Heathlands Heating Services Limited Filleted Accounts Cover
Heathlands Heating Services Limited
Company No. 10767297
Information for Filing with The Registrar
For the Year Ended
31 May 2024
Heathlands Heating Services Limited Balance Sheet Registrar
at
31 May 2024
Company No.
10767297
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
144,995161,993
144,995161,993
Current assets
Stocks
5
-3,000
Debtors
6
65,558256,120
Cash at bank and in hand
1,33535,499
66,893294,619
Creditors: Amount falling due within one year
7
(188,204)
(160,831)
Net current (liabilities)/assets
(121,311)
133,788
Total assets less current liabilities
23,684295,781
Creditors: Amounts falling due after more than one year
8
(95,559)
(99,033)
Provisions for liabilities
Deferred taxation
-
(2,644)
Net (liabilities)/assets
(71,875)
194,104
Capital and reserves
Called up share capital
11
100100
Capital redemption reserve
12
--
Profit and loss account
13
(71,975)
194,004
Total equity
(71,875)
194,104
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
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:
Unit 22 Finns Business Park
Mill Lane
Crondall
Surrey
GU10 5RX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Going concern
The director has taken the decision to cease trading and that it is not appropriate to adopt a going concern basis of preparation in these financial statements. The director has made an assessment on the recoverability of the assets and likelihood of repayment of liabilities and has determined there is no impact on the carrying value held in these financial statements.
2
Accounting policies
Turnover
Turnover comprises of Revenue recognised by the company in respect of services provided during the
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
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
2% Straight line
Plant and machinery
25% Straight line
Motor vehicles
25% Straight line
Furniture, fittings and equipment
25% Straight line
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
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

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
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
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
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

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 Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
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 made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

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:
310
4
Tangible fixed assets
Land and buildings
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
£
Cost or revaluation
At 1 June 2023
154,25010,67623,12118,278206,325
Disposals
-
(10,676)
(23,121)
(18,278)
(52,075)
At 31 May 2024
154,250---154,250
Depreciation
At 1 June 2023
6,1708,00717,34012,81544,332
Charge for the year
3,0854455,7815639,874
Disposals
-
(8,452)
(23,121)
(13,378)
(44,951)
At 31 May 2024
9,255---9,255
Net book values
At 31 May 2024
144,995---144,995
At 31 May 2023
148,080
2,669
5,781
5,463
161,993
5
Stocks
2024
2023
£
£
Raw materials and consumables
-3,000
-3,000
6
Debtors
2024
2023
£
£
Trade debtors
18,307207,749
Loans to directors
46,76644,257
Other debtors
5150
Prepayments and accrued income
4344,064
65,558256,120
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,03813,651
Obligations under finance lease and hire purchase contracts
-13,232
Trade creditors
3,46932,991
Taxes and social security
52,139
98,079
Other creditors
122,0651,323
Accruals and deferred income
1,4931,555
188,204160,831
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
95,55999,033
95,55999,033
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
Profit and loss account - includes all current and prior period retained profits and losses.
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.
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