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REGISTERED NUMBER: 10763311 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

HEAT2COOL ENGINEERING LTD

HEAT2COOL ENGINEERING LTD (REGISTERED NUMBER: 10763311)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HEAT2COOL ENGINEERING LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R Williams
R Morgans





SECRETARY:





REGISTERED OFFICE: Unit 1 Bessemer House
Bessemer Close
Cardiff
CF11 8DL





REGISTERED NUMBER: 10763311 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

HEAT2COOL ENGINEERING LTD (REGISTERED NUMBER: 10763311)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,337 118,182

CURRENT ASSETS
Debtors 5 256,333 219,617
Cash at bank 229,009 135,628
485,342 355,245
CREDITORS
Amounts falling due within one year 6 240,067 140,892
NET CURRENT ASSETS 245,275 214,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,612

332,535

CREDITORS
Amounts falling due after more than one
year

7

(172,675

)

(85,407

)

PROVISIONS FOR LIABILITIES (48,834 ) (29,546 )
NET ASSETS 219,103 217,582

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 218,703 217,182
SHAREHOLDERS' FUNDS 219,103 217,582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HEAT2COOL ENGINEERING LTD (REGISTERED NUMBER: 10763311)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




R Williams - Director



R Morgans - Director


HEAT2COOL ENGINEERING LTD (REGISTERED NUMBER: 10763311)

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

1. STATUTORY INFORMATION

Heat2cool Engineering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2023 - 12 ) .

HEAT2COOL ENGINEERING LTD (REGISTERED NUMBER: 10763311)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 342 678 140,622 5,550 147,192
Additions - - 181,612 - 181,612
Disposals - - (70,490 ) - (70,490 )
At 31 May 2024 342 678 251,744 5,550 258,314
DEPRECIATION
At 1 June 2023 72 232 25,533 3,173 29,010
Charge for year 68 112 56,680 1,020 57,880
Eliminated on disposal - - (23,913 ) - (23,913 )
At 31 May 2024 140 344 58,300 4,193 62,977
NET BOOK VALUE
At 31 May 2024 202 334 193,444 1,357 195,337
At 31 May 2023 270 446 115,089 2,377 118,182

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 73,631
Additions 181,612
Disposals (24,500 )
At 31 May 2024 230,743
DEPRECIATION
At 1 June 2023 5,389
Charge for year 49,300
Eliminated on disposal (4,585 )
At 31 May 2024 50,104
NET BOOK VALUE
At 31 May 2024 180,639
At 31 May 2023 68,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 213,197 183,676
Other debtors 43,136 35,941
256,333 219,617

HEAT2COOL ENGINEERING LTD (REGISTERED NUMBER: 10763311)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 38,129 15,110
Trade creditors 109,336 53,246
Taxation and social security 79,823 65,060
Other creditors 7,223 1,920
240,067 140,892

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 28,704 34,259
Hire purchase contracts 143,971 51,148
172,675 85,407

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
R Williams
Balance outstanding at start of year - (276 )
Amounts advanced - 276
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

R Morgans
Balance outstanding at start of year - 9,716
Amounts repaid - (9,716 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £56,200 (2023 - £78,700) were paid to the directors .

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Heat2cool Engineering Ltd

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 Heat2cool Engineering Ltd for the year ended 31 May 2024 which comprise the Income Statement, 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 Board of Directors of Heat2cool Engineering Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heat2cool Engineering Ltd and state those matters that we have agreed to state to the Board of Directors of Heat2cool Engineering Ltd, as a body, 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 Heat2cool Engineering Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Heat2cool Engineering Ltd 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 Heat2cool Engineering Ltd. You consider that Heat2cool Engineering Ltd 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 Heat2cool Engineering Ltd. 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.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


5 September 2024