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Registered Number: 10547450
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 January 2024

for

HEATFLUX LTD

Director Mr G Pitts-Crick
Registered Number 10547450
Registered Office 5 Truro Road
Bristol
BS3 2AE
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 January 2024
Principal activities
The principal activity of the company in the year under review was that of engineering related scientific and technical consulting activities
Director
The director who has held office during the whole of the year was as follows:
Mr G Pitts-Crick
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mr G Pitts-Crick
Director

Date approved: 23 October 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 7,196   
Tangible fixed assets 4 2,427    522 
9,623    522 
Current assets      
Debtors 5 7,020   
Cash at bank and in hand 2,504    995 
9,524    995 
Creditors: amount falling due within one year 6 (42,846)   (39,331)
Net current assets (33,322)   (38,336)
 
Total assets less current liabilities (23,699)   (37,814)
Provisions for liabilities 7 (461)   (99)
Net assets (24,160)   (37,913)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (24,260)   (38,013)
Shareholders' funds (24,160)   (37,913)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 23 October 2024 and were signed by:


-------------------------------
Mr G Pitts-Crick
Director
3
General Information
Heatflux Ltd is a private company, limited by shares, registered in England and Wales, registration number 10547450, registration address 5 Truro Road, Bristol, BS3 2AE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
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.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of 5 years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 3 Years Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Software License   Total
  £   £
At 01 February 2023  
Additions 8,995    8,995 
Disposals  
At 31 January 2024 8,995    8,995 
Amortisation
At 01 February 2023  
Charge for year 1,799    1,799 
On disposals  
At 31 January 2024 1,799    1,799 
Net book values
At 31 January 2024 7,196    7,196 
At 31 January 2023  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 February 2023   1,819    1,819 
Additions 1,532    1,917    3,449 
Disposals    
At 31 January 2024 1,532    3,736    5,268 
Depreciation
At 01 February 2023   1,297    1,297 
Charge for year 383    1,161    1,544 
On disposals    
At 31 January 2024 383    2,458    2,841 
Net book values
Closing balance as at 31 January 2024 1,149    1,278    2,427 
Opening balance as at 01 February 2023   522    522 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 7,020   
7,020   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Taxation and Social Security 1,341    720 
Other Creditors 41,505    38,611 
42,846    39,331 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 461    99 
461    99 

8.

Ultimate Controlling Party

The Ultimate Controlling Party is Mr G Pitts-Crick
4