CONCEPT HEATING SYSTEMS LIMITED

Company Registration Number:
03788520 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

CONCEPT HEATING SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

CONCEPT HEATING SYSTEMS LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 293,100 251,300
Total fixed assets: 293,100 251,300
Current assets
Stocks: 812,445 887,019
Debtors:   980,159 694,515
Cash at bank and in hand: 740,845 1,871,815
Total current assets: 2,533,449 3,453,349
Creditors: amounts falling due within one year:   (2,105,949) (2,726,704)
Net current assets (liabilities): 427,500 726,645
Total assets less current liabilities: 720,600 977,945
Creditors: amounts falling due after more than one year:   (25,424) (24,626)
Provision for liabilities: (50,230) (39,780)
Total net assets (liabilities): 644,946 913,539
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:460,00060,000
Profit and loss account: 584,846 853,439
Shareholders funds: 644,946 913,539

The notes form part of these financial statements

CONCEPT HEATING SYSTEMS LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 March 2025
and signed on behalf of the board by:

Name: C Byrom
Status: Director

The notes form part of these financial statements

CONCEPT HEATING SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts invoiced by the company in respect of sales and services provided during the year, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life. The annual depreciation rates used on a reducing balance basis are as follows:- Freehold property 0%, Plant and equipment 20%, Motor vehicles 20%.

Valuation and information policy

Stock and work in progress are valued at the lower of cost and net realisable value. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

CONCEPT HEATING SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 46 42

CONCEPT HEATING SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 333,547
Additions 86,537
At 30 June 2024 420,084
Depreciation
At 01 July 2023 82,247
Charge for year 44,737
At 30 June 2024 126,984
Net book value
At 30 June 2024 293,100
At 30 June 2023 251,300

CONCEPT HEATING SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Revaluation reserve

2024
£
Balance at 01 July 2023 60,000
Surplus or deficit after revaluation 0
Balance at 30 June 2024 60,000