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REGISTERED NUMBER: 05094931 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

2D Heat Limited

2D Heat Limited (Registered number: 05094931)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


2D Heat Limited (Registered number: 05094931)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 643,173 507,853
Tangible assets 5 47,743 60,728
690,916 568,581

CURRENT ASSETS
Debtors 6 26,293 110,430
Cash at bank 14,482 71,641
40,775 182,071
CREDITORS
Amounts falling due within one year 7 66,924 302,191
NET CURRENT LIABILITIES (26,149 ) (120,120 )
TOTAL ASSETS LESS CURRENT LIABILITIES 664,767 448,461

CREDITORS
Amounts falling due after more than one year 8 263,276 248,279
NET ASSETS 401,491 200,182

CAPITAL AND RESERVES
Called up share capital 374,978 292,401
Share premium 1,499,688 1,289,865
Retained earnings (1,473,175 ) (1,382,084 )
SHAREHOLDERS' FUNDS 401,491 200,182

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





C D Redfearn - Director


2D Heat Limited (Registered number: 05094931)

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

1. STATUTORY INFORMATION

2D Heat Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05094931

Registered office: Spring Court
Spring Road
Hale
Cheshire
WA14 2UQ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

2D Heat Limited (Registered number: 05094931)

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

2. ACCOUNTING POLICIES - continued

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.

Patents and licences are being amortised evenly over their estimated useful life of 10 years.

Research and development expenditure is written off as incurred, except that development expenditure
incurred on an individual project is capitalised as an intangible asset when the company can demonstrate:

a) the technical feasibility of completing the intangible asset so that it will be available for use or sale,

b) its intention to complete and its ability to use or sell the asset,

c) how the asset will generate future economic benefits,

d) the availability of resources to complete the asset and the ability to measure reliably the expenditure during
development.

Following initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. Amortisation of the asset will begin when development is complete and the asset is available for use. It is amortised evenly over the period of expected future benefit. During the period of development the asset is tested for impairment annually.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 May 2023 276,634 448,605 725,239
Additions 10,733 132,802 143,535
At 30 April 2024 287,367 581,407 868,774
AMORTISATION
At 1 May 2023 217,386 - 217,386
Amortisation for year 8,215 - 8,215
At 30 April 2024 225,601 - 225,601
NET BOOK VALUE
At 30 April 2024 61,766 581,407 643,173
At 30 April 2023 59,248 448,605 507,853

2D Heat Limited (Registered number: 05094931)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 210,928
Additions 1,295
At 30 April 2024 212,223
DEPRECIATION
At 1 May 2023 150,200
Charge for year 14,280
At 30 April 2024 164,480
NET BOOK VALUE
At 30 April 2024 47,743
At 30 April 2023 60,728

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 26,293 110,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66 1,970
Taxation and social security 1,791 1,559
Other creditors 65,067 298,662
66,924 302,191

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Other creditor amounts falling due after more than one year comprise of grants received as further explained in the following note.

9. GRANTS RECEIVED

Other creditors amounts falling due after more than one year shows amounts received in relation to government grants. These grants are non-refundable and will be written off to the Profit and Loss Account over the life of the related development expenditure.