HOME HEATING SERVICES (SCOTLAND) LTD

Company Registration Number:
SC484353 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

HOME HEATING SERVICES (SCOTLAND) LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Additional notes
Balance sheet notes

HOME HEATING SERVICES (SCOTLAND) LTD

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 160,286 119,734
Total fixed assets: 160,286 119,734
Current assets
Debtors: 4 145,354 60,990
Cash at bank and in hand: 312,669 288,093
Total current assets: 458,023 349,083
Creditors: amounts falling due within one year: 5 ( 459,131 ) ( 261,916 )
Net current assets (liabilities): (1,108) 87,167
Total assets less current liabilities: 159,178 206,901
Creditors: amounts falling due after more than one year: 6 ( 37,163 ) ( 55,124 )
Provision for liabilities: ( 40,072 ) ( 22,749 )
Total net assets (liabilities): 81,943 129,028
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 81,941 129,026
Total Shareholders' funds: 81,943 129,028

The notes form part of these financial statements

HOME HEATING SERVICES (SCOTLAND) LTD

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 July 2024
and signed on behalf of the board by:

Name: Mr D Stewart
Status: Director

The notes form part of these financial statements

HOME HEATING SERVICES (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows: Plant and machinery - 25% reducing balance Fixtures, fittings and equipment - 25% reducing balance Motor vehicles - 25% reducing balance

HOME HEATING SERVICES (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 3

HOME HEATING SERVICES (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 6,456 206,806 213,262
Additions 382 112,275 112,657
Disposals ( 18,677 ) ( 18,677 )
Revaluations
Transfers
At 31 August 2023 6,838 300,404 307,242
Depreciation
At 1 September 2022 3,427 90,101 93,528
Charge for year 853 52,575 53,428
On disposals
Other adjustments
At 31 August 2023 4,280 142,676 146,956
Net book value
At 31 August 2023 2,558 157,728 160,286
At 31 August 2022 3,029 116,705 119,734

HOME HEATING SERVICES (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Trade debtors 55,157 52,385
Other debtors 90,197 8,605
Total 145,354 60,990

HOME HEATING SERVICES (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 10,648 10,648
Amounts due under finance leases and hire purchase contracts 8,881 9,704
Trade creditors 347,691 181,774
Taxation and social security 18,414 5,284
Accruals and deferred income 54,370 5,425
Other creditors 19,127 49,081
Total 459,131 261,916

HOME HEATING SERVICES (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 21,870 31,269
Amounts due under finance leases and hire purchase contracts 15,293 23,855
Total 37,163 55,124

Finance lease liabilities are secured over the assets to which they relate.

HOME HEATING SERVICES (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

7. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Directors' Loan Account
£
Balance at 31 August 2022
Advances or credits made: 5,197
Advances or credits repaid:
Balance at 31 August 2023 5,197

The directors' loan account was repaid within 9 months of the year end.