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Registered number: 07286316
Highsted Heating Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sothertons Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07286316
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,328 30,887
25,328 30,887
CURRENT ASSETS
Debtors 5 5,000 4,958
Cash at bank and in hand 306 9,884
5,306 14,842
Creditors: Amounts Falling Due Within One Year 6 (43,163 ) (44,958 )
NET CURRENT ASSETS (LIABILITIES) (37,857 ) (30,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,529 ) 771
NET (LIABILITIES)/ASSETS (12,529 ) 771
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (13,529 ) (229 )
SHAREHOLDERS' FUNDS (12,529) 771
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William BURTON
Director
Mrs DAWN BURTON
Director
08/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Highsted Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07286316 . The registered office is Tamarisk Highsted Valley, Rodmersham, Sittingbourne, Kent, ME9 0AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18%
Motor Vehicles 18%
Fixtures & Fittings 18%
Computer Equipment 18%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 15,430 40,888 655 56,973
As at 31 March 2024 15,430 40,888 655 56,973
Depreciation
As at 1 April 2023 9,710 15,855 521 26,086
Provided during the period 1,029 4,506 24 5,559
As at 31 March 2024 10,739 20,361 545 31,645
Net Book Value
As at 31 March 2024 4,691 20,527 110 25,328
As at 1 April 2023 5,720 25,033 134 30,887
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,912 2,870
Other debtors 2,088 2,088
5,000 4,958
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (2 )
Bank loans and overdrafts 35,612 39,313
VAT 2,257 4,613
Other creditors - 84
Accruals and deferred income 950 950
Directors' loan accounts 4,344 -
43,163 44,958
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4