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Registered Number: 7994280
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

HEAT PUMP PLUS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 750    1,750 
Tangible fixed assets 4 6,508    6,425 
7,258    8,175 
Current assets      
Stocks 5 595    695 
Debtors 6 21,767    2,315 
Cash at bank and in hand 9,983    1,077 
32,345    4,087 
Creditors: amount falling due within one year 7 (27,876)   (10,875)
Net current assets 4,469    (6,788)
 
Total assets less current liabilities 11,727    1,387 
Provisions for liabilities 8 (1,100)   (1,100)
Net assets 10,627    287 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 10,527    187 
Shareholders' funds 10,627    287 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 December 2024 and were signed by:


-------------------------------
Peter Jack Lord
Director
1
General Information
Heat Pump Plus Ltd is a private company, limited by shares, registered in England and Wales, registration number 7994280, registration address 13 The Close, Norwich, Norfolk, NR1 4DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Reducing Balance
Motor Vehicles 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 10,000    10,000 
Additions  
Disposals  
At 31 March 2024 10,000    10,000 
Amortisation
At 01 April 2023 8,250    8,250 
Charge for year 1,000    1,000 
On disposals  
At 31 March 2024 9,250    9,250 
Net book values
At 31 March 2024 750    750 
At 31 March 2023 1,750    1,750 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2023 3,310    11,500    14,810 
Additions 1,327      1,327 
Disposals    
At 31 March 2024 4,637    11,500    16,137 
Depreciation
At 01 April 2023 1,349    7,036    8,385 
Charge for year 351    893    1,244 
On disposals    
At 31 March 2024 1,700    7,929    9,629 
Net book values
Closing balance as at 31 March 2024 2,937    3,571    6,508 
Opening balance as at 01 April 2023 1,961    4,464    6,425 


5.

Stocks

2024
£
  2023
£
Stocks 595    695 
595    695 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 21,767    1,997 
Other Debtors   318 
21,767    2,315 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 14,033    551 
Bank Loans & Overdrafts 5,003    178 
Corporation Tax 4,282   
PAYE & Social Security   5,660 
Other Creditors 1,921    2,669 
Obligations under HP/Financial Leases   1,817 
Directors' Current Accounts 1,262   
VAT 1,375   
27,876    10,875 

8.

Provisions for liabilities

2024
£
  2023
£
Pension Provisions 1,100    1,100 
1,100    1,100 

2