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Company Registration No. 11155282 (England and Wales)
Efficiency Heating Co Limited Unaudited accounts for the year ended 31 January 2024
Efficiency Heating Co Limited Unaudited accounts Contents
Page
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Efficiency Heating Co Limited Company Information for the year ended 31 January 2024
Director
Mr M Saul
Secretary
Mr M Saul
Company Number
11155282 (England and Wales)
Registered Office
35 Skillings Lane Brough HU15 1BA ENGLAND
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Efficiency Heating Co Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,112 
- 
Current assets
Debtors
2,700 
- 
Cash at bank and in hand
814 
100 
3,514 
100 
Creditors: amounts falling due within one year
(4,497)
- 
Net current (liabilities)/assets
(983)
100 
Total assets less current liabilities
3,129 
100 
Provisions for liabilities
Deferred tax
(839)
- 
Net assets
2,290 
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,190 
- 
Shareholders' funds
2,290 
100 
For the year ending 31 January 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2024 and were signed on its behalf by
Mr M Saul Director Company Registration No. 11155282
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Efficiency Heating Co Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Efficiency Heating Co Limited is a private company, limited by shares, registered in England and Wales, registration number 11155282. The registered office is 35 Skillings Lane, Brough, HU15 1BA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% wdv
Computer equipment
25% wdv
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Efficiency Heating Co Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
- 
1,220 
1,196 
2,416 
Additions
5,200 
- 
283 
5,483 
Disposals
- 
(1,220)
(1,196)
(2,416)
At 31 January 2024
5,200 
- 
283 
5,483 
Depreciation
At 1 February 2023
- 
1,220 
1,196 
2,416 
Charge for the year
1,300 
- 
71 
1,371 
On disposals
- 
(1,220)
(1,196)
(2,416)
At 31 January 2024
1,300 
- 
71 
1,371 
Net book value
At 31 January 2024
3,900 
- 
212 
4,112 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,700 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
36 
- 
Loans from directors
4,221 
- 
Accruals
240 
- 
4,497 
- 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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