SCOT-HEAT PLUMBING & HEATING LIMITED

Company Registration Number:
SC294901 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

SCOT-HEAT PLUMBING & HEATING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

SCOT-HEAT PLUMBING & HEATING LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Current assets
Stocks: 7,285 7,028
Debtors:   4,437 2,818
Cash at bank and in hand: 10,001 15,066
Total current assets: 21,723 24,912
Creditors: amounts falling due within one year:   (21,480) (24,478)
Net current assets (liabilities): 243 434
Total assets less current liabilities: 243 434
Total net assets (liabilities): 243 434
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 242 433
Shareholders funds: 243 434

The notes form part of these financial statements

SCOT-HEAT PLUMBING & HEATING LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 April 2024
and signed on behalf of the board by:

Name: S McAllister
Status: Director

The notes form part of these financial statements

SCOT-HEAT PLUMBING & HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Property, plant and equipmentTangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant and machinery - 25% Reducing balance

Intangible fixed assets and amortisation policy

GoodwillGoodwill, being the amount paid in connection with the acquisition of a business in 2005, was amortised evenly over its estimated useful life of 10 years.

Other accounting policies

InventoriesStocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.

SCOT-HEAT PLUMBING & HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 4 4

SCOT-HEAT PLUMBING & HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Loans to directors

Name of director receiving advance or credit: S McAllister
Description of the loan: Loan from director
£
Balance at 01 January 2023 3,717
Advances or credits made: 26
Balance at 31 December 2023 3,743

The loan is interest free and repayable on demand.