IRIS Accounts Production v23.3.1.45 SC317133 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3171332022-03-31SC3171332023-03-31SC3171332022-04-012023-03-31SC3171332021-03-31SC3171332021-04-012022-03-31SC3171332022-03-31SC317133ns10:Originalns15:Scotland2022-04-012023-03-31SC317133ns14:PoundSterlingns10:Original2022-04-012023-03-31SC317133ns10:Originalns10:Director12022-04-012023-03-31SC317133ns10:Original2022-04-012023-03-31SC317133ns10:Originalns10:Director22022-04-012023-03-31SC317133ns10:Original2023-03-31SC317133ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC317133ns10:Originalns10:SmallEntities2022-04-012023-03-31SC317133ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC317133ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC317133ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC317133ns10:Originalns10:FullAccounts2022-04-012023-03-31SC317133ns10:CompanySecretary1ns10:Original2022-04-012023-03-31SC317133ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC317133ns10:Original2022-03-31SC317133ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC317133ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC317133ns10:Originalns5:Non-currentFinancialInstruments2023-03-31SC317133ns10:Originalns5:Non-currentFinancialInstruments2022-03-31SC317133ns5:ShareCapitalns10:Original2023-03-31SC317133ns5:ShareCapitalns10:Original2022-03-31SC317133ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31SC317133ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC317133ns10:Originalns5:PlantMachinery2022-04-012023-03-31SC317133ns10:Original2021-04-012022-03-31SC317133ns10:Originalns5:PlantMachinery2022-03-31SC317133ns10:Originalns5:PlantMachinery2023-03-31SC317133ns10:Originalns5:PlantMachinery2022-03-31SC317133ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-31SC317133ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-012023-03-31SC317133ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31SC317133ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-31SC317133ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC317133ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31SC317133ns10:Original1ns10:Director12022-03-31SC317133ns10:Original1ns10:Director12021-03-31SC317133ns10:Original1ns10:Director12022-04-012023-03-31SC317133ns10:Original1ns10:Director12021-04-012022-03-31SC317133ns10:Original1ns10:Director12023-03-31SC317133ns10:Original1ns10:Director12022-03-31SC317133ns10:Originalns10:Director222022-03-31SC317133ns10:Originalns10:Director222021-03-31SC317133ns10:Originalns10:Director222022-04-012023-03-31SC317133ns10:Originalns10:Director222021-04-012022-03-31SC317133ns10:Originalns10:Director222023-03-31SC317133ns10:Originalns10:Director222022-03-31
REGISTERED NUMBER: SC317133 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Abercorn Heating Limited

Abercorn Heating Limited (Registered number: SC317133)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abercorn Heating Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Brooks
P Bryan





SECRETARY: P Bryan





REGISTERED OFFICE: 107 Abercorn Street
Abercorn Industrial Estate
Paisley
Renfrewshire
PA3 4AT





REGISTERED NUMBER: SC317133 (Scotland)





ACCOUNTANTS: Messrs. Henderson & Company
Chartered Accountants
73 Union Street
Greenock
PA16 8BG

Abercorn Heating Limited (Registered number: SC317133)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,605 29,633

CURRENT ASSETS
Stocks 30,000 25,000
Debtors 5 225,128 253,434
Cash at bank and in hand 32,133 65,857
287,261 344,291
CREDITORS
Amounts falling due within one year 6 289,147 336,774
NET CURRENT (LIABILITIES)/ASSETS (1,886 ) 7,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,719

37,150

CREDITORS
Amounts falling due after more than one
year

7

(15,806

)

(24,019

)

PROVISIONS FOR LIABILITIES (4,295 ) (5,630 )
NET ASSETS 618 7,501

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 616 7,499
618 7,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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.

Abercorn Heating Limited (Registered number: SC317133)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




M Brooks - Director



P Bryan - Director


Abercorn Heating Limited (Registered number: SC317133)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Abercorn Heating Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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 etc - 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Abercorn Heating Limited (Registered number: SC317133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 107,492
Additions 3,590
At 31 March 2023 111,082
DEPRECIATION
At 1 April 2022 77,859
Charge for year 10,618
At 31 March 2023 88,477
NET BOOK VALUE
At 31 March 2023 22,605
At 31 March 2022 29,633

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 44,859
DEPRECIATION
At 1 April 2022 20,910
Charge for year 8,973
Reclassification/transfer (2,963 )
At 31 March 2023 26,920
NET BOOK VALUE
At 31 March 2023 17,939
At 31 March 2022 23,949

Abercorn Heating Limited (Registered number: SC317133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 206,957 238,553
Other debtors 18,171 14,881
225,128 253,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,212 8,212
Trade creditors 226,567 276,639
Taxation and social security 44,273 41,780
Other creditors 10,095 10,143
289,147 336,774

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 15,806 24,019

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
M Brooks
Balance outstanding at start of year - -
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -

P Bryan
Balance outstanding at start of year - -
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -