Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01Repair of other equipment - Plumbing & heating installation44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13188737 2023-03-01 2024-02-29 13188737 2022-03-01 2023-02-28 13188737 2024-02-29 13188737 2023-02-28 13188737 2022-03-01 13188737 c:Director2 2023-03-01 2024-02-29 13188737 d:PlantMachinery 2023-03-01 2024-02-29 13188737 d:PlantMachinery 2024-02-29 13188737 d:PlantMachinery 2023-02-28 13188737 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13188737 d:MotorVehicles 2023-03-01 2024-02-29 13188737 d:MotorVehicles 2024-02-29 13188737 d:MotorVehicles 2023-02-28 13188737 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13188737 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13188737 d:CurrentFinancialInstruments 2024-02-29 13188737 d:CurrentFinancialInstruments 2023-02-28 13188737 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13188737 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13188737 d:ShareCapital 2024-02-29 13188737 d:ShareCapital 2023-02-28 13188737 d:RetainedEarningsAccumulatedLosses 2024-02-29 13188737 d:RetainedEarningsAccumulatedLosses 2023-02-28 13188737 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 13188737 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 13188737 c:FRS102 2023-03-01 2024-02-29 13188737 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13188737 c:FullAccounts 2023-03-01 2024-02-29 13188737 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13188737 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13188737









C R HEATING SOLUTIONS LIMITED







FINANCIAL STATEMENTS

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
C R HEATING SOLUTIONS LIMITED
REGISTERED NUMBER: 13188737

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,496
12,742

  
10,496
12,742

Current assets
  

Debtors: amounts falling due within one year
 5 
6,789
4,263

Cash at bank and in hand
  
30,328
34,096

  
37,117
38,359

Creditors: amounts falling due within one year
 6 
(22,856)
(32,436)

Net current assets
  
 
 
14,261
 
 
5,923

Total assets less current liabilities
  
24,757
18,665

Provisions for liabilities
  

Deferred tax
 7 
(1,995)
(2,421)

  
 
 
(1,995)
 
 
(2,421)

Net assets
  
22,762
16,244


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
22,662
16,144

  
22,762
16,244


Page 1

 
C R HEATING SOLUTIONS LIMITED
REGISTERED NUMBER: 13188737
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2024.




Richard Anthony Mann 
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
C R HEATING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The company is registered in England and Wales. The company's registered office is Stanley House, 27 Wellington Road, Bilston, West Midlands, WV14 6AH. It's principal activity is that household appliance istallation and plumbing repairs.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
C R HEATING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance basis
Motor vehicles
-
25%
Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
C R HEATING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term 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.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
C R HEATING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 March 2023
4,283
16,333
20,616


Additions
1,141
-
1,141



At 29 February 2024

5,424
16,333
21,757



Depreciation


At 1 March 2023
728
7,146
7,874


Charge for the year on owned assets
1,091
2,296
3,387



At 29 February 2024

1,819
9,442
11,261



Net book value



At 29 February 2024
3,605
6,891
10,496



At 28 February 2023
3,555
9,187
12,742


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
5,471
2,994

Prepayments and accrued income
1,318
1,269

6,789
4,263


Page 6

 
C R HEATING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
4
447

Corporation tax
9,458
8,949

Other taxation and social security
5,649
6,345

Other creditors
6,695
15,895

Accruals and deferred income
1,050
800

22,856
32,436



7.


Deferred taxation






2024
2023


£

£






At beginning of year
2,421
2,529


Utilised in year
(426)
(108)



At end of year
1,995
2,421

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
1,995
2,421

1,995
2,421

 
Page 7