1 July 2023 false Taxfiler 2024.6 07999194business:PrivateLimitedCompanyLtd2023-07-012024-06-30 079991942023-06-30 079991942023-07-012024-06-30 07999194business:AuditExemptWithAccountantsReport2023-07-012024-06-30 07999194business:FilletedAccounts2023-07-012024-06-30 079991942024-06-30 079991942023-06-30 07999194core:WithinOneYear2024-06-30 07999194core:WithinOneYear2023-06-30 07999194core:AfterOneYear2024-06-30 07999194core:AfterOneYear2023-06-30 07999194core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 07999194core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 07999194core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 07999194core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 07999194core:PreviouslyStatedAmount2024-06-30 07999194core:PreviouslyStatedAmount2023-06-30 07999194business:SmallEntities2023-07-012024-06-30 07999194business:Director12023-07-012024-06-30 07999194countries:EnglandWales2023-07-012024-06-30 07999194business:RegisteredOffice2023-07-012024-06-30 07999194core:LandBuildings2023-07-012024-06-30 07999194core:PlantMachinery2023-07-012024-06-30 07999194core:MotorVehicles2023-07-012024-06-30 07999194core:FurnitureFittings2023-07-012024-06-30 07999194core:LandBuildings2023-06-30 07999194core:PlantMachinery2023-06-30 07999194core:MotorVehicles2023-06-30 07999194core:FurnitureFittings2023-06-30 07999194core:LandBuildings2024-06-30 07999194core:PlantMachinery2024-06-30 07999194core:MotorVehicles2024-06-30 07999194core:FurnitureFittings2024-06-30 07999194business:OrdinaryShareClass12023-07-012024-06-30 07999194business:OrdinaryShareClass12022-07-012023-06-30 07999194business:OrdinaryShareClass22023-07-012024-06-30 07999194business:OrdinaryShareClass22022-07-012023-06-30 07999194business:OrdinaryShareClass32023-07-012024-06-30 07999194business:OrdinaryShareClass32022-07-012023-06-30 07999194business:OrdinaryShareClass42023-07-012024-06-30 07999194business:OrdinaryShareClass42022-07-012023-06-30 07999194business:AllOrdinaryShares2023-07-012024-06-30 07999194business:AllOrdinaryShares2022-07-012023-06-30 079991942022-07-012023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07999194 (England and Wales)
Heritage Heating & Cooling Limited Unaudited accounts for the year ended 30 June 2024
Heritage Heating & Cooling Limited Unaudited accounts Contents
Page
- 2 -
Heritage Heating & Cooling Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
128,107 
138,059 
Current assets
Inventories
38,458 
47,312 
Debtors
232,118 
175,473 
Cash at bank and in hand
161,428 
276,520 
432,004 
499,305 
Creditors: amounts falling due within one year
(269,740)
(256,530)
Net current assets
162,264 
242,775 
Total assets less current liabilities
290,371 
380,834 
Creditors: amounts falling due after more than one year
(16,829)
(29,302)
Provisions for liabilities
Deferred tax
(14,496)
(18,044)
Net assets
259,046 
333,488 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
258,946 
333,388 
Shareholders' funds
259,046 
333,488 
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 director acknowledges her 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 and authorised for issue on 17 December 2024 and were signed on its behalf by
Mrs M Easingwood Director Company Registration No. 07999194
- 3 -
Heritage Heating & Cooling Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Heritage Heating & Cooling Limited is a private company, limited by shares, registered in England and Wales, registration number 07999194. The registered office is Unit 32A, Albion Road, Sileby, Loughborough, Leicestershire, LE12 7RA.
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.
Government grants
Government grants in relation to the coronavirus job retention scheme and the small business support grant are credited to profit and loss account.
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:
Land & buildings
20% per annum on cost
Plant & machinery
20% per annum of net book value
Motor vehicles
20% per annum of net book value
Fixtures & fittings
20% per annum of net book value
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 4 -
Heritage Heating & Cooling Limited Notes to the Accounts for the year ended 30 June 2024
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
3,426 
15,794 
196,970 
27,253 
243,443 
Additions
- 
- 
21,061 
735 
21,796 
Disposals
- 
- 
(15,679)
- 
(15,679)
At 30 June 2024
3,426 
15,794 
202,352 
27,988 
249,560 
Depreciation
At 1 July 2023
3,426 
11,751 
76,313 
13,894 
105,384 
Charge for the year
- 
807 
24,832 
2,821 
28,460 
On disposals
- 
- 
(12,391)
- 
(12,391)
At 30 June 2024
3,426 
12,558 
88,754 
16,715 
121,453 
Net book value
At 30 June 2024
- 
3,236 
113,598 
11,273 
128,107 
At 30 June 2023
- 
4,043 
120,657 
13,359 
138,059 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
207,344 
155,211 
Accrued income and prepayments
24,774 
20,256 
Other debtors
- 
6 
232,118 
175,473 
- 5 -
Heritage Heating & Cooling Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,148 
17,350 
Obligations under finance leases and hire purchase contracts
13,389 
18,364 
Trade creditors
149,534 
136,434 
Taxes and social security
85,348 
74,341 
Other creditors
3,260 
2,460 
Accruals
8,061 
7,581 
269,740 
256,530 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
10,290 
Obligations under finance leases and hire purchase contracts
16,829 
19,012 
16,829 
29,302 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
70 Ordinary A shares of £1 each
70 
70 
10 Ordinary B shares of £1 each
10 
10 
10 Ordinary C shares of £1 each
10 
10 
10 Ordinary D shares of £1 each
10 
10 
100 
100 
9
Average number of employees
During the year the average number of employees was 12 (2023: 11).
- 6 -