7 false false false false false false false false false false false false false false false false true No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP OC304876 2023-02-01 2024-03-31 OC304876 2024-03-31 OC304876 2023-01-31 OC304876 2022-02-01 2023-01-31 OC304876 2023-01-31 OC304876 2022-01-31 OC304876 core:PlantMachinery 2023-02-01 2024-03-31 OC304876 core:MotorVehicles 2023-02-01 2024-03-31 OC304876 core:PlantMachinery 2023-01-31 OC304876 core:MotorVehicles 2023-01-31 OC304876 core:PlantMachinery 2024-03-31 OC304876 core:MotorVehicles 2024-03-31 OC304876 core:WithinOneYear 2024-03-31 OC304876 core:WithinOneYear 2023-01-31 OC304876 core:PlantMachinery 2023-01-31 OC304876 core:MotorVehicles 2023-01-31 OC304876 bus:Director1 2023-02-01 2024-03-31 OC304876 bus:SmallEntities 2023-02-01 2024-03-31 OC304876 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-03-31 OC304876 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-03-31 OC304876 bus:LimitedLiabilityPartnershipLLP 2023-02-01 2024-03-31 OC304876 bus:FullAccounts 2023-02-01 2024-03-31
REGISTERED NUMBER: OC304876
Heatec (Herts) LLP
Filleted Unaudited Financial Statements
31 March 2024
Heatec (Herts) LLP
Statement of Financial Position
31 March 2024
31 Mar 24
31 Jan 23
Note
£
£
Fixed assets
Tangible assets
4
45,029
48,503
Current assets
Debtors
5
32,176
45,616
Cash at bank and in hand
168,362
108,623
---------
---------
200,538
154,239
Creditors: amounts falling due within one year
6
26,721
24,288
---------
---------
Net current assets
173,817
129,951
---------
---------
Total assets less current liabilities
218,846
178,454
---------
---------
Net assets
218,846
178,454
---------
---------
Represented by:
Loans and other debts due to members
Other amounts
7
217,846
177,454
Members' other interests
Members' capital classified as equity
1,000
1,000
Other reserves
---------
---------
218,846
178,454
---------
---------
Total members' interests
Loans and other debts due to members
7
217,846
177,454
Members' other interests
1,000
1,000
---------
---------
218,846
178,454
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
For the period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
Heatec (Herts) LLP
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the members and authorised for issue on 30 July 2024 , and are signed on their behalf by:
P Lovick
Registered number: OC304876
Heatec (Herts) LLP
Notes to the Financial Statements
Period from 1 February 2023 to 31 March 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is 11 St Margarets Road, Stanstead Abbots, SG12 8EP, Hertfordshire.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Defined contribution plans
The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.
3.
Employee numbers
The average number of persons employed by the LLP during the period, including the members with contracts of employment, amounted to 7 (2023: 7 ).
4.
Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 February 2023
6,015
164,456
170,471
Additions
15,295
15,295
Disposals
( 792)
( 10,896)
( 11,688)
-------
---------
---------
At 31 March 2024
5,223
168,855
174,078
-------
---------
---------
Depreciation
At 1 February 2023
5,177
116,791
121,968
Charge for the period
235
18,307
18,542
Disposals
( 759)
( 10,702)
( 11,461)
-------
---------
---------
At 31 March 2024
4,653
124,396
129,049
-------
---------
---------
Carrying amount
At 31 March 2024
570
44,459
45,029
-------
---------
---------
At 31 January 2023
838
47,665
48,503
-------
---------
---------
5.
Debtors
31 Mar 24
31 Jan 23
£
£
Trade debtors
29,889
35,686
Other debtors
2,287
9,930
--------
--------
32,176
45,616
--------
--------
6. Creditors: amounts falling due within one year
31 Mar 24
31 Jan 23
£
£
Trade creditors
6,368
14,544
Social security and other taxes
16,753
6,704
Other creditors
3,600
3,040
--------
--------
26,721
24,288
--------
--------
7.
Loans and other debts due to members
31 Mar 24
31 Jan 23
£
£
Amounts owed to members in respect of profits
217,846
177,454
---------
---------