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STONECOT HEATING SERVICES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023






STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONECOT HEATING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: G R D Camoccio





REGISTERED OFFICE: 690 London Road
Sutton
Surrey
SM3 9BY





REGISTERED NUMBER: 04364181 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

BALANCE SHEET
31ST JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,956 179,750

CURRENT ASSETS
Stocks 75,000 75,000
Debtors 5 24,706 18,258
Cash at bank and in hand 541 638
100,247 93,896
CREDITORS
Amounts falling due within one year 6 144,926 119,901
NET CURRENT LIABILITIES (44,679 ) (26,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,277

153,745

CREDITORS
Amounts falling due after more than one
year

7

(80,274

)

(98,312

)

PROVISIONS FOR LIABILITIES - (3,798 )
NET ASSETS 49,003 51,635

CAPITAL AND RESERVES
Called up share capital 8 99 99
Retained earnings 9 48,904 51,536
SHAREHOLDERS' FUNDS 49,003 51,635

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

BALANCE SHEET - continued
31ST JANUARY 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 director and authorised for issue on 25th February 2024 and were signed by:





G R D Camoccio - Director


STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

Stonecot Heating Services 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 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.
Long leasehold - Over the estimated life of the property
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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. In the opinion of the directors, the losses will reverse in the near future and so a provision has been made for the Corporation tax asset on the loss carried forward.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2022
and 31st January 2023 158,174 8,251 24,000 11,517 201,942
DEPRECIATION
At 1st February 2022 1,600 6,903 2,476 11,213 22,192
Charge for year - 337 5,381 76 5,794
At 31st January 2023 1,600 7,240 7,857 11,289 27,986
NET BOOK VALUE
At 31st January 2023 156,574 1,011 16,143 228 173,956
At 31st January 2022 156,574 1,348 21,524 304 179,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 10,933 12,542
Other debtors 13,773 5,716
24,706 18,258

Deferred tax asset
31.1.23
£   
Accelerated capital allowances (3,303 )
Tax losses carried forward 8,415
5,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 20,426 12,650
Trade creditors 97,574 89,780
Taxation and social security 23,931 14,726
Other creditors 2,995 2,745
144,926 119,901

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 59,601 75,317
Amounts owed to associates 20,673 22,995
80,274 98,312

STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,642 7,358

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
99 Ordinary £1 99 99

9. RESERVES
Retained
earnings
£   

At 1st February 2022 51,536
Deficit for the year (2,632 )
At 31st January 2023 48,904

10. ULTIMATE CONTROLLING PARTY

Control of the company lies with Gary Camoccio by virtue of his holding 66% of the issued share capital.