Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC493742 Mr Barry Sharp Mr Richard Hailstones Barry Sharp true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC493742 2022-12-31 SC493742 2023-12-31 SC493742 2023-01-01 2023-12-31 SC493742 frs-core:CurrentFinancialInstruments 2023-12-31 SC493742 frs-core:Non-currentFinancialInstruments 2023-12-31 SC493742 frs-core:BetweenOneFiveYears 2023-12-31 SC493742 frs-core:MotorVehicles 2023-12-31 SC493742 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC493742 frs-core:MotorVehicles 2022-12-31 SC493742 frs-core:PlantMachinery 2023-12-31 SC493742 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC493742 frs-core:PlantMachinery 2022-12-31 SC493742 frs-core:WithinOneYear 2023-12-31 SC493742 frs-core:ShareCapital 2023-12-31 SC493742 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC493742 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC493742 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC493742 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC493742 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC493742 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC493742 1 2023-01-01 2023-12-31 SC493742 frs-bus:Director1 2023-01-01 2023-12-31 SC493742 frs-bus:Director2 2023-01-01 2023-12-31 SC493742 frs-countries:Scotland 2023-01-01 2023-12-31 SC493742 2021-12-31 SC493742 2022-12-31 SC493742 2022-01-01 2022-12-31 SC493742 frs-core:CurrentFinancialInstruments 2022-12-31 SC493742 frs-core:Non-currentFinancialInstruments 2022-12-31 SC493742 frs-core:BetweenOneFiveYears 2022-12-31 SC493742 frs-core:WithinOneYear 2022-12-31 SC493742 frs-core:ShareCapital 2022-12-31 SC493742 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC493742
Renewable Heat Installation and Servicing Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC493742
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 182,632 103,859
182,632 103,859
CURRENT ASSETS
Stocks 5 40,433 29,328
Debtors 6 382,589 362,193
Cash at bank and in hand 7,020 32,452
430,042 423,973
Creditors: Amounts Falling Due Within One Year 7 (368,489 ) (417,754 )
NET CURRENT ASSETS (LIABILITIES) 61,553 6,219
TOTAL ASSETS LESS CURRENT LIABILITIES 244,185 110,078
Creditors: Amounts Falling Due After More Than One Year 8 (192,601 ) (85,142 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (34,700 ) (19,733 )
NET ASSETS 16,884 5,203
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 16,784 5,103
SHAREHOLDERS' FUNDS 16,884 5,203
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Barry Sharp
Director
17/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Renewable Heat Installation and Servicing Limited is a private company, limited by shares, incorporated in Scotland, registered number SC493742 . The registered office is Unit 2 Hayfield Court, Falkirk, FK2 7ZR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 5% + 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 11)
14 11
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 29,035 138,471 167,506
Additions 5,076 114,413 119,489
Disposals (5,099 ) - (5,099 )
As at 31 December 2023 29,012 252,884 281,896
Depreciation
As at 1 January 2023 16,821 46,826 63,647
Provided during the period 5,403 35,095 40,498
Disposals (4,881 ) - (4,881 )
As at 31 December 2023 17,343 81,921 99,264
Net Book Value
As at 31 December 2023 11,669 170,963 182,632
As at 1 January 2023 12,214 91,645 103,859
5. Stocks
2023 2022
£ £
Materials 40,433 29,328
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 182,957 171,460
Other debtors 199,632 190,733
382,589 362,193
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 38,123 21,074
Trade creditors 197,694 251,665
Bank loans and overdrafts 64,252 49,771
Other creditors 34,001 55,267
Taxation and social security 34,419 39,977
368,489 417,754
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 101,593 43,647
Bank loans 91,008 41,495
192,601 85,142
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 38,123 21,074
Later than one year and not later than five years 101,593 43,647
139,716 64,721
139,716 64,721
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
12. Ultimate Controlling Party
The company's ultimate controlling party is Barry Sharp by virtue of his ownership of 51% of the issued share capital in the company.
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