Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 8388344 Mr Steven Dean Mr Andrew Wall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8388344 2023-02-28 8388344 2024-02-29 8388344 2023-03-01 2024-02-29 8388344 frs-core:CurrentFinancialInstruments 2024-02-29 8388344 frs-core:MotorVehicles 2024-02-29 8388344 frs-core:MotorVehicles 2023-03-01 2024-02-29 8388344 frs-core:MotorVehicles 2023-02-28 8388344 frs-core:PlantMachinery 2024-02-29 8388344 frs-core:PlantMachinery 2023-03-01 2024-02-29 8388344 frs-core:PlantMachinery 2023-02-28 8388344 frs-core:ShareCapital 2024-02-29 8388344 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 8388344 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 8388344 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 8388344 frs-bus:SmallEntities 2023-03-01 2024-02-29 8388344 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 8388344 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 8388344 frs-bus:Director1 2023-03-01 2024-02-29 8388344 frs-bus:Director2 2023-03-01 2024-02-29 8388344 frs-countries:EnglandWales 2023-03-01 2024-02-29 8388344 2022-02-28 8388344 2023-02-28 8388344 2022-03-01 2023-02-28 8388344 frs-core:CurrentFinancialInstruments 2023-02-28 8388344 frs-core:ShareCapital 2023-02-28 8388344 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 8388344
Home Heat U.K. Ltd
Financial Statements
For The Year Ended 29 February 2024
M. C. Rabey Esq.
Endeavour House 3rd Floor
Coopers End Road
Stansted
Essex
CM24 1SJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 8388344
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,378 1,837
1,378 1,837
CURRENT ASSETS
Stocks 5 8,612 17,843
Debtors 6 63,369 49,143
Cash at bank and in hand 149,355 146,475
221,336 213,461
Creditors: Amounts Falling Due Within One Year 7 (69,692 ) (72,742 )
NET CURRENT ASSETS (LIABILITIES) 151,644 140,719
TOTAL ASSETS LESS CURRENT LIABILITIES 153,022 142,556
NET ASSETS 153,022 142,556
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 153,020 142,554
SHAREHOLDERS' FUNDS 153,022 142,556
Page 1
Page 2
For the year ending 29 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Dean
Director
11/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Home Heat U.K. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 8388344 . The registered office is Unit 6 Crouchmans Court, , Poynters Lane, Shoeburyness, , Southend-On-Sea, , Essex,, SS3 9TS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% WDV
Motor Vehicles 25% WDV
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 7
5 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 6,141 15,385 21,526
As at 29 February 2024 6,141 15,385 21,526
Depreciation
As at 1 March 2023 5,572 14,117 19,689
Provided during the period 142 317 459
As at 29 February 2024 5,714 14,434 20,148
Net Book Value
As at 29 February 2024 427 951 1,378
As at 1 March 2023 569 1,268 1,837
5. Stocks
2024 2023
£ £
Stock 8,612 17,843
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 58,715 49,143
Other debtors 4,654 -
63,369 49,143
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,630 9,250
Corporation tax 2,460 7,180
Other taxes and social security 25,650 39,598
Directors' loan accounts 16,952 16,714
69,692 72,742
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5