2022-04-012023-03-312023-03-31false09494372Heatmaster (Hull) 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Heatmaster (Hull) Limited

Registered Number
09494372
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Heatmaster (Hull) Limited
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

M C Bristow

Registered Address

8 Spring Gardens
Anlaby Common
Hull
HU4 7QQ

Registered Number

09494372 (England and Wales)
Heatmaster (Hull) Limited
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets78,3039,737
8,3039,737
Current assets
Debtors84,8844,610
Cash at bank and on hand1,2411,350
6,1255,960
Creditors amounts falling due within one year9(1,827)(4,911)
Net current assets (liabilities)4,2981,049
Total assets less current liabilities12,60110,786
Creditors amounts falling due after one year10-(1,903)
Provisions for liabilities11(1,578)-
Net assets11,0238,883
Capital and reserves
Called up share capital100100
Profit and loss account10,9238,783
Shareholders' funds11,0238,883
The financial statements were approved and authorised for issue by the Director on 1 November 2023, and are signed on its behalf by:
M C Bristow
Director
Registered Company No. 09494372
Heatmaster (Hull) Limited
Notes to the Financial Statements
for the year ended 31 March 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.Principal activities
The principal activity of the company is plumbing.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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 machinery4
Fixtures and fittings4
Office Equipment4
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Government grants and other government assistance policy
Grants relating to revenue are recognised in the profit and loss on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

20232022
Average number of employees during the year21
7.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 221,15911,9941,63814,791
Additions1,969-5202,489
At 31 March 233,12811,9942,15817,280
Depreciation and impairment
At 01 April 222044,7481025,054
Charge for year4822,9994423,923
At 31 March 236867,7475448,977
Net book value
At 31 March 232,4424,2471,6148,303
At 31 March 229557,2461,5369,737
8.Debtors

2023

2022

££
Trade debtors / trade receivables4,8843,830
Other debtors-780
Total4,8844,610
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Bank borrowings and overdrafts-1,527
Amounts owed to related parties92,676
Taxation and social security750-
Other creditors1697
Accrued liabilities and deferred income899701
Total1,8274,911
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. Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £nil (2022 £1,527) which is denominated in sterling. This has now been fully repaid. The overall carrying value of the loan as at the year-end is £nil (2022 £3,430).
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts-1,903
Total-1,903
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. Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £nil (2022 £1,903) which is denominated in sterling. This has now been fully repaid. The overall carrying value of the loan as at the year-end is £nil (2022 £3,430).
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,578-
Total1,578-