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REGISTERED NUMBER: 01994559 (England and Wales)















HARWORTH HEATING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024






HARWORTH HEATING LIMITED (REGISTERED NUMBER: 01994559)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

HARWORTH HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: T Hibbard
E A Hibbard





SECRETARY: E A Hibbard





REGISTERED OFFICE: Harworth Heating
Blyth Road
Harworth
Doncaster
South Yorkshire
DN11 8NE





REGISTERED NUMBER: 01994559 (England and Wales)






HARWORTH HEATING LIMITED (REGISTERED NUMBER: 01994559)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,011 1,088
Tangible assets 5 37,013 12,804
38,024 13,892

CURRENT ASSETS
Stocks 65,400 117,642
Debtors 6 32,530 49,107
Cash at bank and in hand 250,542 195,995
348,472 362,744
CREDITORS
Amounts falling due within one year 7 123,005 169,556
NET CURRENT ASSETS 225,467 193,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,491

207,080

CREDITORS
Amounts falling due after more than one
year

8

(28,182

)

(33,450

)

PROVISIONS FOR LIABILITIES (9,253 ) (2,229 )
NET ASSETS 226,056 171,401

CAPITAL AND RESERVES
Called up share capital 60,002 60,002
Retained earnings 166,054 111,399
SHAREHOLDERS' FUNDS 226,056 171,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

HARWORTH HEATING LIMITED (REGISTERED NUMBER: 01994559)

BALANCE SHEET - continued
31 MAY 2024


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 7 November 2024 and were signed on its behalf by:





T Hibbard - Director


HARWORTH HEATING LIMITED (REGISTERED NUMBER: 01994559)

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


1. STATUTORY INFORMATION

Harworth Heating Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

HARWORTH HEATING LIMITED (REGISTERED NUMBER: 01994559)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 1,530
AMORTISATION
At 1 June 2023 442
Charge for year 77
At 31 May 2024 519
NET BOOK VALUE
At 31 May 2024 1,011
At 31 May 2023 1,088

HARWORTH HEATING LIMITED (REGISTERED NUMBER: 01994559)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 76,213
Additions 29,706
At 31 May 2024 105,919
DEPRECIATION
At 1 June 2023 63,409
Charge for year 5,497
At 31 May 2024 68,906
NET BOOK VALUE
At 31 May 2024 37,013
At 31 May 2023 12,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,274 37,591
Other debtors 12,256 11,516
32,530 49,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,216 6,216
Trade creditors 37,314 73,884
Taxation and social security 48,742 18,284
Other creditors 30,733 71,172
123,005 169,556

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,182 33,450

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,317 8,586

HARWORTH HEATING LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
HARWORTH HEATING LIMITED


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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harworth Heating Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Harworth Heating Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harworth Heating Limited and state those matters that we have agreed to state to the Board of Harworth Heating Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harworth Heating Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harworth Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harworth Heating Limited. You consider that Harworth Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harworth Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








7 November 2024