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REGISTERED NUMBER: 02793029 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Home Comfort Heating Limited

Home Comfort Heating Limited (Registered number: 02793029)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

Home Comfort Heating Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: Mrs K D Comfort
G Comfort





SECRETARY: Mrs K D Comfort





REGISTERED OFFICE: 9 Muscovy Way
Herne Bay
Kent
CT6 5RR





REGISTERED NUMBER: 02793029 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Home Comfort Heating Limited (Registered number: 02793029)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,201 10,898
8,201 10,898

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 42,292 14,614
Cash at bank and in hand 29,955 103,375
74,747 120,489
CREDITORS
Amounts falling due within one year 7 52,338 94,732
NET CURRENT ASSETS 22,409 25,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,610

36,655

CREDITORS
Amounts falling due after more than one
year

8

(29,167

)

(34,723

)

PROVISIONS FOR LIABILITIES (1,441 ) (1,928 )
NET ASSETS 2 4

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings - 2
SHAREHOLDERS' FUNDS 2 4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Home Comfort Heating Limited (Registered number: 02793029)

Balance Sheet - continued
29 February 2024


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 28 March 2024 and were signed on its behalf by:




G Comfort - Director



Mrs K D Comfort - Director


Home Comfort Heating Limited (Registered number: 02793029)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Home Comfort 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 etc - 25% on reducing balance and 20% 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.

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.

Home Comfort Heating Limited (Registered number: 02793029)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


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 year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 2,196
AMORTISATION
At 1 March 2023
and 29 February 2024 2,196
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 83,013
DEPRECIATION
At 1 March 2023 72,115
Charge for year 2,697
At 29 February 2024 74,812
NET BOOK VALUE
At 29 February 2024 8,201
At 28 February 2023 10,898

Home Comfort Heating Limited (Registered number: 02793029)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,604 848
Directors' current accounts 38,688 13,766
42,292 14,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 1,453 -
Tax 17,192 23,022
Social security and other taxes (1 ) 5,420
PAYE/NIC control 2,229 -
Pensions control 369 -
VAT 13,018 8,449
Company Credit Card 12,522 15,545
Accruals and deferred income - 36,740
52,338 94,732

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 6,944 12,500
29,167 34,723

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,944 12,500

Home Comfort Heating Limited (Registered number: 02793029)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mrs K D Comfort
Balance outstanding at start of year 6,883 11,422
Amounts advanced 19,344 6,883
Amounts repaid (6,883 ) (11,422 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,344 6,883

G Comfort
Balance outstanding at start of year 6,883 11,421
Amounts advanced 19,344 6,883
Amounts repaid (6,883 ) (11,421 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,344 6,883

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Home Comfort Heating Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Home Comfort Heating Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Home Comfort Heating Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Home Comfort Heating Limited and state those matters that we have agreed to state to the Board of Directors of Home Comfort Heating Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Home Comfort Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Home Comfort Heating Limited. You consider that Home Comfort Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Home Comfort Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


2 April 2024