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REGISTERED NUMBER: 05567280 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

NORMANS HEATING LIMITED

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORMANS HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr D Staples





SECRETARY: Mrs E C Gillion





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





REGISTERED NUMBER: 05567280 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,464 103,713

CURRENT ASSETS
Stocks 40,000 48,000
Debtors 5 239,694 114,645
Cash at bank and in hand 96,304 117,059
375,998 279,704
CREDITORS
Amounts falling due within one year 6 324,351 232,158
NET CURRENT ASSETS 51,647 47,546
TOTAL ASSETS LESS CURRENT LIABILITIES 117,111 151,259

CREDITORS
Amounts falling due after more than one year 7 (60,055 ) (112,320 )

PROVISIONS FOR LIABILITIES (15,795 ) (36,234 )
NET ASSETS 41,261 2,705

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 40,261 1,705
SHAREHOLDERS' FUNDS 41,261 2,705

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





Mr D Staples - Director


NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Normans Heating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for heating and plumbing services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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 19 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 24,171 7,669 246,834 13,836 292,510
Additions 5,862 407 14,298 1,686 22,253
Disposals - - (9,490 ) - (9,490 )
At 31 July 2024 30,033 8,076 251,642 15,522 305,273
DEPRECIATION
At 1 August 2023 18,610 6,155 151,517 12,515 188,797
Charge for year 4,063 1,009 47,356 1,154 53,582
Eliminated on disposal - - (2,570 ) - (2,570 )
At 31 July 2024 22,673 7,164 196,303 13,669 239,809
NET BOOK VALUE
At 31 July 2024 7,360 912 55,339 1,853 65,464
At 31 July 2023 5,561 1,514 95,317 1,321 103,713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 236,875 102,802
Amounts owed by associates 1,858 1,500
Other debtors 961 10,343
239,694 114,645

NORMANS HEATING LIMITED (REGISTERED NUMBER: 05567280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,818 29,818
Hire purchase contracts (see note 8) 22,446 42,505
Trade creditors 118,432 43,919
Taxation and social security 137,963 104,611
Other creditors 15,692 11,305
324,351 232,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 35,207 57,653
Other creditors 24,848 54,667
60,055 112,320

8. LEASING AGREEMENTS

At the end of the accounting period the company was committed, under a non-cancellable operating licence, to future payments of £13,000 (2023 £13,000).

9. SECURED DEBTS

Hire purchase liabilities are secured on the assets to which they relate.