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HEATIO LTD

Registered Number
14044906
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

HEATIO LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

DE FOUGEROLLES, Jean Francois Rollet
FARQUHAR, Thomas Paul
JACKSON, Jessica Helen
NORMAN, Neil
ROBERTS, Simon Peter

Registered Address

Helix Building Edmund Street
2nd Floor
Liverpool
L3 9NG

Registered Number

14044906 (England and Wales)
HEATIO LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3156,6778,065
Tangible assets457,36239,924
214,03947,989
Current assets
Stocks5-10,011
Debtors84,47714,938
Cash at bank and on hand252,945411,379
337,422436,328
Creditors amounts falling due within one year6(97,605)(18,553)
Net current assets (liabilities)239,817417,775
Total assets less current liabilities453,856465,764
Creditors amounts falling due after one year7(488)-
Net assets453,368465,764
Capital and reserves
Called up share capital11
Share premium1,136,869564,643
Profit and loss account(683,502)(98,880)
Shareholders' funds453,368465,764
The financial statements were approved and authorised for issue by the Board of Directors on 31 January 2025, and are signed on its behalf by:
ROBERTS, Simon Peter
Director
Registered Company No. 14044906
HEATIO LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year62
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 May 238,2098,209
Additions152,981152,981
At 30 April 24161,190161,190
Amortisation and impairment
At 01 May 23144144
Charge for year4,3694,369
At 30 April 244,5134,513
Net book value
At 30 April 24156,677156,677
At 30 April 238,0658,065
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 May 235,99528,7762,8543,19740,822
Additions-12,950-11,87924,829
At 30 April 245,99541,7262,85415,07665,651
Depreciation and impairment
At 01 May 2350479-369898
Charge for year5994,1731162,5037,391
At 30 April 246494,6521162,8728,289
Net book value
At 30 April 245,34637,0742,73812,20457,362
At 30 April 235,94528,2972,8542,82839,924
5.Stocks

2024

2023

££
Other stocks-10,011
Total-10,011
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables90,82015,575
Taxation and social security6,7852,778
Accrued liabilities and deferred income-200
Total97,60518,553
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts488-
Total488-