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Company Registration No. 03283447 (England and Wales)
Heat Exchange Limited Unaudited accounts for the year ended 30 June 2024
Heat Exchange Limited Unaudited accounts Contents
Page
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Heat Exchange Limited Company Information for the year ended 30 June 2024
Directors
S Briggs G Briggs
Secretary
Mrs G Briggs
Company Number
03283447 (England and Wales)
Registered Office
27 GILLERCOMB CLOSE WEST BRIDGFORD NOTTINGHAM NG2 6SE
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Heat Exchange Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,220 
29,025 
Current assets
Inventories
500 
500 
Debtors
93,400 
88,849 
Cash at bank and in hand
240,333 
257,639 
334,233 
346,988 
Creditors: amounts falling due within one year
(167,328)
(193,538)
Net current assets
166,905 
153,450 
Total assets less current liabilities
190,125 
182,475 
Creditors: amounts falling due after more than one year
(10,000)
(20,000)
Provisions for liabilities
Deferred tax
(5,805)
(7,256)
Net assets
174,320 
155,219 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
174,318 
155,217 
Shareholders' funds
174,320 
155,219 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by
S Briggs Director Company Registration No. 03283447
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Heat Exchange Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Heat Exchange Limited is a private company, limited by shares, registered in England and Wales, registration number 03283447. The registered office is 27 GILLERCOMB CLOSE, WEST BRIDGFORD, NOTTINGHAM, NG2 6SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Heat Exchange Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
6,728 
74,342 
81,070 
At 30 June 2024
6,728 
74,342 
81,070 
Depreciation
At 1 July 2023
5,279 
46,766 
52,045 
Charge for the year
290 
5,515 
5,805 
At 30 June 2024
5,569 
52,281 
57,850 
Net book value
At 30 June 2024
1,159 
22,061 
23,220 
At 30 June 2023
1,449 
27,576 
29,025 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
4,864 
Trade debtors
88,871 
77,013 
Accrued income and prepayments
1,529 
1,572 
Other debtors
3,000 
5,400 
93,400 
88,849 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
4,259 
- 
Trade creditors
22,063 
28,151 
Taxes and social security
26,564 
31,768 
Other creditors
270 
143 
Loans from directors
84,361 
103,725 
Accruals
19,811 
19,751 
167,328 
193,538 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
20,000 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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