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REGISTERED NUMBER: 07277503 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

BCOSY HEATING LTD

BCOSY HEATING LTD (REGISTERED NUMBER: 07277503)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BCOSY HEATING LTD

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Mr S B Douglas
Mrs L V Douglas





REGISTERED OFFICE: 30 Main Street
Barton Under Needwood
Burton on Trent
DE13 8AA





REGISTERED NUMBER: 07277503 (England and Wales)






BCOSY HEATING LTD (REGISTERED NUMBER: 07277503)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 7,546
Tangible assets 5 11,831 15,134
16,831 22,680

CURRENT ASSETS
Stocks 10,560 7,000
Debtors 6 3,953 1,821
Cash at bank 16,981 32,658
31,494 41,479
CREDITORS
Amounts falling due within one year 7 15,220 16,161
NET CURRENT ASSETS 16,274 25,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,105

47,998

CREDITORS
Amounts falling due after more than
one year

8

20,507

34,400
NET ASSETS 12,598 13,598

BCOSY HEATING LTD (REGISTERED NUMBER: 07277503)

Balance Sheet - continued
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,498 13,498
12,598 13,598

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

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

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

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 13th August 2024 and were signed on its behalf by:





Mrs L V Douglas - Director


BCOSY HEATING LTD (REGISTERED NUMBER: 07277503)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

BCosy Heating Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.


BCOSY HEATING LTD (REGISTERED NUMBER: 07277503)

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


2. ACCOUNTING POLICIES - continued
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.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 25,000
AMORTISATION
At 1st July 2023 17,454
Charge for year 2,546
At 30th June 2024 20,000
NET BOOK VALUE
At 30th June 2024 5,000
At 30th June 2023 7,546

BCOSY HEATING LTD (REGISTERED NUMBER: 07277503)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st July 2023 8,898 48,029 56,927
Additions 323 - 323
Disposals - (16,829 ) (16,829 )
At 30th June 2024 9,221 31,200 40,421
DEPRECIATION
At 1st July 2023 4,248 37,545 41,793
Charge for year 1,005 2,621 3,626
Charge written back - (16,829 ) (16,829 )
At 30th June 2024 5,253 23,337 28,590
NET BOOK VALUE
At 30th June 2024 3,968 7,863 11,831
At 30th June 2023 4,650 10,484 15,134

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Trade debtors 3,953 1,821

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Trade creditors 11 -
Taxation and social security 6,610 10,960
Other creditors 8,599 5,201
15,220 16,161

BCOSY HEATING LTD (REGISTERED NUMBER: 07277503)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 13,959 20,611
Other creditors 6,548 13,789
20,507 34,400

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.24 30.6.23
£    £   
Mr S B Douglas
Balance outstanding at start of year (13,789 ) (2,866 )
Amounts advanced 7,241 -
Amounts repaid - (10,923 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,548 ) (13,789 )