Registered Number:05466356 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Living Heat Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Living Heat Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
151,150
171,791
2
480,000
480,000
3
631,150
651,791
204,796
205,563
4
Trade and other receivables |
23,546
64,419
5
329,620
Cash and cash equivalents |
47,855
317,837
557,962
Trade and other payables: amounts falling due within one |
year |
(391,902)
(244,303)
6
166,060
73,534
Net current assets
Total assets less current liabilities |
704,684
817,851
(20,667)
(19,987)
Provisions for liabilities |
684,017
Net assets
797,864
100
100
(31,678)
(31,678)
7
715,595
829,442
684,017
797,864
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 13 September 2023 and were signed by: |
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For the year ended 31 March 2023
Living Heat Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2023
Living Heat Limited
Notes to the Financial Statements
Statutory Information
Living Heat Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 05466356. |
104 Barton Road
Torquay
Devon
TQ2 7NY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2023
Living Heat Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
352,223
152,262
199,961
19,200
19,200
-
199,961
171,462
371,423
Provision for depreciation and impairment |
180,432
92,392
88,040
Charge for year
39,841
11,861
27,980
220,273
104,253
116,020
83,941
67,209
151,150
111,921
59,870
171,791
3. Investments held as fixed assets |
480,000
480,000
480,000
480,000
480,000
480,000
480,000
480,000
2022
2023
205,563
204,796
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For the year ended 31 March 2023
Living Heat Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
3,789
1,391
Amounts owed by group undertakings and participating interests |
3,885
-
56,745
22,155
23,546
64,419
6. Trade and other payables: amounts falling due within one year |
2022
2023
2,578
-
44,722
5,405
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
25,000
(3,295)
Taxation and social security |
168,159
93,699
3,844
296,093
244,303
391,902
Revaluation reserve at 01 April 2022 |
(31,678)
(31,678)
Revaluation reserve at 31 March 2023 |
8. Related party transactions |
The company was under the control of Mr A Knight during this year.
9. Average number of persons employed |
During the year the average number of employees was 12 (2022 : 12)
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