Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31truefalse2023-06-01No description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06894634 2023-06-01 2024-05-31 06894634 2022-06-01 2023-05-31 06894634 2024-05-31 06894634 2023-05-31 06894634 c:Director1 2023-06-01 2024-05-31 06894634 d:PlantMachinery 2023-06-01 2024-05-31 06894634 d:PlantMachinery 2024-05-31 06894634 d:PlantMachinery 2023-05-31 06894634 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06894634 d:MotorVehicles 2023-06-01 2024-05-31 06894634 d:MotorVehicles 2024-05-31 06894634 d:MotorVehicles 2023-05-31 06894634 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06894634 d:OfficeEquipment 2023-06-01 2024-05-31 06894634 d:OfficeEquipment 2024-05-31 06894634 d:OfficeEquipment 2023-05-31 06894634 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06894634 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06894634 d:CurrentFinancialInstruments 2024-05-31 06894634 d:CurrentFinancialInstruments 2023-05-31 06894634 d:Non-currentFinancialInstruments 2024-05-31 06894634 d:Non-currentFinancialInstruments 2023-05-31 06894634 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06894634 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06894634 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 06894634 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06894634 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 06894634 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 06894634 d:ShareCapital 2024-05-31 06894634 d:ShareCapital 2023-05-31 06894634 d:RetainedEarningsAccumulatedLosses 2024-05-31 06894634 d:RetainedEarningsAccumulatedLosses 2023-05-31 06894634 c:FRS102 2023-06-01 2024-05-31 06894634 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06894634 c:FullAccounts 2023-06-01 2024-05-31 06894634 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06894634 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06894634









HEATRIX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
HEATRIX LIMITED
REGISTERED NUMBER: 06894634

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,823
15,725

  
22,823
15,725

Current assets
  

Stocks
  
-
1,079

Debtors: amounts falling due within one year
 5 
2,962
2,841

Cash at bank and in hand
 6 
9,450
5,884

  
12,412
9,804

Creditors: amounts falling due within one year
 7 
(37,294)
(42,684)

Net current liabilities
  
 
 
(24,882)
 
 
(32,880)

Total assets less current liabilities
  
(2,059)
(17,155)

Creditors: amounts falling due after more than one year
 8 
(2,832)
(3,313)

Provisions for liabilities
  

Deferred tax
  
(4,336)
(2,988)

  
 
 
(4,336)
 
 
(2,988)

Net liabilities
  
(9,227)
(23,456)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(9,327)
(23,556)

  
(9,227)
(23,456)


Page 1

 
HEATRIX LIMITED
REGISTERED NUMBER: 06894634
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2024.




Mr M.S. Hallsworth
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HEATRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Heatrix Limited is a private company limited by shares, registered in the United Kingdom number 06894634. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP.
During the year, the principal activity of the company continued to be that of heating and plumbing engineering.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
HEATRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
HEATRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
HEATRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
18,645
21,431

Social security costs
425
429

19,070
21,860


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
38,094
8,052
4,541
50,687


Additions
11,750
-
511
12,261


Disposals
(12,246)
-
(2,701)
(14,947)



At 31 May 2024

37,598
8,052
2,351
48,001



Depreciation


At 1 June 2023
26,745
5,504
2,713
34,962


Charge for the year on owned assets
2,866
637
297
3,800


Disposals
(11,313)
-
(2,271)
(13,584)



At 31 May 2024

18,298
6,141
739
25,178



Net book value



At 31 May 2024
19,300
1,911
1,612
22,823



At 31 May 2023
11,349
2,548
1,828
15,725


5.


Debtors

2024
2023
£
£


Other debtors
2,962
2,841
Page 6

 
HEATRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.Debtors (continued)


2,962
2,841



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,450
5,884

9,450
5,884



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,245
4,009

Trade creditors
300
-

Other taxation and social security
7,668
7,022

Other creditors
24,545
29,117

Accruals and deferred income
2,536
2,536

37,294
42,684



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,832
3,313

2,832
3,313


Page 7

 
HEATRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,245
4,009


2,245
4,009

Amounts falling due 1-2 years

Bank loans
2,832
3,313


2,832
3,313



5,077
7,322


 
Page 8