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REGISTERED NUMBER: SC102243 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Gas Heating and Appliance Services
Limited

Gas Heating and Appliance Services
Limited (Registered number: SC102243)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gas Heating and Appliance Services
Limited

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mrs M Nelson
Mr S Wassall
Mr A Wassall





SECRETARY: Mrs M Nelson





REGISTERED OFFICE: Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA





REGISTERED NUMBER: SC102243 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 1,667
Tangible assets 5 398,733 390,263
Investments 6 220,059 220,044
618,792 611,974

CURRENT ASSETS
Stocks 128,500 128,500
Debtors 7 158,157 125,499
Cash at bank and in hand 1,000,107 1,314,811
1,286,764 1,568,810
CREDITORS
Amounts falling due within one year 8 (623,827 ) (457,526 )
NET CURRENT ASSETS 662,937 1,111,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,281,729

1,723,258

CREDITORS
Amounts falling due after more than one
year

9

(15,834

)

(25,833

)
NET ASSETS 1,265,895 1,697,425

CAPITAL AND RESERVES
Called up share capital 200 300
Capital redemption reserve 100 -
Retained earnings 1,265,595 1,697,125
SHAREHOLDERS' FUNDS 1,265,895 1,697,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

BALANCE SHEET - continued
31 December 2023


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 12 April 2024 and were signed on its behalf by:




Mrs M Nelson - Director



Mr S Wassall - Director


Gas Heating and Appliance Services
Limited (Registered number: SC102243)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gas Heating and Appliance Services 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

HIRE PURCHASE AND LEASING COMMITMENTS
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 makes contributions to the director's personal pension scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 25,000
AMORTISATION
At 1 January 2023 23,333
Charge for year 1,667
At 31 December 2023 25,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,667

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2023 408,460 53,561 13,219
Additions - - -
At 31 December 2023 408,460 53,561 13,219
DEPRECIATION
At 1 January 2023 84,415 10,127 13,217
Charge for year 8,169 1,071 -
At 31 December 2023 92,584 11,198 13,217
NET BOOK VALUE
At 31 December 2023 315,876 42,363 2
At 31 December 2022 324,045 43,434 2

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 22,120 79,467 6,683 583,510
Additions - 34,695 - 34,695
At 31 December 2023 22,120 114,162 6,683 618,205
DEPRECIATION
At 1 January 2023 21,942 58,561 4,985 193,247
Charge for year 57 15,837 1,091 26,225
At 31 December 2023 21,999 74,398 6,076 219,472
NET BOOK VALUE
At 31 December 2023 121 39,764 607 398,733
At 31 December 2022 178 20,906 1,698 390,263

.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 220,044
Disposals (2,305 )
Revaluations 2,320
At 31 December 2023 220,059
NET BOOK VALUE
At 31 December 2023 220,059
At 31 December 2022 220,044


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 131,057 117,619
Other debtors - 1,500
Directors' current accounts 27,100 -
Prepayments - 6,380
158,157 125,499

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 1,806 -
Trade creditors 349,063 227,468
Credit cards 18,908 3,122
Deposits received 73,582 49,998
Tax 30,619 21,102
Social security and other taxes 73,318 67,677
Pensions payable (516 ) (22 )
VAT 7,377 18,586
Accrued expenses 59,670 59,595
623,827 457,526

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,834 15,833
15,834 25,833