Company Registration No. 10706074 (England and Wales)
E-Heat Plumbing & Heating Ltd
Unaudited accounts
for the year ended 30 April 2024
E-Heat Plumbing & Heating Ltd
Unaudited accounts
Contents
E-Heat Plumbing & Heating Ltd
Company Information
for the year ended 30 April 2024
Director
Luke Loving-Price
Secretary
Luke Loving-Price
Company Number
10706074 (England and Wales)
Registered Office
66 Collinswood Drive
St Leonards On Sea
TN380NX
GB
Accountants
TRP Accountancy Ltd
Bumpkin Shaw Yard
Rock Lane
Hastings
East Sussex
TN35 4NY
E-Heat Plumbing & Heating Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
21,880
23,595
Cash at bank and in hand
414
1,836
Creditors: amounts falling due within one year
(18,226)
(13,577)
Net current assets
15,662
22,610
Total assets less current liabilities
37,542
46,205
Creditors: amounts falling due after more than one year
(19,698)
(32,099)
Provisions for liabilities
Deferred tax
(2,499)
(3,331)
Called up share capital
300
300
Profit and loss account
15,045
10,475
Shareholders' funds
15,345
10,775
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 director acknowledges his 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 and authorised for issue on 29 December 2024 and were signed on its behalf by
Luke Loving-Price
Director
Company Registration No. 10706074
E-Heat Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 30 April 2024
E-Heat Plumbing & Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 10706074. The registered office is 66 Collinswood Drive, St Leonards On Sea, TN380NX, GB.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are measured at cost less accumulative amortisation and any accumulative impairment losses.
The financial statements have been prepared on the basis that the company will continue as a going concern. The directors have considered the company’s future prospects and financial position and believe that the company will be able to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements.
E-Heat Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
8,128
29,579
37,707
Additions
2,499
3,081
5,580
At 30 April 2024
10,627
32,660
43,287
At 1 May 2023
4,683
9,429
14,112
Charge for the year
1,486
5,809
7,295
At 30 April 2024
6,169
15,238
21,407
At 30 April 2024
4,458
17,422
21,880
At 30 April 2023
3,445
20,150
23,595
Amounts falling due within one year
Other debtors
26,197
26,932
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
530
-
Obligations under finance leases and hire purchase contracts
4,600
-
Taxes and social security
6,840
13,177
E-Heat Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
13,031
22,233
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
0% Loan
9,989
28,293
23,152
15,130
9,989
28,293
23,152
15,130
10
Transactions with related parties
At the year-end the company’s director’s loan account was overdrawn by £15,130. This balance was repaid in full shortly after the year-end through dividends declared from the company’s profits. The repayment was made within the required time frame to avoid any tax implications under Section 455 of the Corporation Tax Act 2010.
The company is controlled by Luke Loving-Price, who is the sole director and shareholder of the company.
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).