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REGISTERED NUMBER: 10742781 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Heat Pump Installers UK Limited

Heat Pump Installers UK Limited (Registered number: 10742781)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Heat Pump Installers UK Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr A Folan





REGISTERED OFFICE: Unit 5
Chapel Street
Huddersfield
HD1 3FZ





REGISTERED NUMBER: 10742781 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

Heat Pump Installers UK Limited (Registered number: 10742781)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,056 8,602

CURRENT ASSETS
Stocks 117,217 55,454
Debtors 212,526 234,376
Cash at bank 8,875 22,286
338,618 312,116
CREDITORS
Amounts falling due within one year 343,905 323,722
NET CURRENT LIABILITIES (5,287 ) (11,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,769

(3,004

)

CREDITORS
Amounts falling due after more than one year 10,266 8,413
NET LIABILITIES (1,497 ) (11,417 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (1,597 ) (11,517 )
SHAREHOLDERS' FUNDS (1,497 ) (11,417 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Heat Pump Installers UK Limited (Registered number: 10742781)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 July 2024 and were signed by:





Mr A Folan - Director


Heat Pump Installers UK Limited (Registered number: 10742781)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Heat Pump Installers UK Limited 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.

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 reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Heat Pump Installers UK Limited (Registered number: 10742781)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

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.

Going concern
At the balance sheet date, the company's liabilities exceed its assets. The company has received assurance from the directors that the company has adequate resources to continue in operational existence for twelve months from the date of approval of these financial statements. On this basis, the director considers it appropriate to prepare accounts on a going concern basis.

However, should financial support mentioned above not be forthcoming, the going concern basis used in preparing the company accounts may be invalid and adjustment would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 10,522
Additions 8,565
At 30 April 2024 19,087
DEPRECIATION
At 1 May 2023 1,920
Charge for year 3,111
At 30 April 2024 5,031
NET BOOK VALUE
At 30 April 2024 14,056
At 30 April 2023 8,602

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary shares £1 100 100

Heat Pump Installers UK Limited (Registered number: 10742781)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr A Folan
Balance outstanding at start of year 1,417 9,986
Amounts advanced (6,000 ) (15,064 )
Amounts repaid 11,323 6,495
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,740 1,417

7. RELATED PARTY DISCLOSURES

Director loan of £6,740 is money advanced to the Director by the Company as at 30 April 2024. The loan is unsecured and interest free. The Director confirms the loan will be repaid by 31 January 2025.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Folan.