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Registered number: 08540780

J G Heating Solutions Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

J G Heating Solutions Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
John Glendinning
REGISTERED OFFICE
Glenholme
The Butts
Alston
Cumbria
CA9 3JU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08540780
BANKERS
HSBC Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

J G Heating Solutions Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

J G Heating Solutions Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets37,4595,890
CURRENT ASSETS
Stock2,7002,700
Debtors532,43228,295
Cash at bank and in hand5,4592,062
40,59133,057
CREDITORS: Amounts falling due within one year631,81924,675
NET CURRENT ASSETS8,7728,382
TOTAL ASSETS LESS CURRENT LIABILITIES16,23114,272
CREDITORS: Amounts falling due after more than one year718,60322,101
NET LIABILITIES(2,372)(7,829)
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(2,373)(7,830)
SHAREHOLDERS' FUNDS(2,372)(7,829)
For the year ending 30/06/2024 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 decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/12/2024 and signed on their behalf by
.............................
John Glendinning
Director

J G Heating Solutions Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

J G Heating Solutions Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/07/20231,20013,8507,024-22,074
Additions1,574-1,3355503,459
At 30/06/20242,77413,8508,35955025,533
Depreciation
At 01/07/202330012,0013,883-16,184
For the year6194626711381,890
At 30/06/202491912,4634,55413818,074
Net Book Amounts
At 30/06/20241,8551,3873,8054127,459
At 30/06/20239001,8493,141-5,890
4. STOCK 20242023
££
Stock comprises:
Stock2,7002,700
2,7002,700
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors3,8397,024
Directors current account28,59321,271
32,43228,295
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax11,0826,410
VAT6,210954
Bank loans (unsecured)3,4123,326
Trade creditors10,01513,085
Accruals1,100900
31,81924,675

J G Heating Solutions Limited

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr18,60322,101
18,60322,101
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
Ordinary shares of £ each1
11
9. RELATED PARTY TRANSACTIONS
The director was paid a salary of £9,096 during the year (2023 - £9,096).
Dividends of £41,000 were paid to the director during the year (2023 - £33,000)
At the balance sheet date the director owed £28,593 to the company (2023 - £21,271). The loan is unsecured, interest free and repayable on demand.
10. GOING CONCERN
At the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the director that they will continue to give financial support to the company for the twelve months from the date of signing these financial statements.