IRIS Accounts Production v24.3.0.553 10613157 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106131572023-02-28106131572024-02-29106131572023-03-012024-02-29106131572022-02-28106131572022-03-012023-02-28106131572023-02-2810613157ns15:EnglandWales2023-03-012024-02-2910613157ns14:PoundSterling2023-03-012024-02-2910613157ns10:Director12023-03-012024-02-2910613157ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910613157ns10:SmallEntities2023-03-012024-02-2910613157ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910613157ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910613157ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910613157ns10:FullAccounts2023-03-012024-02-2910613157ns10:RegisteredOffice2023-03-012024-02-2910613157ns5:CurrentFinancialInstruments2024-02-2910613157ns5:CurrentFinancialInstruments2023-02-2810613157ns5:Non-currentFinancialInstruments2024-02-2910613157ns5:Non-currentFinancialInstruments2023-02-2810613157ns5:ShareCapital2024-02-2910613157ns5:ShareCapital2023-02-2810613157ns5:RetainedEarningsAccumulatedLosses2024-02-2910613157ns5:RetainedEarningsAccumulatedLosses2023-02-2810613157ns5:PlantMachinery2023-03-012024-02-2910613157ns5:MotorVehicles2023-03-012024-02-2910613157ns5:ComputerEquipment2023-03-012024-02-2910613157ns5:PlantMachinery2023-02-2810613157ns5:MotorVehicles2023-02-2810613157ns5:ComputerEquipment2023-02-2810613157ns5:PlantMachinery2024-02-2910613157ns5:MotorVehicles2024-02-2910613157ns5:ComputerEquipment2024-02-2910613157ns5:PlantMachinery2023-02-2810613157ns5:MotorVehicles2023-02-2810613157ns5:ComputerEquipment2023-02-2810613157ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2810613157ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2910613157ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2910613157ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2810613157ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2910613157ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 10613157 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Heat Serve Engineering Ltd

Heat Serve Engineering Ltd (Registered number: 10613157)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heat Serve Engineering Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr S J Weeks





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 10613157 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Heat Serve Engineering Ltd (Registered number: 10613157)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,890 21,524

CURRENT ASSETS
Debtors 5 138,874 133,834
Cash at bank 4,395 26,769
143,269 160,603
CREDITORS
Amounts falling due within one year 6 24,696 27,831
NET CURRENT ASSETS 118,573 132,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,463

154,296

CREDITORS
Amounts falling due after more than one
year

7

39,697

18,214
NET ASSETS 124,766 136,082

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,666 135,982
SHAREHOLDERS' FUNDS 124,766 136,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Heat Serve Engineering Ltd (Registered number: 10613157)

Balance Sheet - continued
29 February 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 director and authorised for issue on 14 October 2024 and were signed by:





Mr S J Weeks - Director


Heat Serve Engineering Ltd (Registered number: 10613157)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Heat Serve Engineering Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 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.

Heat Serve Engineering Ltd (Registered number: 10613157)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 3,148 24,950 2,713 30,811
Additions 1,147 39,283 - 40,430
At 29 February 2024 4,295 64,233 2,713 71,241
DEPRECIATION
At 1 March 2023 1,651 6,238 1,398 9,287
Charge for year 661 14,498 905 16,064
At 29 February 2024 2,312 20,736 2,303 25,351
NET BOOK VALUE
At 29 February 2024 1,983 43,497 410 45,890
At 28 February 2023 1,497 18,712 1,315 21,524

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 24,950
Additions 39,283
At 29 February 2024 64,233
DEPRECIATION
At 1 March 2023 6,238
Charge for year 14,498
At 29 February 2024 20,736
NET BOOK VALUE
At 29 February 2024 43,497
At 28 February 2023 18,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,949 25,331
Other debtors 87,925 108,503
138,874 133,834

Heat Serve Engineering Ltd (Registered number: 10613157)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,873 4,967
Trade creditors 3,146 6,778
Taxation and social security 11,201 14,727
Other creditors 2,476 1,359
24,696 27,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 39,697 18,214

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the director throughout the period as stated in the report of the director.

Interest is charged on overdrawn directors' loan account balances at the official rate of 2.00% until 5 April 2023 and 2.25% thereafter.