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REGISTERED NUMBER: 08612230 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

UK Insulations Holdings Limited

UK Insulations Holdings Limited (Registered number: 08612230)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UK Insulations Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Nolan
M Cooke
D Merrick
I G Billing
C Hartshorn





REGISTERED OFFICE: Syke Mill
Belthorn Road
Belthorn
Blackburn
Lancashire
BB1 2NN





REGISTERED NUMBER: 08612230 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

UK Insulations Holdings Limited (Registered number: 08612230)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,165,530 1,175,530
Investments 5 4,102,480 4,102,480
5,268,010 5,278,010

CURRENT ASSETS
Cash at bank - 5,087

CREDITORS
Amounts falling due within one year 6 4,154,070 3,893,379
NET CURRENT LIABILITIES (4,154,070 ) (3,888,292 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,113,940

1,389,718

CREDITORS
Amounts falling due after more than
one year

7

-

321,255
NET ASSETS 1,113,940 1,068,463

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Share premium 575,196 575,196
Retained earnings 535,744 490,267
SHAREHOLDERS' FUNDS 1,113,940 1,068,463

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 2 September 2024 and were signed on its behalf by:





D Merrick - Director


UK Insulations Holdings Limited (Registered number: 08612230)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

UK Insulations Holdings Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

UK Insulations Holdings Limited (Registered number: 08612230)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Creditors
Trade and other 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023
and 31 December 2023 1,252,253
DEPRECIATION
At 1 January 2023 76,723
Charge for year 10,000
At 31 December 2023 86,723
NET BOOK VALUE
At 31 December 2023 1,165,530
At 31 December 2022 1,175,530

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 4,102,480
NET BOOK VALUE
At 31 December 2023 4,102,480
At 31 December 2022 4,102,480

UK Insulations Holdings Limited (Registered number: 08612230)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 58,692
Amounts owed to group undertakings 4,010,891 3,698,649
Tax 110,779 103,638
Social security and other taxes 30,000 30,000
Accrued expenses 2,400 2,400
4,154,070 3,893,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 58,692
Bank loans - 2-5 years - 262,563
- 321,255

8. SECURED DEBTS

The bank loans, loan and loan notes are secured by separate fixed and floating charges over the assets of the company.During the year the bank loan was repaid in full.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keith Roberts (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

10. CONTINGENT LIABILITIES

The company has a cross guarantee with UK Insulations Limited dated 18 October 2013.