Registered number
10444997
Karl Wood Heating Limited
Filleted Accounts
31 December 2024
Karl Wood Heating Limited
Company Information
Director
K J Wood
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Mayview
Elmstone Hardwicke
Cheltenham
Glos
Registered number
10444997
Karl Wood Heating Limited
Registered number: 10444997
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 275 6,375
Current assets
Debtors 5 12,062 1,156
Cash at bank and in hand 62,403 85,276
74,465 86,432
Creditors: amounts falling due within one year 6 (69,417) (74,878)
Net current assets 5,048 11,554
Total assets less current liabilities 5,323 17,929
Creditors: amounts falling due after more than one year 7 (2,985) (5,373)
Net assets 2,338 12,556
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,238 12,456
Shareholder's funds 2,338 12,556
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K J Wood
Director
Approved by the board on 31 January 2025
Karl Wood Heating Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over four years
Motor vehicles over four years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 10,000
At 31 December 2024 10,000
Amortisation
At 1 January 2024 10,000
At 31 December 2024 10,000
Net book value
At 31 December 2024 -
4 Tangible fixed assets
Computer equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2024 1,107 23,283 24,390
At 31 December 2024 1,107 23,283 24,390
Depreciation
At 1 January 2024 552 17,463 18,015
Charge for the year 280 5,820 6,100
At 31 December 2024 832 23,283 24,115
Net book value
At 31 December 2024 275 - 275
At 31 December 2023 555 5,820 6,375
5 Debtors 2024 2023
£ £
Trade debtors 834 864
Other debtors 11,228 292
12,062 1,156
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 4,898 6,693
Directors loan account 61,210 65,347
Other creditors 3,309 2,838
69,417 74,878
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,985 5,373
8 Controlling party
The company is controlled by the director.
9 Other information
Karl Wood Heating Limited is a private company limited by shares and incorporated in England. Its registered office is:
Mayview
Elmstone Hardwicke
Cheltenham
Glos
Karl Wood Heating Limited 10444997 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2024 No description of principal activity 10444997 2023-01-01 2023-12-31 10444997 core:WithinOneYear 2023-12-31 10444997 core:AfterOneYear 2023-12-31 10444997 core:ShareCapital 2023-12-31 10444997 core:RetainedEarningsAccumulatedLosses 2023-12-31 10444997 2024-01-01 2024-12-31 10444997 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10444997 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10444997 bus:Director1 2024-01-01 2024-12-31 10444997 1 2024-01-01 2024-12-31 10444997 2 2024-01-01 2024-12-31 10444997 core:PlantMachinery 2024-01-01 2024-12-31 10444997 core:Vehicles 2024-01-01 2024-12-31 10444997 countries:England 2024-01-01 2024-12-31 10444997 bus:FRS102 2024-01-01 2024-12-31 10444997 bus:FilletedAccounts 2024-01-01 2024-12-31 10444997 2024-12-31 10444997 core:WithinOneYear 2024-12-31 10444997 core:AfterOneYear 2024-12-31 10444997 core:ShareCapital 2024-12-31 10444997 core:RetainedEarningsAccumulatedLosses 2024-12-31 10444997 core:Goodwill 2024-12-31 10444997 core:PlantMachinery 2024-12-31 10444997 core:Vehicles 2024-12-31 10444997 2023-12-31 10444997 core:Goodwill 2023-12-31 10444997 core:PlantMachinery 2023-12-31 10444997 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure