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Site Heat Treatment Services Limited

Financial Statements for the Year Ended 31 March 2024






Site Heat Treatment Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A Veysey





SECRETARY: C Veysey





REGISTERED OFFICE: Unit 02
Henshaw Street Industrial Estate
Port Talbot
SA12 6NH





REGISTERED NUMBER: 01597335 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Site Heat Treatment Services Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit & Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Site Heat Treatment Services Limited for the year ended 31 March 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Site Heat Treatment Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Site Heat Treatment Services Limited and state those matters that we have agreed to state to the director of Site Heat Treatment Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Site Heat Treatment Services Limited and its director for our work or for this report.

It is your duty to ensure that Site Heat Treatment Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Site Heat Treatment Services Limited. You consider that Site Heat Treatment Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Site Heat Treatment Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


4 September 2024

Site Heat Treatment Services Limited (Registered number: 01597335)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 222,890 202,885

CURRENT ASSETS
Stocks 30,000 67,889
Debtors 4 89,711 226,847
Investments 5 1,301 1,876
Cash at bank and in hand 23,929 5,930
144,941 302,542
CREDITORS
Amounts falling due within one year 6 178,903 343,174
NET CURRENT LIABILITIES (33,962 ) (40,632 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,928

162,253

CREDITORS
Amounts falling due after more than
one year

7

(7,000

)

(13,000

)

PROVISIONS FOR LIABILITIES (40,900 ) (34,800 )
NET ASSETS 141,028 114,453

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 60,953 60,953
Retained earnings 79,975 53,400
141,028 114,453

Site Heat Treatment Services Limited (Registered number: 01597335)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:





A Veysey - Director


Site Heat Treatment Services Limited (Registered number: 01597335)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

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 Profit & Loss Account, 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.

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.

Site Heat Treatment Services Limited (Registered number: 01597335)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


1. ACCOUNTING POLICIES - continued

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 175,000 152,311 20,723
Additions - 23,378 -
At 31 March 2024 175,000 175,689 20,723
DEPRECIATION
At 1 April 2023 - 131,626 19,677
Charge for year - 3,959 157
At 31 March 2024 - 135,585 19,834
NET BOOK VALUE
At 31 March 2024 175,000 40,104 889
At 31 March 2023 175,000 20,685 1,046

Site Heat Treatment Services Limited (Registered number: 01597335)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 122,287 7,633 477,954
Additions - 2,444 25,822
At 31 March 2024 122,287 10,077 503,776
DEPRECIATION
At 1 April 2023 116,821 6,945 275,069
Charge for year 1,366 335 5,817
At 31 March 2024 118,187 7,280 280,886
NET BOOK VALUE
At 31 March 2024 4,100 2,797 222,890
At 31 March 2023 5,466 688 202,885

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2001 28,800 - -
Valuation in 2005 46,747 - -
Valuation in 2023 67,441 - -
Cost 32,012 175,689 20,723
175,000 175,689 20,723

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2001 - - 28,800
Valuation in 2005 - - 46,747
Valuation in 2023 - - 67,441
Cost 122,287 10,077 360,788
122,287 10,077 503,776

The freehold property was revalued on an open marked basis on 31 March 2024 by the director with the assistance of their professional advisors.

Site Heat Treatment Services Limited (Registered number: 01597335)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,772 213,478
Other debtors & prepayments 11,939 13,369
89,711 226,847

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 1,301 1,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 59,514 100,883
Trade creditors 15,429 23,057
Taxes & social security costs 30,265 50,824
Other creditors & accruals 73,695 168,410
178,903 343,174

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 7,000 13,000