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REGISTERED NUMBER: 03293797 (England and Wales)






Financial Statements

for the Year Ended 31 May 2024

for

Heat Industrial Limited

Heat Industrial Limited (Registered number: 03293797)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heat Industrial Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J D Peters
N J Peters
M J Pollington





SECRETARY: J D Peters





REGISTERED OFFICE: Unit 2, Fairview Estate
Beech Road
High Wycombe
Buckinghamshire
HP11 1RY





REGISTERED NUMBER: 03293797 (England and Wales)





ACCOUNTANTS: J W Ridgeway & Co
Chartered Accountants
146 Tudor Way
Rickmansworth
Hertfordshire
WD3 7HL

Heat Industrial Limited (Registered number: 03293797)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,739 12,818

CURRENT ASSETS
Stocks 5,695 5,722
Debtors 5 43,311 32,119
Cash at bank 16,050 28,640
65,056 66,481
CREDITORS
Amounts falling due within one year 6 35,257 27,158
NET CURRENT ASSETS 29,799 39,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,538

52,141

CREDITORS
Amounts falling due after more than one
year

7

-

12,000
NET ASSETS 40,538 40,141

CAPITAL AND RESERVES
Called up share capital 700 700
Share premium 4,025 4,025
Capital redemption reserve 300 300
Retained earnings 35,513 35,116
SHAREHOLDERS' FUNDS 40,538 40,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Heat Industrial Limited (Registered number: 03293797)

Balance Sheet - continued
31 May 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 30 December 2024 and were signed on its behalf by:





N J Peters - Director


Heat Industrial Limited (Registered number: 03293797)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Heat Industrial Limited is a private company, limited by shares , registered in England and Wales. 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.
Improvements to property - not provided
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Heat Industrial Limited (Registered number: 03293797)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 3,942 21,035 66,758 11,991 103,726
DEPRECIATION
At 1 June 2023 - 21,035 57,882 11,991 90,908
Charge for year - - 2,079 - 2,079
At 31 May 2024 - 21,035 59,961 11,991 92,987
NET BOOK VALUE
At 31 May 2024 3,942 - 6,797 - 10,739
At 31 May 2023 3,942 - 8,876 - 12,818

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,041 17,941
Prepayments and accrued income 15,270 14,178
43,311 32,119

Heat Industrial Limited (Registered number: 03293797)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,587 9,775
Tax 422 460
Social security and other taxes 4,039 3,783
VAT 14,459 5,773
Other creditors 5,567 5,193
Accrued expenses 2,183 2,174
35,257 27,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Loan - 12,000

8. RELATED PARTY DISCLOSURES

The company occupies a property owned by Parkside Investments (Beaconsfield) Ltd. of which some directors are directors and shareholders of both companies.