T@P Heating Services Ltd
Registered number: 09121154
Statement of Financial Position
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 184 17,237
Cash at bank and in hand 2,055 -
2,239 17,237
Creditors: amounts falling due within one year 4 (11,170) (19,959)
Net current liabilities (8,931) (2,722)
Total assets less current liabilities (8,931) (2,722)
Creditors: amounts falling due after more than one year 5 (4,667) (8,667)
Net liabilities (13,598) (11,389)
Capital and reserves
Called up share capital 1 1
Profit and loss account (13,599) (11,390)
Shareholders' funds (13,598) (11,389)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Clarke
Director
Approved by the board on 3 December 2024
T@P Heating Services Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company by obtaining a bounce back loan and in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 4
3 Debtors 2024 2023
£ £
Trade debtors - 300
Other debtors 184 16,937
184 17,237
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,000 16,429
Trade creditors - 2,039
Accruals 865 1,115
Other taxes and social security costs 300 -
Other creditors 6,005 376
11,170 19,959
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,667 8,667
6 Other information
T@P Heating Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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