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REGISTERED NUMBER: 01168765 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

1a Autoheat Limited

1a Autoheat Limited (Registered number: 01168765)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1a Autoheat Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S R Mawer
K J Tayler





REGISTERED OFFICE: Unit 29 New Forest Enterprise Centre
Totton
Southampton
SO40 9LA





REGISTERED NUMBER: 01168765 (England and Wales)





ACCOUNTANTS: BJT Accountants Limited
Wessex House
Upper Market Street
Eastleigh
Hampshire
SO50 9FD

1a Autoheat Limited (Registered number: 01168765)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,044 9,540
Investments 5 100 100
9,144 9,640

CURRENT ASSETS
Stocks 8,727 9,917
Debtors 6 687,466 683,259
Cash at bank and in hand 73,416 139,855
769,609 833,031
CREDITORS
Amounts falling due within one year 7 129,788 159,196
NET CURRENT ASSETS 639,821 673,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

648,965

683,475

CREDITORS
Amounts falling due after more than
one year

8

(19,206

)

(30,400

)

PROVISIONS FOR LIABILITIES (36,000 ) (44,000 )
NET ASSETS 593,759 609,075

1a Autoheat Limited (Registered number: 01168765)

Balance Sheet - continued
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9,300 9,300
Capital redemption reserve 40 40
Retained earnings 584,419 599,735
593,759 609,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 22 February 2024 and were signed on its behalf by:




S R Mawer - Director



K J Tayler - Director


1a Autoheat Limited (Registered number: 01168765)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

1a Autoheat Limited is a private company, limited by shares , registered in England and Wales. 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 FRS 102 The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


1a Autoheat Limited (Registered number: 01168765)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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
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.

Government grants
Business Interruption Payment (BIP) under the Coronavirus Business Interruption Loan and BounceBackLoan scheme:

The BIP is payable in respect of the loan interest for the first 12 months, together with any
related fees. The accrual model has been used to recognise the income on a systematic basis over the periods in which the related finance costs are incurred. The company has also benefited from the UK government's provision of security for 100% of the loan.

Coronavirus Job Retention Scheme: the accrual model has been used to recognise the grant on a systematic basis over the periods in which the related staff costs are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

1a Autoheat Limited (Registered number: 01168765)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 2,624 6,672 6,228 15,524
Additions 1,410 129 - 1,539
At 30 June 2023 4,034 6,801 6,228 17,063
DEPRECIATION
At 1 July 2022 1,425 2,442 2,117 5,984
Charge for year 318 690 1,027 2,035
At 30 June 2023 1,743 3,132 3,144 8,019
NET BOOK VALUE
At 30 June 2023 2,291 3,669 3,084 9,044
At 30 June 2022 1,199 4,230 4,111 9,540

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 27,343 16,575
Amounts owed by group undertakings 637,243 637,243
Other debtors 22,880 29,441
687,466 683,259

Include in other debtors above is £5,527 (2022: £20,753) in respect of prepayments and accrued income.

1a Autoheat Limited (Registered number: 01168765)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 9,960 9,600
Trade creditors 36,511 55,848
Amounts owed to group undertakings 100 100
Taxation and social security 68,902 76,821
Other creditors 14,315 16,827
129,788 159,196

Include in other creditors above is £8,823 (2022: £8,822) in respect of accruals and deferred income.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 19,206 30,400

9. ULTIMATE CONTROLLING PARTY

The controlling party is Gascare (Southampton) Limited.

Gascare (Southampton) Limited, a company registered in England and Wales, is the parent company