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Company Registration No. 04625346 (England and Wales)
Adept Heating & Mechanical Services Limited Unaudited accounts for the year ended 31 January 2024
Adept Heating & Mechanical Services Limited Unaudited accounts Contents
Page
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Adept Heating & Mechanical Services Limited Company Information for the year ended 31 January 2024
Directors
DB Blaber BS Blaber
Company Number
04625346 (England and Wales)
Registered Office
RAIDONS NUTBOURNE LANE NUTBOURNE PULBOROUGH RH20 2HS ENGLAND
Accountants
SJS Accountancy Solutions Ltd Ridgemount Hill Farm Lane Pulborough West Sussex RH20 1BJ
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Adept Heating & Mechanical Services Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,721 
52,961 
Current assets
Inventories
26,550 
26,550 
Debtors
268,626 
179,466 
Cash at bank and in hand
4 
5,004 
295,180 
211,020 
Creditors: amounts falling due within one year
(307,705)
(234,646)
Net current liabilities
(12,525)
(23,626)
Total assets less current liabilities
27,196 
29,335 
Creditors: amounts falling due after more than one year
(18,750)
(23,403)
Provisions for liabilities
Deferred tax
(8,400)
(8,400)
Net assets/(liabilities)
46 
(2,468)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(54)
(2,568)
Shareholders' funds
46 
(2,468)
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 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 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 of Directors and authorised for issue on 28 October 2023 and were signed on its behalf by
DB Blaber Director Company Registration No. 04625346
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Adept Heating & Mechanical Services Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Adept Heating & Mechanical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04625346. The registered office is RAIDONS NUTBOURNE LANE, NUTBOURNE, PULBOROUGH, RH20 2HS, 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.
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.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Adept Heating & Mechanical Services Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
15,000 
At 31 January 2024
15,000 
Amortisation
At 1 February 2023
15,000 
At 31 January 2024
15,000 
Net book value
At 31 January 2024
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
134,350 
6,595 
140,945 
At 31 January 2024
134,350 
6,595 
140,945 
Depreciation
At 1 February 2023
82,346 
5,638 
87,984 
Charge for the year
13,001 
239 
13,240 
At 31 January 2024
95,347 
5,877 
101,224 
Net book value
At 31 January 2024
39,003 
718 
39,721 
At 31 January 2023
52,004 
957 
52,961 
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Adept Heating & Mechanical Services Limited Notes to the Accounts for the year ended 31 January 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
173,237 
70,863 
Other debtors
14,371 
7,585 
187,608 
78,448 
Amounts falling due after more than one year
Other debtors
81,018 
101,018 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
42,776 
39,121 
Obligations under finance leases and hire purchase contracts
4,653 
18,871 
Trade creditors
186,306 
168,661 
Taxes and social security
67,752 
5,155 
Other creditors
3,618 
- 
Accruals
2,600 
2,838 
307,705 
234,646 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
18,750 
23,403 
9
Average number of employees
During the year the average number of employees was 11 (2023: 11).
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