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REGISTERED NUMBER: SC562139 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

SHS HEATING AND RENEWABLES LIMITED

SHS HEATING AND RENEWABLES LIMITED (REGISTERED NUMBER: SC562139)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SHS HEATING AND RENEWABLES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Sutton
B Crane





REGISTERED OFFICE: 11 Clyde Street
Carluke
ML8 5BA





REGISTERED NUMBER: SC562139 (Scotland)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
11 Clyde Street
Carluke
ML8 5BA

SHS HEATING AND RENEWABLES LIMITED (REGISTERED NUMBER: SC562139)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,038 96,526

CURRENT ASSETS
Stocks 67,732 65,000
Debtors 5 264,431 213,268
Cash at bank and in hand 36,524 51,567
368,687 329,835
CREDITORS
Amounts falling due within one year 6 427,718 531,047
NET CURRENT LIABILITIES (59,031 ) (201,212 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,007

(104,686

)

CREDITORS
Amounts falling due after more than one
year

7

11,668

21,668
NET ASSETS/(LIABILITIES) 18,339 (126,354 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 18,139 (126,554 )
SHAREHOLDERS' FUNDS 18,339 (126,354 )

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 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.

SHS HEATING AND RENEWABLES LIMITED (REGISTERED NUMBER: SC562139)

Balance Sheet - continued
31 March 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 27 August 2024 and were signed on its behalf by:





M Sutton - Director


SHS HEATING AND RENEWABLES LIMITED (REGISTERED NUMBER: SC562139)

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

1. STATUTORY INFORMATION

SHS Heating and Renewables Limited is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 9 (2023 - 12 ) .

SHS HEATING AND RENEWABLES LIMITED (REGISTERED NUMBER: SC562139)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 15,180 22,094 104,560
Additions - 938 -
At 31 March 2024 15,180 23,032 104,560
DEPRECIATION
At 1 April 2023 607 21,121 41,546
Charge for year 304 512 9,452
At 31 March 2024 911 21,633 50,998
NET BOOK VALUE
At 31 March 2024 14,269 1,399 53,562
At 31 March 2023 14,573 973 63,014

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 41,802 11,636 195,272
Additions 7,650 894 9,482
At 31 March 2024 49,452 12,530 204,754
DEPRECIATION
At 1 April 2023 23,836 11,636 98,746
Charge for year 6,404 298 16,970
At 31 March 2024 30,240 11,934 115,716
NET BOOK VALUE
At 31 March 2024 19,212 596 89,038
At 31 March 2023 17,966 - 96,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 214,014 177,472
Other debtors 8,078 7,138
Directors' current accounts 24,644 21,859
VAT 17,695 4,299
Prepayments - 2,500
264,431 213,268

SHS HEATING AND RENEWABLES LIMITED (REGISTERED NUMBER: SC562139)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,000 10,000
Trade creditors 185,250 219,945
Tax 102,464 34,003
Social security and other taxes 51,469 113,192
Other creditors 32,598 16,063
Accruals and deferred income - 99,341
Accrued expenses 45,937 38,503
427,718 531,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 11,668 21,668

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Sutton
Balance outstanding at start of year 21,859 19,181
Amounts advanced 2,785 2,678
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,644 21,859

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SHS Heating and Renewables Limited

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 SHS Heating and Renewables Limited for the year ended 31 March 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of SHS Heating and Renewables Limited, 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 SHS Heating and Renewables Limited and state those matters that we have agreed to state to the Board of Directors of SHS Heating and Renewables Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SHS Heating and Renewables 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 SHS Heating and Renewables Limited. You consider that SHS Heating and Renewables 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 SHS Heating and Renewables 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.






G O Thomson & Co
Chartered Accountants
11 Clyde Street
Carluke
ML8 5BA


27 August 2024