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REGISTERED NUMBER: SC338807 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A D Heating Limited

A D Heating Limited (Registered number: SC338807)






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


A D Heating Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A J Duckett





REGISTERED OFFICE: The Old Bus Depot
Main Street
Fyvie
Turriff
AB53 8QB





REGISTERED NUMBER: SC338807 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

A D Heating Limited (Registered number: SC338807)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 305,769 325,984

CURRENT ASSETS
Stocks 99,717 105,112
Debtors 5 63,104 62,346
Cash at bank 127,101 99,703
289,922 267,161
CREDITORS
Amounts falling due within one year 6 97,768 53,358
NET CURRENT ASSETS 192,154 213,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,923

539,787

CREDITORS
Amounts falling due after more than one
year

7

(28,401

)

(27,665

)

PROVISIONS FOR LIABILITIES (13,556 ) (17,226 )
NET ASSETS 455,966 494,896

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 455,964 494,894
455,966 494,896

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.

A D Heating Limited (Registered number: SC338807)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Mr A J Duckett - Director


A D Heating Limited (Registered number: SC338807)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

A D Heating Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

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 5 (2023 - 5 ) .

A D Heating Limited (Registered number: SC338807)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 219,581 33,598 27,146
Additions - - -
At 31 March 2024 219,581 33,598 27,146
DEPRECIATION
At 1 April 2023 - 1,523 25,679
Charge for year - 1,344 367
At 31 March 2024 - 2,867 26,046
NET BOOK VALUE
At 31 March 2024 219,581 30,731 1,100
At 31 March 2023 219,581 32,075 1,467

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 77,752 151,056 1,815 510,948
Additions 1,041 - - 1,041
At 31 March 2024 78,793 151,056 1,815 511,989
DEPRECIATION
At 1 April 2023 65,341 91,103 1,318 184,964
Charge for year 4,091 14,988 466 21,256
At 31 March 2024 69,432 106,091 1,784 206,220
NET BOOK VALUE
At 31 March 2024 9,361 44,965 31 305,769
At 31 March 2023 12,411 59,953 497 325,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 54,117 49,085
Other debtors 8,987 13,261
63,104 62,346

A D Heating Limited (Registered number: SC338807)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,408 6,335
Trade creditors 57,570 7,646
Taxation and social security 28,415 32,409
Other creditors 8,375 6,968
97,768 53,358

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 28,401 27,665

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 31,809 34,000

The bank loan is secured by a bond and floating charge over the land and buildings.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr A J Duckett
Balance outstanding at start of year 393 -
Amounts advanced - 393
Amounts repaid (393 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 393

10. RELATED PARTY DISCLOSURES

Included in Trade Creditors is £51,387 (2023 - £6,928) due to Wood Boiler Supplies Limited, a company registered in Scotland, of which the director Mr A J Duckett's partner is a director and shareholder.

Purchases in the year from Wood Boiler Supplies Limited totalled £112,928 (2023 - £86,366).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A J Duckett.