas Paul
JACKSON, Jessica Helen
MCLOUGHNEY, Dominic
ROBERTS, Simon Peter

Registered Address

Edward Pavilion
Royal Albert Dock
Liverpool
L3 4AF

Registered Number

14044906 (England and Wales)
HEATIO LTD
Balance Sheet as at
30 April 2023

Notes

2023

£

£

Fixed assets
Intangible assets58,065
Tangible assets639,924
47,989
Current assets
Stocks710,011
Debtors814,938
Cash at bank and on hand411,379
436,328
Creditors amounts falling due within one year9(18,553)
Net current assets (liabilities)417,775
Total assets less current liabilities465,764
Net assets465,764
Capital and reserves
Called up share capital1
Share premium564,643
Profit and loss account(98,880)
Shareholders' funds465,764
The financial statements were approved and authorised for issue by the Board of Directors on 2 November 2023, and are signed on its behalf by:
FARQUHAR, Thomas Paul
Director
Registered Company No. 14044906
HEATIO LTD
Notes to the Financial Statements
for the period ended 30 April 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery10
Vehicles10
Office Equipment3
Intangible assets policy
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

2023
Average number of employees during the year2
5.Intangible assets

Other

Total

££
Cost or valuation
Additions8,2098,209
At 30 April 238,2098,209
Amortisation and impairment
Charge for year144144
At 30 April 23144144
Net book value
At 30 April 238,0658,065
At 12 April 22--
6.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
Additions5,99528,7762,8543,19740,822
At 30 April 235,99528,7762,8543,19740,822
Depreciation and impairment
Charge for year50480158210898
At 30 April 2350480158210898
Net book value
At 30 April 235,94528,2962,6962,98739,924
At 12 April 22-----
7.Stocks

2023

£
Other stocks10,011
Total10,011
8.Debtors

2023

£
Trade debtors / trade receivables3,635
Other debtors9,502
Prepayments and accrued income1,801
Total14,938
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

£
Trade creditors / trade payables15,575
Taxation and social security2,778
Accrued liabilities and deferred income200
Total18,553
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.