Silverfin false false 31/03/2024 01/04/2023 31/03/2024 D M Phillips 31/12/2015 M Trim 31/12/2015 20 November 2024 no description of principal activity 09933212 2024-03-31 09933212 bus:Director1 2024-03-31 09933212 bus:Director2 2024-03-31 09933212 2023-03-31 09933212 core:CurrentFinancialInstruments 2024-03-31 09933212 core:CurrentFinancialInstruments 2023-03-31 09933212 core:Non-currentFinancialInstruments 2024-03-31 09933212 core:Non-currentFinancialInstruments 2023-03-31 09933212 core:ShareCapital 2024-03-31 09933212 core:ShareCapital 2023-03-31 09933212 core:RetainedEarningsAccumulatedLosses 2024-03-31 09933212 core:RetainedEarningsAccumulatedLosses 2023-03-31 09933212 core:Vehicles 2023-03-31 09933212 core:FurnitureFittings 2023-03-31 09933212 core:OfficeEquipment 2023-03-31 09933212 core:Vehicles 2024-03-31 09933212 core:FurnitureFittings 2024-03-31 09933212 core:OfficeEquipment 2024-03-31 09933212 2022-03-31 09933212 bus:OrdinaryShareClass1 2024-03-31 09933212 2023-04-01 2024-03-31 09933212 bus:FilletedAccounts 2023-04-01 2024-03-31 09933212 bus:SmallEntities 2023-04-01 2024-03-31 09933212 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09933212 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09933212 bus:Director1 2023-04-01 2024-03-31 09933212 bus:Director2 2023-04-01 2024-03-31 09933212 core:Vehicles 2023-04-01 2024-03-31 09933212 core:FurnitureFittings 2023-04-01 2024-03-31 09933212 core:OfficeEquipment 2023-04-01 2024-03-31 09933212 2022-04-01 2023-03-31 09933212 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 09933212 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09933212 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09933212 (England and Wales)

ANGLIA HEATING TRAINING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ANGLIA HEATING TRAINING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ANGLIA HEATING TRAINING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ANGLIA HEATING TRAINING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 46,355 52,751
46,355 52,751
Current assets
Stocks 4 800 800
Debtors 5 31,069 58,661
Cash at bank and in hand 6 93,653 64,401
125,522 123,862
Creditors: amounts falling due within one year 7 ( 93,077) ( 78,911)
Net current assets 32,445 44,951
Total assets less current liabilities 78,800 97,702
Creditors: amounts falling due after more than one year 8 ( 30,498) ( 53,080)
Provision for liabilities 9 ( 11,589) ( 12,307)
Net assets 36,713 32,315
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account 36,613 32,215
Total shareholders' funds 36,713 32,315

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Anglia Heating Training Limited (registered number: 09933212) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D M Phillips
Director
M Trim
Director

20 November 2024

ANGLIA HEATING TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ANGLIA HEATING TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anglia Heating Training Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Summerhill House, 1 Sculthorpe Road, Fakenham, NR21 9HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 15 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 6

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2023 48,959 43,734 6,710 99,403
Additions 0 0 1,785 1,785
At 31 March 2024 48,959 43,734 8,495 101,188
Accumulated depreciation
At 01 April 2023 18,695 25,034 2,923 46,652
Charge for the financial year 4,540 2,805 836 8,181
At 31 March 2024 23,235 27,839 3,759 54,833
Net book value
At 31 March 2024 25,724 15,895 4,736 46,355
At 31 March 2023 30,264 18,700 3,787 52,751

4. Stocks

2024 2023
£ £
Stocks 800 800

5. Debtors

2024 2023
£ £
Trade debtors 20,625 44,948
Prepayments 10,444 11,314
Corporation tax 0 2,399
31,069 58,661

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 93,653 64,401

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 13,273 13,273
Trade creditors 13,185 28,940
Amounts owed to directors 13,388 297
Accruals 2,100 2,294
Corporation tax 26,053 0
Other taxation and social security 10,746 24,969
Obligations under finance leases and hire purchase contracts 7,834 7,834
Other creditors 6,498 1,304
93,077 78,911

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 15,484 30,232
Obligations under finance leases and hire purchase contracts 15,014 22,848
30,498 53,080

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 12,307) ( 11,625)
Credited/(charged) to the Statement of Income and Retained Earnings 718 ( 682)
At the end of financial year ( 11,589) ( 12,307)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

11. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
David Pillips 7,487 0
Mykal Trim 5,902 297

At the year end the company owed the directors D Phillips £7,487 (nil - 2023) and M Trim £5,902 (£297 - 2023). There are no fixed repayment in place and interest is not charged.