REGISTERED NUMBER: 02948875 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

ADVANCED HEATING SYSTEMS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

5

DIRECTOR:

L A Brown

SECRETARY:

S C Brown

REGISTERED OFFICE:

Avebury House

6 St. Peter Street

Winchester

Hampshire

SO23 8BN

REGISTERED NUMBER:

02948875 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

CURRENT ASSETS

Debtors

4

29,690

51,977

CREDITORS

Amounts falling due within one year

5

37,273

59,942

NET CURRENT LIABILITIES

(7,583

)

(7,965

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,583

)

(7,965

)

CREDITORS

Amounts falling due after more than one year

6

20,527

16,148

NET LIABILITIES

(28,110

)

(24,113

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,210

)

(24,213

)

SHAREHOLDERS' FUNDS

(28,110

)

(24,113

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 1 April 2025 and were signed by:

L A Brown - Director

1.	STATUTORY INFORMATION

Advanced Heating Systems Ltd 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.

Financial instruments

Short term debtors and creditors are recorded as transaction price. Any losses arising from impairment are recongised in the profit and loss account.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

29,690

51,977

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,000

9,652

Taxation and social security

29,873

29,014

Other creditors

2,400

21,276

37,273

59,942

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

20,527

16,148

The company has taken a bank loan under the Government back Bounce Back Loan Scheme. As part of this scheme, the UK Government will cover interest payments for the first 12 months to June 2021. From June 2021, the loan attracts interest at a rate of 2.5%pa and is repayable in 60 monthly installments.

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

2024

2023

£

£

L A Brown

Balance outstanding at start of year

39,477

41,707

Amounts advanced

651

2,362

Amounts repaid

(21,040

)

(4,592

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,088

39,477

Interest has been charged on the overdrawn loan accounts where appropriate. The loans are repayable on demand.

8.	RELATED PARTY DISCLOSURES

At the year end, the Company owed Sue Brown, a shareholder of the Company, £0.00 (2023: £17,298)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Advanced Heating Systems Ltd for the year ended 5 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Advanced Heating Systems Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Advanced Heating Systems Ltd and state those matters that we have agreed to state to the director of Advanced Heating Systems Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advanced Heating Systems Ltd and its director for our work or for this report.

It is your duty to ensure that Advanced Heating Systems Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Advanced Heating Systems Ltd. You consider that Advanced Heating Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Advanced Heating Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

2 April 2025