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REGISTERED NUMBER: 10982928 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Simple Heating Services Limited

Simple Heating Services Limited (Registered number: 10982928)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Simple Heating Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Ward
J P Roberts





REGISTERED OFFICE: Suite 6A
10 Duke Street
Liverpool
Merseyside
L1 5AS





REGISTERED NUMBER: 10982928 (England and Wales)





ACCOUNTANTS: JKS Accountants Limited
10 Duke Street
Liverpool
Merseyside
L1 5AS

Simple Heating Services Limited (Registered number: 10982928)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,423 95,559
Investments 5 40,000 40,000
131,423 135,559

CURRENT ASSETS
Debtors 306,667 182,153
Cash at bank and in hand 1,761,746 758,702
2,068,413 940,855
CREDITORS
Amounts falling due within one year 934,640 463,716
NET CURRENT ASSETS 1,133,773 477,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265,196

612,698

CREDITORS
Amounts falling due after more than one
year

19,485

29,202
NET ASSETS 1,245,711 583,496

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,245,609 583,394
SHAREHOLDERS' FUNDS 1,245,711 583,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Simple Heating Services Limited (Registered number: 10982928)

Abridged Balance Sheet - continued
31 March 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 Balance Sheet for the year ended 31 March 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 Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




D Ward - Director



J P Roberts - Director


Simple Heating Services Limited (Registered number: 10982928)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Simple Heating Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

Simple Heating Services Limited (Registered number: 10982928)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 162,412
Additions 20,968
At 31 March 2024 183,380
DEPRECIATION
At 1 April 2023 66,853
Charge for year 25,104
At 31 March 2024 91,957
NET BOOK VALUE
At 31 March 2024 91,423
At 31 March 2023 95,559

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 17,663
DEPRECIATION
At 1 April 2023 9,523
Charge for year 1,042
At 31 March 2024 10,565
NET BOOK VALUE
At 31 March 2024 7,098
At 31 March 2023 8,140

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 40,000
At 31 March 2023 40,000