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REGISTERED NUMBER: 08592211 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Emmetts Heating Ltd

Emmetts Heating Ltd (Registered number: 08592211)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Emmetts Heating Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr J S McGuiness





REGISTERED OFFICE: 2a Kirkcroft Avenue
Killamarsh
Sheffield
South Yorkshire
S21 1GX





REGISTERED NUMBER: 08592211 (England and Wales)





ACCOUNTANTS: BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU

Emmetts Heating Ltd (Registered number: 08592211)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,061 23,336
Investments 6 11,132 -
30,193 23,336

CURRENT ASSETS
Stocks 7 7,500 7,500
Debtors 8 148,079 129,369
Cash at bank 1,744 10,264
157,323 147,133
CREDITORS
Amounts falling due within one year 9 98,822 122,057
NET CURRENT ASSETS 58,501 25,076
TOTAL ASSETS LESS CURRENT LIABILITIES 88,694 48,412

CREDITORS
Amounts falling due after more than one
year

10

(9,370

)

(19,074

)

PROVISIONS FOR LIABILITIES (4,293 ) (4,067 )
NET ASSETS 75,031 25,271

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 74,931 25,171
SHAREHOLDERS' FUNDS 75,031 25,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Emmetts Heating Ltd (Registered number: 08592211)

Balance Sheet - continued
31 October 2024


The 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





Mr J S McGuiness - Director


Emmetts Heating Ltd (Registered number: 08592211)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Emmetts Heating Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Emmetts Heating Ltd (Registered number: 08592211)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 November 2023
and 31 October 2024 1,950
AMORTISATION
At 1 November 2023
and 31 October 2024 1,950
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 4,982 44,495 1,240 50,717
Additions 811 - 88 899
At 31 October 2024 5,793 44,495 1,328 51,616
DEPRECIATION
At 1 November 2023 2,108 24,105 1,168 27,381
Charge for year 1,010 4,078 86 5,174
At 31 October 2024 3,118 28,183 1,254 32,555
NET BOOK VALUE
At 31 October 2024 2,675 16,312 74 19,061
At 31 October 2023 2,874 20,390 72 23,336

Emmetts Heating Ltd (Registered number: 08592211)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 11,132 -

7. STOCKS
2024 2023
£    £   
Stocks 7,500 7,500

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,445 79,207
Tax 49,476 36,947
VAT 10,825 13,215
Prepayments and accrued income 333 -
148,079 129,369

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 10,648 10,043
Trade creditors 39,967 73,043
Tax 20,994 17,014
Social security and other taxes 9,027 5,158
Pension control 4,404 4,501
Directors' current accounts 11,632 10,298
Accrued expenses 2,150 2,000
98,822 122,057

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 11) 9,370 19,074

11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 10,043

Emmetts Heating Ltd (Registered number: 08592211)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

11. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 9,370 10,298

Amounts falling due between two and five years:
Bank loans - 2-5 years - 8,776

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100