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REGISTERED NUMBER: 01226951 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

R. & V. HEATING LIMITED

R. & V. HEATING LIMITED (REGISTERED NUMBER: 01226951)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R. & V. HEATING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: J C Edgington





REGISTERED OFFICE: Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA





REGISTERED NUMBER: 01226951 (England and Wales)





ACCOUNTANTS: A & N Chartered Accountants
Aruna House
2 Kings Road
Haslemere
Surrey
Tel: 01428 645398
GU27 2QA

R. & V. HEATING LIMITED (REGISTERED NUMBER: 01226951)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,214 1,677

CURRENT ASSETS
Stocks 94 94
Debtors 4 568 1,680
Cash at bank 4,820 1,877
5,482 3,651
CREDITORS
Amounts falling due within one year 5 46,140 32,476
NET CURRENT LIABILITIES (40,658 ) (28,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,444

)

(27,148

)

PROVISIONS FOR LIABILITIES 6 303 319
NET LIABILITIES (39,747 ) (27,467 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 7 (39,947 ) (27,667 )
SHAREHOLDERS' FUNDS (39,747 ) (27,467 )

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

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

The director acknowledges his 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.

R. & V. HEATING LIMITED (REGISTERED NUMBER: 01226951)

BALANCE SHEET - continued
31 March 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 director and authorised for issue on 12 November 2024 and were signed by:





J C Edgington - Director


R. & V. HEATING LIMITED (REGISTERED NUMBER: 01226951)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. 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 - 25% on reducing balance
Motor vehicles - 25% 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

R. & V. HEATING LIMITED (REGISTERED NUMBER: 01226951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,885 12,542 2,925 17,352
DEPRECIATION
At 1 April 2023 1,695 11,600 2,380 15,675
Charge for year 47 235 181 463
At 31 March 2024 1,742 11,835 2,561 16,138
NET BOOK VALUE
At 31 March 2024 143 707 364 1,214
At 31 March 2023 190 942 545 1,677

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 1,112
Other debtors 568 568
568 1,680

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 90 580
Taxation and social security 2,493 664
Other creditors 43,557 31,232
46,140 32,476

6. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 303 319

Deferred
tax
£   
Balance at 1 April 2023 319
Provided during year (16 )
Accelerated capital allowance
Balance at 31 March 2024 303

R. & V. HEATING LIMITED (REGISTERED NUMBER: 01226951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. RESERVES
Retained
earnings
£   

At 1 April 2023 (27,667 )
Deficit for the year (12,280 )
At 31 March 2024 (39,947 )