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REGISTERED NUMBER: 01888448 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Heating and Boilers (Dyfed) Limited

Heating and Boilers (Dyfed) Limited (Registered number: 01888448)






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


Heating and Boilers (Dyfed) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: B D Kilsby





SECRETARY:





REGISTERED OFFICE: Emlyn Castle
Water Street
Newcastle Emlyn
Carmarthenshire
SA38 9BH





REGISTERED NUMBER: 01888448 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Heating and Boilers (Dyfed) Limited (Registered number: 01888448)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,622 92,043

CURRENT ASSETS
Stocks 2,937 1,465
Debtors 5 123,903 113,875
Cash at bank 35,349 28,827
162,189 144,167
CREDITORS
Amounts falling due within one year 6 73,653 93,779
NET CURRENT ASSETS 88,536 50,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,158

142,431

CREDITORS
Amounts falling due after more than one
year

7

(4,741

)

(9,890

)

PROVISIONS FOR LIABILITIES (10,327 ) (6,127 )
NET ASSETS 168,090 126,414

CAPITAL AND RESERVES
Called up share capital 1,750 1,750
Retained earnings 166,340 124,664
168,090 126,414

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.

Heating and Boilers (Dyfed) Limited (Registered number: 01888448)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





B D Kilsby - Director


Heating and Boilers (Dyfed) Limited (Registered number: 01888448)

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

1. STATUTORY INFORMATION

Heating and Boilers (Dyfed) 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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% 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 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.

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 17 (2023 - 18 ) .

Heating and Boilers (Dyfed) Limited (Registered number: 01888448)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 98,430 101,371 77,661 277,462
Additions - - 16,500 16,500
Disposals - - (4,278 ) (4,278 )
At 30 June 2024 98,430 101,371 89,883 289,684
DEPRECIATION
At 1 July 2023 48,782 91,204 45,433 185,419
Charge for year 1,969 2,352 8,927 13,248
Eliminated on disposal - - (3,605 ) (3,605 )
At 30 June 2024 50,751 93,556 50,755 195,062
NET BOOK VALUE
At 30 June 2024 47,679 7,815 39,128 94,622
At 30 June 2023 49,648 10,167 32,228 92,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 118,584 106,875
Other debtors 5,319 7,000
123,903 113,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,050 4,825
Trade creditors 40,182 66,629
Taxation and social security 21,277 15,117
Other creditors 7,144 7,208
73,653 93,779

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 4,741 9,890

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,148 were paid to the director .

The director, Mr BD Kilsby, received net loan repayments from the company during the year of £372. The amount due to the director at the balance sheet date was £4,299.

Heating and Boilers (Dyfed) Limited (Registered number: 01888448)

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is B D Kilsby.