PHIL DODD HEATING LIMITED

Company Registration Number:
05284528 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 April 2023

End date: 30 April 2024

PHIL DODD HEATING LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

PHIL DODD HEATING LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Additional information

Small Company Provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 30 April 2024

Mr P Dodd
Mrs N R S Dodd


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 January 2025

And signed on behalf of the board by:
Name: Mr P Dodd
Status: Director

PHIL DODD HEATING LIMITED

Balance sheet

As at 30 April 2024

Notes 13 months to 30 April 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 3,647
Total fixed assets: 0 3,647
Current assets
Stocks: 4 0 10,000
Debtors: 5 710 49,344
Cash at bank and in hand: 30,306 47,950
Total current assets: 31,016 107,294
Creditors: amounts falling due within one year: 6 ( 8,226 ) ( 32,934 )
Net current assets (liabilities): 22,790 74,360
Total assets less current liabilities: 22,790 78,007
Provision for liabilities: 0 ( 693 )
Total net assets (liabilities): 22,790 77,314
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 22,690 77,214
Total Shareholders' funds: 22,790 77,314

The notes form part of these financial statements

PHIL DODD HEATING LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 January 2025
and signed on behalf of the board by:

Name: Mr P Dodd
Status: Director

The notes form part of these financial statements

PHIL DODD HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when significant risks and rewards of ownership have transferred to the buyer, (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Tools & Equipment - 20% Reducing balance Computer Equipment - 20% Reducing balance Motor Vehicles - 20% Reducing balance Impairment of fixed assets 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 amount 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.

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the next financial year. Taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Provisions Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises. Financial instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

PHIL DODD HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    13 months to 30 April 2024 2023
    Average number of employees during the period 2 2

PHIL DODD HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,446 412 16,246 18,104
Additions
Disposals ( 1,446 ) ( 412 ) ( 16,246 ) ( 18,104 )
Revaluations
Transfers
At 30 April 2024 0 0 0 0
Depreciation
At 1 April 2023 1,301 334 12,822 14,457
Charge for year
On disposals ( 1,301 ) ( 334 ) ( 12,822 ) ( 14,457 )
Other adjustments
At 30 April 2024 0 0 0 0
Net book value
At 30 April 2024 0 0 0 0
At 31 March 2023 145 78 3,424 3,647

PHIL DODD HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

13 months to 30 April 2024 2023
£ £
Stocks 0 10,000
Total 0 10,000

PHIL DODD HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

13 months to 30 April 2024 2023
£ £
Trade debtors 0 48,902
Prepayments and accrued income 0 442
Other debtors 710
Total 710 49,344

PHIL DODD HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

13 months to 30 April 2024 2023
£ £
Trade creditors 1,385 5,160
Taxation and social security 885 6,529
Other creditors 5,956 21,245
Total 8,226 32,934

PHIL DODD HEATING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
The company was under the control of the directors P Dodd and NRS Dodd throughout the year. Included within other creditors is £5,956 being the amount owed to the directors by the company, this was the maximum amount owed during the period.
£
Balance at 31 March 2023 21,245
Advances or credits made:
Advances or credits repaid: 15,289
Balance at 30 April 2024 5,956