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REGISTERED NUMBER: 11556074 (England and Wales)















D&R HEATING SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2023






D&R HEATING SERVICES LTD (REGISTERED NUMBER: 11556074)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


D&R HEATING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5TH APRIL 2023







DIRECTORS: Mr B T Donovan
Mr L J Reeves



REGISTERED OFFICE: Unit 2 Manor Hill Farm
Purton
SWINDON
Wiltshire
SN5 4EG



REGISTERED NUMBER: 11556074 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: Lloyds TSB Bank Plc
Oldham
Birmingham
B26 3JW

D&R HEATING SERVICES LTD (REGISTERED NUMBER: 11556074)

STATEMENT OF FINANCIAL POSITION
5TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,536 67,664

CURRENT ASSETS
Stocks 8,443 3,535
Debtors 5 180,282 106,096
Cash at bank 108,612 219,032
297,337 328,663
CREDITORS
Amounts falling due within one year 6 131,361 158,275
NET CURRENT ASSETS 165,976 170,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,512

238,052

CREDITORS
Amounts falling due after more than
one year

7

(50,554

)

(27,791

)

PROVISIONS FOR LIABILITIES (33,038 ) (12,856 )
NET ASSETS 217,920 197,405

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 217,918 197,403
SHAREHOLDERS' FUNDS 217,920 197,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th 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.

D&R HEATING SERVICES LTD (REGISTERED NUMBER: 11556074)

STATEMENT OF FINANCIAL POSITION - continued
5TH APRIL 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 Board of Directors and authorised for issue on 10th November 2023 and were signed on its behalf by:





Mr L J Reeves - Director


D&R HEATING SERVICES LTD (REGISTERED NUMBER: 11556074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2023


1. STATUTORY INFORMATION

D&R Heating Services Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11556074

Registered office: Unit 2 Manor Hill Farm, Purton, Swindon, SN5 4EG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

D&R HEATING SERVICES LTD (REGISTERED NUMBER: 11556074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 7 (2022 - 2 ) .

D&R HEATING SERVICES LTD (REGISTERED NUMBER: 11556074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6th April 2022 87,432
Additions 92,408
At 5th April 2023 179,840
DEPRECIATION
At 6th April 2022 19,768
Charge for year 24,536
At 5th April 2023 44,304
NET BOOK VALUE
At 5th April 2023 135,536
At 5th April 2022 67,664


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 166,102 96,396
Other debtors 14,180 9,700
180,282 106,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 23,715 12,765
Trade creditors 51,321 91,316
Taxation and social security 46,506 49,392
Other creditors 9,819 4,802
131,361 158,275

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 50,554 27,791

D&R HEATING SERVICES LTD (REGISTERED NUMBER: 11556074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 23,715 12,765
Between one and five years 50,554 27,791
74,269 40,556

Non-cancellable operating leases
2023 2022
£    £   
Within one year 24,864 16,080
Between one and five years 15,645 3,177
40,509 19,257

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 74,269 40,556

The hire purchase liability is secured upon the assets on which finance was obtained.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2