Company Registration No. 13180126 (England and Wales)
D.R. Heating Solutions Ltd
Unaudited accounts
for the year ended 28 February 2023
D.R. Heating Solutions Ltd
Unaudited accounts
Contents
D.R. Heating Solutions Ltd
Company Information
for the year ended 28 February 2023
Directors
Richard James
Drew Downie
Company Number
13180126 (England and Wales)
Registered Office
MILLENNIUM HOUSE
LONDON ROAD
EAST GRINSTEAD
WEST SUSSEX
RH19 1QE
ENGLAND
Accountants
M&T Accounting Limited
24 Great Lime Kilns
Southwater
Horsham
West Sussex
RH13 9JL
D.R. Heating Solutions Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
2,852
1,642
Cash at bank and in hand
16,936
38,351
Creditors: amounts falling due within one year
(42,511)
(46,764)
Net current (liabilities)/assets
(1,073)
7,807
Total assets less current liabilities
1,779
9,449
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
966
9,037
Shareholders' funds
1,066
9,137
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
Richard James
Director
Company Registration No. 13180126
D.R. Heating Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2023
D.R. Heating Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13180126. The registered office is MILLENNIUM HOUSE, LONDON ROAD, EAST GRINSTEAD, WEST SUSSEX, RH19 1QE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 Years straightline
Computer equipment
3 Years straightline
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
D.R. Heating Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
761
1,249
2,010
At 28 February 2023
2,880
1,249
4,129
At 1 March 2022
21
347
368
Charge for the year
493
416
909
At 28 February 2023
514
763
1,277
At 28 February 2023
2,366
486
2,852
At 28 February 2022
740
902
1,642
Amounts falling due within one year
Trade debtors
16,399
15,872
Accrued income and prepayments
1,343
-
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
17,756
17,606
Taxes and social security
24,261
26,299
Loans from directors
-
2,559
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
D.R. Heating Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
-
1,163
-
1,163
Director's Loan
-
1,088
-
1,088
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).