Registered number
01112141
Design Heat Winchester Limited
Unaudited Filleted Accounts
30 June 2024
Design Heat Winchester Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Chartered Accountants' report 3
Balance sheet 4
Notes to the accounts 5
Design Heat Winchester Limited
Company Information
Directors
K M Bumstead
F M Bumstead
Accountants
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
5 Bar End Road
Winchester
Hampshire
SO23 9NT
Registered number
01112141
Design Heat Winchester Limited
Registered number: 01112141
Directors' Report
The directors present their report and accounts for the year ended 30 June 2024.
Principal activities
The company's principal activity during the year continued to be that of providing plumbing, heating, ventilation and renewables services.
Directors
The following persons served as directors during the year:
K M Bumstead
F M Bumstead
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 3 March 2025 and signed on its behalf.
F M Bumstead
Director
Design Heat Winchester Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Design Heat Winchester Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Design Heat Winchester Limited for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
10 March 2025
Design Heat Winchester Limited
Registered number: 01112141
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 48,059 31,385
Current assets
Stocks 5,000 5,000
Debtors 5 198,951 143,294
Cash at bank and in hand 167,240 57,482
371,191 205,776
Creditors: amounts falling due within one year 6 (139,137) (84,447)
Net current assets 232,054 121,329
Total assets less current liabilities 280,113 152,714
Creditors: amounts falling due after more than one year 7 (9,671) -
Provisions for liabilities (12,015) (12,326)
Net assets 258,427 140,388
Capital and reserves
Called up share capital 100 100
Share premium 230 230
Profit and loss account 258,097 140,058
Shareholder's funds 258,427 140,388
The directors are 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 directors acknowledge their 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 M Bumstead
Director
Approved by the board on 3 March 2025
Design Heat Winchester Limited
Notes to the Accounts
for the year ended 30 June 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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 4,320
At 30 June 2024 4,320
Amortisation
At 1 July 2023 4,320
At 30 June 2024 4,320
Net book value
At 30 June 2024 -
Goodwill has been written off.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 10,575 77,588 88,163
Additions - 34,140 34,140
Disposals - (17,211) (17,211)
At 30 June 2024 10,575 94,517 105,092
Depreciation
At 1 July 2023 5,077 51,701 56,778
Charge for the year 1,374 9,797 11,171
On disposals - (10,916) (10,916)
At 30 June 2024 6,451 50,582 57,033
Net book value
At 30 June 2024 4,124 43,935 48,059
At 30 June 2023 5,498 25,887 31,385
5 Debtors 2024 2023
£ £
Trade debtors 171,234 129,753
Taxation and social security costs 21,370 7,360
Other debtors 6,347 6,181
198,951 143,294
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,845 -
Trade creditors 78,432 60,136
Taxation and social security costs 48,493 3,878
Other creditors 6,367 20,433
139,137 84,447
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 9,671 -
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 1,019 3,473
9 Other information
Design Heat Winchester Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Bar End Road
Winchester
Hampshire
SO23 9NT
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