1 May 2023 false No description of principal activity Taxfiler 2024.6 12548608business:PrivateLimitedCompanyLtd2023-05-012024-04-30 125486082023-04-30 125486082023-05-012024-04-30 12548608business:AuditExemptWithAccountantsReport2023-05-012024-04-30 12548608business:FilletedAccounts2023-05-012024-04-30 125486082024-04-30 125486082023-04-30 12548608core:WithinOneYear2024-04-30 12548608core:WithinOneYear2023-04-30 12548608core:AfterOneYear2024-04-30 12548608core:AfterOneYear2023-04-30 12548608core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 12548608core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 12548608core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 12548608core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 12548608core:PreviouslyStatedAmount2024-04-30 12548608core:PreviouslyStatedAmount2023-04-30 12548608business:SmallEntities2023-05-012024-04-30 12548608business:Director22023-05-012024-04-30 12548608countries:EnglandWales2023-05-012024-04-30 12548608business:RegisteredOffice2023-05-012024-04-30 12548608core:PlantMachinery2023-05-012024-04-30 12548608core:FurnitureFittings2023-05-012024-04-30 12548608core:PlantMachinery2023-04-30 12548608core:FurnitureFittings2023-04-30 12548608core:PlantMachinery2024-04-30 12548608core:FurnitureFittings2024-04-30 12548608core:MoreThanFiveYears2024-04-30 12548608core:MoreThanFiveYears2023-04-30 12548608business:OrdinaryShareClass12023-05-012024-04-30 12548608business:OrdinaryShareClass12022-05-012023-04-30 125486082022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12548608 (England and Wales)
Commercial Heating & Drying Limited Unaudited accounts for the year ended 30 April 2024
Commercial Heating & Drying Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
614,077 
729,902 
Current assets
Inventories
36,043 
- 
Debtors
343,176 
373,593 
Cash at bank and in hand
61,382 
686 
440,601 
374,279 
Creditors: amounts falling due within one year
(915,932)
(1,181,838)
Net current liabilities
(475,331)
(807,559)
Total assets less current liabilities
138,746 
(77,657)
Creditors: amounts falling due after more than one year
(84,448)
- 
Provisions for liabilities
Deferred tax
(26,062)
- 
Net assets/(liabilities)
28,236 
(77,657)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
28,233 
(77,660)
Shareholders' funds
28,236 
(77,657)
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
S Keenan Director Company Registration No. 12548608
- 2 -
Commercial Heating & Drying Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Commercial Heating & Drying Limited is a private company, limited by shares, registered in England and Wales, registration number 12548608. The registered office is Bankwood Lane Industrial Estate, Bankwood Lane, New Rossington, Doncaster, DN11 0PS.
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.
3
Accounting policies
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Plant & machinery
Depreciated over the useful life of the asset (5-20 years)
Fixtures & fittings
Leasehold improvements are not depreciated
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 3 -
Commercial Heating & Drying Limited Notes to the Accounts for the year ended 30 April 2024
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
877,269 
- 
877,269 
Additions
180,445 
7,098 
187,543 
Disposals
(311,435)
- 
(311,435)
At 30 April 2024
746,279 
7,098 
753,377 
Depreciation
At 1 May 2023
147,367 
- 
147,367 
Charge for the year
59,552 
- 
59,552 
On disposals
(67,619)
- 
(67,619)
At 30 April 2024
139,300 
- 
139,300 
Net book value
At 30 April 2024
606,979 
7,098 
614,077 
At 30 April 2023
729,902 
- 
729,902 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
54,336 
631 
Trade debtors
71,605 
(10,788)
Amounts due from group undertakings etc.
69,445 
164,944 
Accrued income and prepayments
147,790 
218,306 
Other debtors
- 
500 
343,176 
373,593 
- 4 -
Commercial Heating & Drying Limited Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
28,145 
- 
Trade creditors
156,299 
130,841 
Amounts owed to group undertakings and other participating interests
661,435 
552,683 
Taxes and social security
47,568 
66,533 
Other creditors
2,542 
431,781 
Loans from directors
19,943 
- 
915,932 
1,181,838 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
84,448 
- 
Aggregate of amounts that fall due for payment after five years
28,988 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).
- 5 -