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REGISTERED NUMBER: 07877358 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HEATWORKS HEATING & PLUMBING LTD

HEATWORKS HEATING & PLUMBING LTD (REGISTERED NUMBER: 07877358)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEATWORKS HEATING & PLUMBING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D Stanton





REGISTERED OFFICE: 39 Longmore Avenue
Woolston
Southampton
Hampshire
SO19 9GA





REGISTERED NUMBER: 07877358 (England and Wales)





ACCOUNTANTS: A & D Accountancy Services
34 Radway Road
Upper Shirley
Southampton
Hampshire
SO15 7PJ

HEATWORKS HEATING & PLUMBING LTD (REGISTERED NUMBER: 07877358)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,550 44,440
32,550 44,440

CURRENT ASSETS
Stocks 5,000 -
Debtors 6 23,653 9,377
Cash at bank 48,826 66,467
77,479 75,844
CREDITORS
Amounts falling due within one year 7 102,460 109,692
NET CURRENT LIABILITIES (24,981 ) (33,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,569

10,592

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 7,568 10,591
SHAREHOLDERS' FUNDS 7,569 10,592

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

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

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 5 March 2024 and were signed by:




D Stanton - Director


HEATWORKS HEATING & PLUMBING LTD (REGISTERED NUMBER: 07877358)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Heatworks Heating & Plumbing Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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.

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 - 20% on cost
Motor vehicles - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

HEATWORKS HEATING & PLUMBING LTD (REGISTERED NUMBER: 07877358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 8,450
AMORTISATION
At 1 January 2023
and 31 December 2023 8,450
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 22,924 59,050 81,974
DEPRECIATION
At 1 January 2023 22,604 14,930 37,534
Charge for year 80 11,810 11,890
At 31 December 2023 22,684 26,740 49,424
NET BOOK VALUE
At 31 December 2023 240 32,310 32,550
At 31 December 2022 320 44,120 44,440

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,153 9,377
Other debtors 8,500 -
23,653 9,377

HEATWORKS HEATING & PLUMBING LTD (REGISTERED NUMBER: 07877358)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,351 26,458
Hire purchase contracts 19,599 26,611
Trade creditors 42,898 36,653
Tax 7,029 -
Social security and other taxes 3,172 3,019
Pension liability 648 648
VAT 3,229 3,946
Directors' current accounts 1,034 10,907
Accrued expenses 1,500 1,450
102,460 109,692

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 January 2023 10,591
Profit for the year 20,127
Dividends (23,150 )
At 31 December 2023 7,568