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Heatversity Ltd

Registered Number
10481931
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

Heatversity Ltd
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

Mr K Dimitrov

Registered Address

21a Ruskin Road
Carshalton
SM5 3DD

Registered Number

10481931 (England and Wales)
Heatversity Ltd
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets319,28624,108
19,28624,108
Current assets
Stocks46,52112,232
Debtors-4,500
Cash at bank and on hand49,00716,760
55,52833,492
Creditors amounts falling due within one year5(37,426)(16,492)
Net current assets (liabilities)18,10217,000
Total assets less current liabilities37,38841,108
Creditors amounts falling due after one year6(19,739)(29,757)
Net assets17,64911,351
Capital and reserves
Called up share capital11
Profit and loss account17,64811,350
Shareholders' funds17,64911,351
The financial statements were approved and authorised for issue by the Director on 22 August 2024, and are signed on its behalf by:
Mr K Dimitrov
Director
Registered Company No. 10481931
Heatversity Ltd
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Office Equipment20
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 December 2228,9991,13530,134
At 30 November 2328,9991,13530,134
Depreciation and impairment
At 01 December 225,7992276,026
Charge for year4,6401824,822
At 30 November 2310,43940910,848
Net book value
At 30 November 2318,56072619,286
At 30 November 2223,20090824,108
4.Stocks

2023

2022

££
Raw materials and consumables6,52112,232
Total6,52112,232
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables12,000-
Bank borrowings and overdrafts10,36010,360
Taxation and social security13,6435,685
Other creditors1,423447
Total37,42616,492
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts19,73929,757
Total19,73929,757