08540780falsePlumbing, heat and air-conditioning installation2022-07-012023-06-30http://www.companieshouse.gov.uk/2022-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2022-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-06-30http://www.companieshouse.gov.uk/cd:Director12022-07-012023-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-06-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-07-012023-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-07-012023-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-07-012023-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-06-30http://www.companieshouse.gov.uk/2022-07-012023-06-30http://www.companieshouse.gov.uk/2022-06-30http://www.companieshouse.gov.uk/cd:FRS1022022-07-012023-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-07-012023-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-07-012023-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08540780

J G Heating Solutions Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

J G Heating Solutions Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
John Glendinning
REGISTERED OFFICE
Glenholme
The Butts
Alston
Cumbria
CA9 3JU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08540780
BANKERS
HSBC Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

J G Heating Solutions Limited

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

J G Heating Solutions Limited

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets35,8906,160
CURRENT ASSETS
Stock2,7005,100
Debtors528,29538,967
Cash at bank and in hand2,06221,147
33,05765,214
CREDITORS: Amounts falling due within one year624,67573,259
NET CURRENT ASSETS / (LIABILITIES)8,382(8,045)
TOTAL ASSETS LESS CURRENT LIABILITIES14,272(1,885)
CREDITORS: Amounts falling due after more than one year722,101-
NET LIABILITIES(7,829)(1,885)
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(7,830)(1,886)
SHAREHOLDERS' FUNDS(7,829)(1,885)
For the year ending 30/06/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/03/2023 and signed on their behalf by
.............................
John Glendinning
Director

J G Heating Solutions Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees1-

J G Heating Solutions Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/07/2022-13,8507,02320,873
Additions1,200--1,200
At 30/06/20231,20013,8507,02322,073
Depreciation
At 01/07/2022-11,3853,32814,713
For the year3006165541,470
At 30/06/202330012,0013,88216,183
Net Book Amounts
At 30/06/20239001,8493,1415,890
At 30/06/2022-2,4653,6956,160
4. STOCK 20232022
££
Stock comprises:
Stock2,7005,100
2,7005,100
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7,02412,817
Directors current account21,27126,150
28,29538,967
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax6,41012,334
VAT9543,181
Bank loan (unsecured)3,32628,752
Trade creditors13,08528,092
Accruals900900
24,67573,259

J G Heating Solutions Limited

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr22,101-
22,101-
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Class B shares of £1 each11
11
9. RELATED PARTY TRANSACTIONS
The director was paid a salary of £9,096 (2022 - £8,844) during the year.
Dividends of £33,000 (2022 - £33,000) were paid to the director during the year
At 30 June 2022 the director owed £21,271 to the company (2022 - £26,150). The loan is unsecured, interest free and repayable
10. GOING CONCERN
At the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the director that they will continue to give financial support to the company for the twelve months from the date of signing these financial statements.