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Unaudited Financial Statements for the Year Ended 30 June 2024

for

Heating Solutions (Scotland) Ltd.

Heating Solutions (Scotland) Ltd. (Registered number: SC567733)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heating Solutions (Scotland) Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G P Curtis
Mrs A Curtis





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC567733 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Heating Solutions (Scotland) Ltd. (Registered number: SC567733)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,285 22,347

CURRENT ASSETS
Debtors 5 40,320 48,580
Cash at bank 37,023 20,437
77,343 69,017
CREDITORS
Amounts falling due within one year 6 42,734 40,176
NET CURRENT ASSETS 34,609 28,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,894

51,188

CREDITORS
Amounts falling due after more than one year 7 34,440 7,700
NET ASSETS 53,454 43,488

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 53,452 43,486
SHAREHOLDERS' FUNDS 53,454 43,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Heating Solutions (Scotland) Ltd. (Registered number: SC567733)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





G P Curtis - Director


Heating Solutions (Scotland) Ltd. (Registered number: SC567733)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Heating Solutions (Scotland) Ltd. is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Heating Solutions (Scotland) Ltd. (Registered number: SC567733)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 61,465
Additions 48,744
At 30 June 2024 110,209
DEPRECIATION
At 1 July 2023 39,118
Charge for year 17,806
At 30 June 2024 56,924
NET BOOK VALUE
At 30 June 2024 53,285
At 30 June 2023 22,347

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 46,713
Additions 48,744
Transfer to ownership (21,104 )
At 30 June 2024 74,353
DEPRECIATION
At 1 July 2023 27,300
Charge for year 15,787
Transfer to ownership (16,096 )
At 30 June 2024 26,991
NET BOOK VALUE
At 30 June 2024 47,362
At 30 June 2023 19,413

Heating Solutions (Scotland) Ltd. (Registered number: SC567733)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 13,592 22,031
Other debtors 26,728 26,549
40,320 48,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 12,366 8,648
Trade creditors 894 16,322
Taxation and social security 8,263 12,317
Other creditors 21,211 2,889
42,734 40,176

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 34,440 7,700

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 "A" ordinary £1 1 1
1 "B" ordinary £1 1 1
2 2