Heathlands Heating Services Limited Filleted Accounts Cover |
Company No. 10767297 | |||||||||
For the Year Ended | |||||||||
Heathlands Heating Services Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Stocks | 5 | |||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current (liabilities)/assets | ( | |||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 8 | ( | ( | |||||||
Provisions for liabilities | ||||||||||
Deferred taxation | ( | |||||||||
Net (liabilities)/assets | ( | |||||||||
Capital and reserves | ||||||||||
Called up share capital | 11 | |||||||||
Capital redemption reserve | 12 | |||||||||
Profit and loss account | 13 | ( | ||||||||
Total equity | ( | |||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 21 August 2024 and signed on its behalf by: | ||||||||||
C. Flack | ||||||||||
Director | ||||||||||
21 August 2024 |
Heathlands Heating Services Limited Notes to the Accounts Registrar |
for the year ended 31 May 2024 | ||||||||||||||
1 | General information | |||||||||||||
Heathlands Heating Services Limited is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 10767297 | ||||||||||||||
Its registered office is: | ||||||||||||||
Going concern | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
year exclusive of value added tax. Revenue is recognised in the month in which the service is provided. Revenue from the sale of gods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Freehold buildings | ||||||||||||||
Plant and machinery | ||||||||||||||
Motor vehicles | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Cash and cash equivalents | ||||||||||||||
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours. | ||||||||||||||
Trade and other creditors | ||||||||||||||
Interest income | ||||||||||||||
The Interest income in the year in recognised in the Profit & Loss Account using the effective interest method. | ||||||||||||||
Borrowing costs | ||||||||||||||
All borrowing costs are recognised in the Profit & Loss in the year in which they occurred. | ||||||||||||||
Leased assets | ||||||||||||||
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. | ||||||||||||||
Defined contribution pensions | ||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Tangible fixed assets | |||||||||||||
Land and buildings | Plant and machinery | Motor vehicles | Fixtures, fittings and equipment | Total | ||||||||||
£ | £ | £ | £ | £ | ||||||||||
Cost or revaluation | ||||||||||||||
At 1 June 2023 | ||||||||||||||
Disposals | ( | ( | ( | ( | ||||||||||
At 31 May 2024 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 June 2023 | ||||||||||||||
Charge for the year | ||||||||||||||
Disposals | ( | ( | ( | ( | ||||||||||
At 31 May 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 31 May 2024 | ||||||||||||||
At 31 May 2023 | 148,080 | 2,669 | 5,781 | 5,463 | ||||||||||
5 | Stocks | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Raw materials and consumables | ||||||||||||||
6 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Loans to directors | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Obligations under finance lease and hire purchase contracts | ||||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
9 | Leasing agreements | |||||||||||||
Minimum lease payments under non-cancellable operating leases fall due as follows: | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Within 1 year | 35,580 | 35,580 | ||||||||||||
Between 1-5 years | 9,379 | 37,005 | ||||||||||||
More than 5 years | ||||||||||||||
44,959 | 72,585 | |||||||||||||
10 | Share Capital | |||||||||||||
Share capital includes following: | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
100 ordinary shares of £1 each | 100 | 100 | ||||||||||||
100 | 100 | |||||||||||||
11 | Loans | |||||||||||||
Analysis of the maturity of loans is given below: | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Amounts falling due within 1 year | 9,038 | 9,038 | ||||||||||||
Amounts falling due 2-5 years | 36,152 | 36,152 | ||||||||||||
Amounts falling due more than 5 years | 59,407 | 62,881 | ||||||||||||
104,597 | 108,071 | |||||||||||||
12 | Pensions | |||||||||||||
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,487 (2023 : £10,014) in the year. Contributions of Nil (2023: £947) were payable at the balance sheet date. | ||||||||||||||
13 | Reserves | |||||||||||||
14 | Related party transactions | |||||||||||||
During the year the director made withdrawals totalling £46,487. Repayments were made totalling £43,978. At the Balance Sheet date the director owed £46,766 (2023: £44,257) to the company. | ||||||||||||||