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REGISTERED NUMBER: 12406844 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ADWAY HEAT PUMPS LTD

ADWAY HEAT PUMPS LTD (REGISTERED NUMBER: 12406844)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

ADWAY HEAT PUMPS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 January 2024







DIRECTORS: A M Broome
W R Harper





REGISTERED OFFICE: 1053 London Road
Leigh-on-Sea
Essex
SS9 3JP





REGISTERED NUMBER: 12406844 (England and Wales)





ACCOUNTANTS: Richmond Gatehouse LLP
1053 London Road
Leigh-on-sea
Essex
SS9 3JP

ADWAY HEAT PUMPS LTD (REGISTERED NUMBER: 12406844)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,022 43,643

CURRENT ASSETS
Stocks 6,100 5,700
Debtors 5 40,510 23,624
Cash at bank 71,990 40,589
118,600 69,913
CREDITORS
Amounts falling due within one year 6 (116,482 ) (77,640 )
NET CURRENT ASSETS/(LIABILITIES) 2,118 (7,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,140

35,916

CREDITORS
Amounts falling due after more than one
year

7

(35,769

)

(33,853

)
NET ASSETS 13,371 2,063

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 13,171 1,863
SHAREHOLDERS' FUNDS 13,371 2,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





A M Broome - Director


ADWAY HEAT PUMPS LTD (REGISTERED NUMBER: 12406844)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2024


1. STATUTORY INFORMATION

Adway Heat Pumps 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.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

ADWAY HEAT PUMPS LTD (REGISTERED NUMBER: 12406844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 59,027
Additions 24,160
Disposals (17,629 )
At 31 January 2024 65,558
DEPRECIATION
At 1 February 2023 15,384
Charge for year 13,560
Eliminated on disposal (10,408 )
At 31 January 2024 18,536
NET BOOK VALUE
At 31 January 2024 47,022
At 31 January 2023 43,643

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,371 20,377
Other debtors 5,139 3,247
40,510 23,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,525 10,988
Trade creditors 1 (2 )
Taxation and social security 27,806 8,763
Other creditors 78,150 57,891
116,482 77,640

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 35,769 33,853

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 200 200

ADWAY HEAT PUMPS LTD (REGISTERED NUMBER: 12406844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2024


9. RESERVES
Retained
earnings
£   

At 1 February 2023 1,863
Profit for the year 88,308
Dividends (77,000 )
At 31 January 2024 13,171

ADWAY HEAT PUMPS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ADWAY HEAT PUMPS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Richmond Gatehouse LLP
1053 London Road
Leigh-on-sea
Essex
SS9 3JP


30 October 2024