Edrington Heating Limited 08816629 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the operation of a biomass boiler supplying heating Digita Accounts Production Advanced 6.30.9574.0 true 08816629 2023-01-01 2023-12-31 08816629 2023-12-31 08816629 core:CurrentFinancialInstruments 2023-12-31 08816629 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08816629 core:Non-currentFinancialInstruments 2023-12-31 08816629 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08816629 core:OtherPropertyPlantEquipment 2023-12-31 08816629 bus:SmallEntities 2023-01-01 2023-12-31 08816629 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08816629 bus:FullAccounts 2023-01-01 2023-12-31 08816629 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08816629 bus:RegisteredOffice 2023-01-01 2023-12-31 08816629 bus:Director1 2023-01-01 2023-12-31 08816629 bus:Director2 2023-01-01 2023-12-31 08816629 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08816629 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08816629 core:PlantMachinery 2023-01-01 2023-12-31 08816629 core:OtherRelatedParties 2023-01-01 2023-12-31 08816629 countries:EnglandWales 2023-01-01 2023-12-31 08816629 2022-12-31 08816629 core:OtherPropertyPlantEquipment 2022-12-31 08816629 2022-01-01 2022-12-31 08816629 2022-12-31 08816629 core:CurrentFinancialInstruments 2022-12-31 08816629 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08816629 core:Non-currentFinancialInstruments 2022-12-31 08816629 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 08816629 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08816629

Edrington Heating Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Edrington Heating Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Edrington Heating Limited

Company Information

Directors

Mr Graham Stuart Hutton

Mrs Amanda Jane Hutton

Registered office

27 Wellington Square
London
SW3 4NR

Accountants

ReesRussell LLP
Chartered Accountants
37 Market Square
Witney
Oxfordshire
OX28 6RE

 

Edrington Heating Limited

(Registration number: 08816629)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

80,544

88,598

Current assets

 

Stocks

6

800

800

Debtors

7

3,750

4,457

Cash at bank and in hand

 

5,898

19,945

 

10,448

25,202

Creditors: Amounts falling due within one year

8

(1,504)

(5,850)

Net current assets

 

8,944

19,352

Total assets less current liabilities

 

89,488

107,950

Creditors: Amounts falling due after more than one year

8

(54,663)

(64,663)

Net assets

 

34,825

43,287

Capital and reserves

 

Called up share capital

1

1

Retained earnings

34,824

43,286

Shareholders' funds

 

34,825

43,287

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 April 2024 and signed on its behalf by:
 

Mr Graham Stuart Hutton
Director

 

Edrington Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Wellington Square
London
SW3 4NR

These financial statements were authorised for issue by the Board on 3 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

straight line over 20 years

 

Edrington Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Edrington Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

8,054

8,054

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

161,088

161,088

At 31 December 2023

161,088

161,088

Depreciation

At 1 January 2023

72,490

72,490

Charge for the year

8,054

8,054

At 31 December 2023

80,544

80,544

Carrying amount

At 31 December 2023

80,544

80,544

At 31 December 2022

88,598

88,598

6

Stocks

2023
£

2022
£

Other inventories

800

800

7

Debtors

Current

2023
£

2022
£

Trade debtors

3,486

3,178

Prepayments

-

682

Other debtors

264

597

 

3,750

4,457

 

Edrington Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

118

4,590

Accruals and deferred income

1,386

1,260

1,504

5,850

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

54,663

64,663

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Directors Loan Accounts

54,663

64,663

10

Related party transactions

Summary of transactions with other related parties

Graham and Amanda Hutton
 Included within the turnover is £10,025 (2022 - £11,062) invoiced to and paid by the directors, Graham and Amanda Hutton, for the supply of heating.