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Company Registration No. SC687255 (Scotland)
Flowright Heating Solutions Ltd. Unaudited accounts for the year ended 31 January 2024
Flowright Heating Solutions Ltd. Unaudited accounts Contents
Page
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Flowright Heating Solutions Ltd. Company Information for the year ended 31 January 2024
Director
Mr. Ross Robert Wright
Company Number
SC687255 (Scotland)
Registered Office
3 CROMER WAY PAISLEY PA3 2QX SCOTLAND
Accountants
Poise Accountancy Ltd. 2 Regent Place Clydebank G81 3SG
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Flowright Heating Solutions Ltd. Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,497 
8,246 
Current assets
Debtors
2,970 
12,005 
Cash at bank and in hand
1,054 
12,685 
4,024 
24,690 
Creditors: amounts falling due within one year
(3,244)
(16,373)
Net current assets
780 
8,317 
Total assets less current liabilities
6,277 
16,563 
Creditors: amounts falling due after more than one year
(5,871)
(8,935)
Net assets
406 
7,628 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
306 
7,528 
Shareholders' funds
406 
7,628 
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 31 October 2024 and were signed on its behalf by
Mr. Ross Robert Wright Director Company Registration No. SC687255
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Flowright Heating Solutions Ltd. Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Flowright Heating Solutions Ltd. is a private company, limited by shares, registered in Scotland, registration number SC687255. The registered office is 3 CROMER WAY, PAISLEY, PA3 2QX, SCOTLAND.
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.
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.
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:
Motor vehicles
3 years, calculated daily on a reducing balance basis
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2023
15,694 
At 31 January 2024
15,694 
Depreciation
At 1 February 2023
7,448 
Charge for the year
2,749 
At 31 January 2024
10,197 
Net book value
At 31 January 2024
5,497 
At 31 January 2023
8,246 
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Flowright Heating Solutions Ltd. Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
9,035 
Other debtors
2,970 
2,970 
2,970 
12,005 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
36 
Taxes and social security
2,862 
1,708 
Loans from directors
382 
14,629 
3,244 
16,373 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,871 
8,935 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan from director
(14,629)
- 
(14,247)
(382)
(14,629)
- 
(14,247)
(382)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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