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REGISTERED NUMBER: 06301075












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HEAT OUTDOORS LIMITED

HEAT OUTDOORS LIMITED (REGISTERED NUMBER: 06301075)

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 OUTDOORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr S J Levy
Mrs J C Levy
Mrs R J Protopapa





REGISTERED OFFICE: Unit 9 Stort Valley Industrial Estate
Stansted Road
Bishops Stortford
Hertfordshire
CM23 2TU





REGISTERED NUMBER: 06301075





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

HEAT OUTDOORS LIMITED (REGISTERED NUMBER: 06301075)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,761 16,352
Tangible assets 5 170,080 160,448
181,841 176,800

CURRENT ASSETS
Stocks 6 1,404,517 1,900,305
Debtors 7 448,872 516,433
Cash at bank 457,656 303,150
2,311,045 2,719,888
CREDITORS
Amounts falling due within one year 8 209,606 312,090
NET CURRENT ASSETS 2,101,439 2,407,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,283,280

2,584,598

CREDITORS
Amounts falling due after more than one
year

9

(39,144

)

(88,287

)

PROVISIONS FOR LIABILITIES 11 (42,520 ) (30,485 )
NET ASSETS 2,201,616 2,465,826

CAPITAL AND RESERVES
Called up share capital 12 60 60
Share premium 149,960 149,960
Special reserve 40 40
Retained earnings 2,051,556 2,315,766
SHAREHOLDERS' FUNDS 2,201,616 2,465,826

HEAT OUTDOORS LIMITED (REGISTERED NUMBER: 06301075)

BALANCE SHEET - continued
31 MAY 2024


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.

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 27 February 2025 and were signed on its behalf by:





Mr S J Levy - Director


HEAT OUTDOORS LIMITED (REGISTERED NUMBER: 06301075)

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


1. STATUTORY INFORMATION

Heat Outdoors Limited is a private company, limited by shares , registered in Not specified/Other. 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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 - Straight line over 10 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 OUTDOORS LIMITED (REGISTERED NUMBER: 06301075)

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
Cost
At 1 June 2023
and 31 May 2024 45,907
Amortisation
At 1 June 2023 29,555
Amortisation for year 4,591
At 31 May 2024 34,146
Net book value
At 31 May 2024 11,761
At 31 May 2023 16,352

HEAT OUTDOORS LIMITED (REGISTERED NUMBER: 06301075)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 June 2023 12,044 160,360 124,508 296,912
Additions - 28,819 16,408 45,227
Disposals - - (8,000 ) (8,000 )
At 31 May 2024 12,044 189,179 132,916 334,139
Depreciation
At 1 June 2023 1,405 91,670 43,389 136,464
Charge for year 1,204 11,407 19,771 32,382
Eliminated on disposal - - (4,787 ) (4,787 )
At 31 May 2024 2,609 103,077 58,373 164,059
Net book value
At 31 May 2024 9,435 86,102 74,543 170,080
At 31 May 2023 10,639 68,690 81,119 160,448

6. STOCKS
31.5.24 31.5.23
£    £   
Stocks 1,404,517 1,900,305

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 103,240 92,979
Amounts owed by group undertakings 6,119 6,119
Other debtors 339,513 417,335
448,872 516,433

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 10) 41,243 35,810
Hire purchase contracts 13,333 13,333
Taxation and social security 84,945 157,341
Other creditors 70,085 105,606
209,606 312,090

HEAT OUTDOORS LIMITED (REGISTERED NUMBER: 06301075)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 10) 35,810 71,620
Hire purchase contracts 3,334 16,667
39,144 88,287

10. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,433 -
Bank loans 35,810 35,810
41,243 35,810

Amounts falling due between two and five years:
Bank loans - 2-5 years 35,810 71,620

11. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 42,520 30,485

Deferred
tax
£   
Balance at 1 June 2023 30,485
Provided during year 12,035
Balance at 31 May 2024 42,520

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
60 Ordinary 1 60 60

HEAT OUTDOORS LIMITED (REGISTERED NUMBER: 06301075)

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


13. RESERVES

Revaluation reserve
The revaluation reserve comprise the balance of revaluations relating to the freehold property. This reserve is non-distributable.

Retained earnings
The retained earnings comprise the balance of profits accumulated over the life of the company. This reserve is distributable.