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Company Registration No. 12920752 (England and Wales)
HPS Heating & Cooling Ltd Unaudited accounts for the year ended 31 October 2023
HPS Heating & Cooling Ltd Unaudited accounts Contents
Page
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HPS Heating & Cooling Ltd Company Information for the year ended 31 October 2023
Director
Joseph Happs
Company Number
12920752 (England and Wales)
Registered Office
4 HAWTHORNE STREET SILSDEN KEIGHLEY BD20 0AU ENGLAND
Accountants
Goodbooks (Skipton) Ltd Duke House Duke Street Skipton North Yorkshire BD23 2HQ
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HPS Heating & Cooling Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,070 
19,663 
Current assets
Debtors
43,602 
19,489 
Cash at bank and in hand
43,597 
5,295 
87,199 
24,784 
Creditors: amounts falling due within one year
(70,816)
(12,443)
Net current assets
16,383 
12,341 
Total assets less current liabilities
29,453 
32,004 
Creditors: amounts falling due after more than one year
- 
(13,549)
Net assets
29,453 
18,455 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
29,452 
18,454 
Shareholders' funds
29,453 
18,455 
For the year ending 31 October 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Joseph Happs Director Company Registration No. 12920752
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HPS Heating & Cooling Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
HPS Heating & Cooling Ltd is a private company, limited by shares, registered in England and Wales, registration number 12920752. The registered office is 4 HAWTHORNE STREET, SILSDEN, KEIGHLEY, BD20 0AU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years
Motor vehicles
4 years
Computer equipment
3 years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
1,709 
23,000 
1,247 
25,956 
At 31 October 2023
1,709 
23,000 
1,247 
25,956 
Depreciation
At 1 November 2022
548 
5,166 
579 
6,293 
Charge for the year
427 
5,750 
416 
6,593 
At 31 October 2023
975 
10,916 
995 
12,886 
Net book value
At 31 October 2023
734 
12,084 
252 
13,070 
At 31 October 2022
1,161 
17,834 
668 
19,663 
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HPS Heating & Cooling Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,602 
19,489 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,155 
7,125 
Trade creditors
4,758 
5,318 
Taxes and social security
12,976 
- 
Loans from directors
38,927 
- 
70,816 
12,443 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
- 
13,549 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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