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REGISTERED NUMBER: 02376772 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Proctor Heating Services Limited

Proctor Heating Services Limited (Registered number: 02376772)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Proctor Heating Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr M A Proctor





REGISTERED OFFICE: Culvert House
4 Whiting Street
Sheffield
South Yorkshire
S8 9QR





REGISTERED NUMBER: 02376772 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Proctor Heating Services Limited (Registered number: 02376772)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,717 49,135

CURRENT ASSETS
Stocks 30,878 18,708
Debtors 5 23,628 47,433
Cash at bank 9,944 38,711
64,450 104,852
CREDITORS
Amounts falling due within one year 6 62,561 90,472
NET CURRENT ASSETS 1,889 14,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,606

63,515

CREDITORS
Amounts falling due after more than one
year

7

(17,602

)

(17,268

)

PROVISIONS FOR LIABILITIES 8 (6,362 ) (2,718 )
NET ASSETS 44,642 43,529

CAPITAL AND RESERVES
Called up share capital 12,350 12,350
Retained earnings 32,292 31,179
SHAREHOLDERS' FUNDS 44,642 43,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Proctor Heating Services Limited (Registered number: 02376772)

Balance Sheet - continued
30 June 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 20 March 2025 and were signed by:





Mr M A Proctor - Director


Proctor Heating Services Limited (Registered number: 02376772)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Proctor Heating Services 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Proctor Heating Services Limited (Registered number: 02376772)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Capital grant
The company received a government grant in 1992 towards the cost of buildings. The grant is being amortised on a straight line basis over the estimated useful life of the building of 50 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 89,901 58,908 40,811
Additions - - -
Disposals - - -
At 30 June 2024 89,901 58,908 40,811
DEPRECIATION
At 1 July 2023 54,872 52,907 39,226
Charge for year 1,798 1,200 238
Eliminated on disposal - - -
At 30 June 2024 56,670 54,107 39,464
NET BOOK VALUE
At 30 June 2024 33,231 4,801 1,347
At 30 June 2023 35,029 6,001 1,585

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 27,489 15,445 232,554
Additions 30,599 - 30,599
Disposals (11,350 ) - (11,350 )
At 30 June 2024 46,738 15,445 251,803
DEPRECIATION
At 1 July 2023 26,163 10,251 183,419
Charge for year 7,953 1,714 12,903
Eliminated on disposal (11,236 ) - (11,236 )
At 30 June 2024 22,880 11,965 185,086
NET BOOK VALUE
At 30 June 2024 23,858 3,480 66,717
At 30 June 2023 1,326 5,194 49,135

Proctor Heating Services Limited (Registered number: 02376772)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 15,792 44,067
Other debtors 7,836 3,366
23,628 47,433

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 2,958 -
Trade creditors 23,315 18,933
Taxation and social security 5,972 27,516
Other creditors 30,316 44,023
62,561 90,472

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,384 13,241
Hire purchase contracts 4,438 -
Other creditors 3,780 4,027
17,602 17,268

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 9,384 13,241

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 6,362 2,718

Deferred
tax
£   
Balance at 1 July 2023 2,718
Provided during year 3,644
Balance at 30 June 2024 6,362

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M A Proctor.