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REGISTERED NUMBER: 07454873 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Direct Heating Solutions Limited

Direct Heating Solutions Limited (Registered number: 07454873)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Direct Heating Solutions Limited (Registered number: 07454873)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,273 518

CURRENT ASSETS
Stocks 26,085 36,198
Debtors 5 217,689 201,131
Cash at bank 7,556 22,697
251,330 260,026
CREDITORS
Amounts falling due within one year 6 (298,172 ) (306,401 )
NET CURRENT LIABILITIES (46,842 ) (46,375 )
TOTAL ASSETS LESS CURRENT LIABILITIES (28,569 ) (45,857 )

CREDITORS
Amounts falling due after more than one
year

7

(8,683

)

(21,856

)

PROVISIONS FOR LIABILITIES (3,472 ) -
NET LIABILITIES (40,724 ) (67,713 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (40,824 ) (67,813 )
SHAREHOLDERS' FUNDS (40,724 ) (67,713 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Direct Heating Solutions Limited (Registered number: 07454873)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 21 August 2024 and were signed by:





Mr S M Baldwin - Director


Direct Heating Solutions Limited (Registered number: 07454873)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Direct Heating Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07454873

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


Direct Heating Solutions Limited (Registered number: 07454873)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

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 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 3,410 - - 3,410
Additions - 20,816 3,737 24,553
At 30 November 2023 3,410 20,816 3,737 27,963
DEPRECIATION
At 1 December 2022 2,892 - - 2,892
Charge for year 348 5,204 1,246 6,798
At 30 November 2023 3,240 5,204 1,246 9,690
NET BOOK VALUE
At 30 November 2023 170 15,612 2,491 18,273
At 30 November 2022 518 - - 518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 78,356 133,652
Other debtors 139,333 67,479
217,689 201,131

Direct Heating Solutions Limited (Registered number: 07454873)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 21,856 34,759
Hire purchase contracts 6,845 -
Trade creditors 66,186 64,694
Taxation and social security 156,334 161,329
Other creditors 46,951 45,619
298,172 306,401

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 21,856
Hire purchase contracts 8,683 -
8,683 21,856

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mrs S Baldwin and Mr S M Baldwin
Balance outstanding at start of year 62,661 41,335
Amounts advanced 78,123 51,959
Amounts repaid (19,355 ) (30,633 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,429 62,661

Loans in excess of £10,000 are charged interest at a rate of 2% /2.25% per annum.