Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 01337482 Mr D J Hood Mr M A Swindells Mr J B Gidman Mr A M Swindells Heating and Pipework Installations (Staffs) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01337482 2023-04-30 01337482 2024-04-30 01337482 2023-05-01 2024-04-30 01337482 frs-core:CurrentFinancialInstruments 2024-04-30 01337482 frs-core:ShareCapital 2024-04-30 01337482 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 01337482 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01337482 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 01337482 frs-bus:SmallEntities 2023-05-01 2024-04-30 01337482 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01337482 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01337482 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 01337482 frs-bus:OrdinaryShareClass1 2024-04-30 01337482 1 2023-05-01 2024-04-30 01337482 frs-bus:Director1 2023-05-01 2024-04-30 01337482 frs-bus:Director1 2023-04-30 01337482 frs-bus:Director1 2024-04-30 01337482 frs-bus:Director2 2023-05-01 2024-04-30 01337482 frs-bus:Director2 2023-04-30 01337482 frs-bus:Director2 2024-04-30 01337482 frs-bus:Director3 2023-05-01 2024-04-30 01337482 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 01337482 frs-countries:EnglandWales 2023-05-01 2024-04-30 01337482 2022-04-30 01337482 2023-04-30 01337482 2022-05-01 2023-04-30 01337482 frs-core:CurrentFinancialInstruments 2023-04-30 01337482 frs-core:ShareCapital 2023-04-30 01337482 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 01337482 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 01337482
Heating & Pipework Installations (Stoke) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 01337482
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 257,173 242,271
Debtors 5 980,152 969,038
Cash at bank and in hand 98,210 86,323
1,335,535 1,297,632
Creditors: Amounts Falling Due Within One Year 6 (991,984 ) (798,006 )
NET CURRENT ASSETS (LIABILITIES) 343,551 499,626
TOTAL ASSETS LESS CURRENT LIABILITIES 343,551 499,626
NET ASSETS 343,551 499,626
CAPITAL AND RESERVES
Called up share capital 7 756 756
Profit and Loss Account 342,795 498,870
SHAREHOLDERS' FUNDS 343,551 499,626
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M A Swindells
Director
29 January 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Heating & Pipework Installations (Stoke) Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the installation of heating and air conditioning systems is recognised by reference to the stage of completion at the balance sheet date is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the date the service is provided.
In the case of long term contracts, credit is taken appropriate to the stage of completion when the outcome of the contract can be assessed with reasonable certainty.
2.3. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.  Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula.  Provision is made for damaged, obsolete and slow-moving stock where appropriate.
2.4. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.5. Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.6. Long term contracts
Long term contracts are assessed on a contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses.  Turnover is ascertained in a manner appropriate to the stage of completion of the contract, and credit taken for profit earned to date when the outcome of the contract can be assessed with reasonable certainty.  The amount by which turnover exceeds payments on account is classified as "amounts recoverable on contracts" and included in debtors; to the extent that payments on account exceed relevant turnover, the excess is included as a creditor.  The amount of long term contracts, at cost net of amounts transferred to cost of sales, less provision for foreseeable losses and payments on account not matched with turnover, is included within stocks.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 21)
20 21
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Page 3
4. Stocks
2024 2023
£ £
Materials 82,246 67,525
Work in progress 47,545 92,248
Long term contracts 127,382 82,498
257,173 242,271
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 421,974 265,122
Amounts recoverable on contracts 126,195 342,291
Prepayments and accrued income 12,914 12,956
Other debtors 18,048 -
Directors' loan accounts 5,934 5,934
Amounts owed by group undertakings 395,087 342,735
980,152 969,038
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 283,182 260,307
Other taxes and social security 14,319 18,482
VAT 46,258 42,669
Other creditors 21,344 23,752
Amounts owed to group undertakings 626,881 444,876
Payments on account - 7,920
991,984 798,006
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
756 Ordinary Shares of £ 1.00 each 756 756
8. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £68,513 (2023 £40,039).
The company has guaranteed the overdraft of other group companies up to a limit of £1,000,000 (2023 £1,000,000). At the balance sheet date, overdrafts outstanding amounted to £nil (2023 £nil). The company entered into an all advances cross guarantee with other group companies on 18 June 1992.
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Page 4
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr David Hood 1,680 - - - 1,680
Mr Mark Swindells 4,254 - - - 4,254
The advances are provided interest free and are repayable on demand.
10. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
11. Ultimate Controlling Party
The company's ultimate controlling party is Heating and Pipework Installations (Staffs) Limited by virtue of his ownership of 100% of the issued share capital in the company.
The largest group in which the results of the company are consolidated is that headed by Heating and Pipework Installations (Staffs) Limited. The consolidated financial statements of this group are available to the public.
Copied of the group's financial statements may be obtained from:
Heating and Pipework Installations (Staffs) Limited
Leigh House
Leigh Lane
Longbridge Hayes
Stoke-on-Trent
Staffordshire
ST6 4PB
Page 4