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
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
Flowright Heating Solutions Ltd.
Statement of financial position
as at 31 January 2024
Tangible assets
5,497
8,246
Cash at bank and in hand
1,054
12,685
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)
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
Flowright Heating Solutions Ltd.
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Flowright Heating Solutions Ltd.
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,862
1,708
Loans from directors
382
14,629
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,871
8,935
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from director
(14,629)
-
(14,247)
(382)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).