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REGISTERED NUMBER: 05567280 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023

FOR

NORMANS HEATING LIMITED

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORMANS HEATING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023







DIRECTOR: Mr D Staples





SECRETARY: Mrs E C Gillion





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: The Calf Shed
Court Farm
Ringwood Road
Christchurch
Dorset
BH23 7BG





REGISTERED NUMBER: 05567280 (England and Wales)





ACCOUNTANTS: Casson Beckman Business and Tax Advisers Limited
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,713 150,465

CURRENT ASSETS
Stocks 48,000 48,000
Debtors 5 114,645 142,115
Cash at bank and in hand 117,059 137,033
279,704 327,148
CREDITORS
Amounts falling due within one year 6 232,158 230,240
NET CURRENT ASSETS 47,546 96,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,259

247,373

CREDITORS
Amounts falling due after more than one
year

7

(112,320

)

(176,365

)

PROVISIONS FOR LIABILITIES (36,234 ) (27,464 )
NET ASSETS 2,705 43,544

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,705 42,544
SHAREHOLDERS' FUNDS 2,705 43,544

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2024 and were signed by:





Mr D Staples - Director


NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023


1. STATUTORY INFORMATION

Normans Heating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for heating and plumbing services.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 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 period was 21 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 21,684 6,239 244,390 13,138 285,451
Additions 2,487 1,430 54,439 698 59,054
Disposals - - (51,995 ) - (51,995 )
At 31 July 2023 24,171 7,669 246,834 13,836 292,510
DEPRECIATION
At 1 July 2022 15,470 4,967 104,293 10,256 134,986
Charge for period 3,140 1,188 60,223 2,259 66,810
Eliminated on disposal - - (12,999 ) - (12,999 )
At 31 July 2023 18,610 6,155 151,517 12,515 188,797
NET BOOK VALUE
At 31 July 2023 5,561 1,514 95,317 1,321 103,713
At 30 June 2022 6,214 1,272 140,097 2,882 150,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 102,802 135,409
Amounts owed by associates 1,500 -
Other debtors 10,343 6,706
114,645 142,115

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,818 29,818
Hire purchase contracts (see note 8) 42,505 23,984
Trade creditors 43,919 77,544
Taxation and social security 104,611 83,111
Other creditors 11,305 15,783
232,158 230,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 57,653 89,395
Other creditors 54,667 86,970
112,320 176,365

8. LEASING AGREEMENTS

At the end of the accounting period the company was committed, under a non-cancellable operating licence, to future payments of £13,000 (2022 £12,000).

9. SECURED DEBTS

Hire purchase liabilities are secured on the assets to which they relate.

10. ACCOUNTING PERIOD

The company's year end has been extended to a 13 month period ending July 2023 per the company's strategic planning.