2 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC736427 2023-07-01 2024-06-30 SC736427 2024-06-30 SC736427 2023-06-30 SC736427 2022-07-01 2023-06-30 SC736427 2023-06-30 SC736427 2022-06-30 SC736427 core:PlantMachinery 2023-07-01 2024-06-30 SC736427 bus:RegisteredOffice 2023-07-01 2024-06-30 SC736427 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 SC736427 bus:Director1 2023-07-01 2024-06-30 SC736427 bus:Director2 2023-07-01 2024-06-30 SC736427 core:PlantMachinery 2023-06-30 SC736427 core:PlantMachinery 2024-06-30 SC736427 core:WithinOneYear 2024-06-30 SC736427 core:WithinOneYear 2023-06-30 SC736427 core:ShareCapital 2024-06-30 SC736427 core:ShareCapital 2023-06-30 SC736427 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC736427 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC736427 core:PlantMachinery 2023-06-30 SC736427 bus:SmallEntities 2023-07-01 2024-06-30 SC736427 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC736427 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC736427 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC736427 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: SC736427
Heat Plan Scotland Ltd
Unaudited filleted financial statements
30 June 2024
Heat Plan Scotland Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Heat Plan Scotland Ltd
Directors and other information
Directors Scott Haggarty
Rebecca Haggarty (Appointed 18 July 2024)
Company number SC736427
Registered office 19 Pinkieknowe
Stirling
FK7 9EE
Accountants Dickson Middleton
20 Barnton Street
Stirling
FK8 1NA
Heat Plan Scotland Ltd
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 2,784 3,000
_______ _______
2,784 3,000
Current assets
Stocks 2,000 2,000
Debtors 6 5,474 1,540
Cash at bank and in hand 23,016 9,899
_______ _______
30,490 13,439
Creditors: amounts falling due
within one year 7 ( 30,321) ( 15,059)
_______ _______
Net current assets/(liabilities) 169 ( 1,620)
_______ _______
Total assets less current liabilities 2,953 1,380
_______ _______
Net assets 2,953 1,380
_______ _______
Capital and reserves
Called up share capital 10 ( 10)
Profit and loss account 2,943 1,390
_______ _______
Shareholders funds 2,953 1,380
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
Scott Haggarty
Director
Company registration number: SC736427
Heat Plan Scotland Ltd
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 19 Pinkieknowe, Stirling, FK7 9EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are the value of jobs in progress.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 July 2023 4,000 4,000
Additions 1,045 1,045
_______ _______
At 30 June 2024 5,045 5,045
_______ _______
Depreciation
At 1 July 2023 1,000 1,000
Charge for the year 1,261 1,261
_______ _______
At 30 June 2024 2,261 2,261
_______ _______
Carrying amount
At 30 June 2024 2,784 2,784
_______ _______
At 30 June 2023 3,000 3,000
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors - 391
Other debtors 5,474 1,149
_______ _______
5,474 1,540
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 6,677 -
Corporation tax 7,217 4,384
Social security and other taxes 2,848 -
Other creditors 13,579 10,675
_______ _______
30,321 15,059
_______ _______