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STONECOT HEATING SERVICES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024






STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONECOT HEATING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: G R D Camoccio





REGISTERED OFFICE: 690 London Road
Sutton
Surrey
SM3 9BY





REGISTERED NUMBER: 04364181 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,503 173,956

CURRENT ASSETS
Stocks 65,000 75,000
Debtors 5 23,912 24,706
Cash at bank and in hand 3,994 541
92,906 100,247
CREDITORS
Amounts falling due within one year 6 106,055 144,926
NET CURRENT LIABILITIES (13,149 ) (44,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,354

129,277

CREDITORS
Amounts falling due after more than one
year

7

(71,723

)

(80,274

)

PROVISIONS FOR LIABILITIES (177 ) -
NET ASSETS 72,454 49,003

CAPITAL AND RESERVES
Called up share capital 8 99 99
Retained earnings 9 72,355 48,904
SHAREHOLDERS' FUNDS 72,454 49,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

BALANCE SHEET - continued
31ST JANUARY 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 12th March 2025 and were signed by:





G R D Camoccio - Director


STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Stonecot Heating Services 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.
Long leasehold - Over the estimated life of the property
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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. In the opinion of the directors, the losses will reverse in the near future and so a provision has been made for the Corporation tax asset on the loss carried forward.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2023 158,174 8,251 24,000 11,517 201,942
Disposals - - (24,000 ) - (24,000 )
At 31st January 2024 158,174 8,251 - 11,517 177,942
DEPRECIATION
At 1st February 2023 1,600 7,240 7,857 11,289 27,986
Charge for year - 253 - 57 310
Eliminated on disposal - - (7,857 ) - (7,857 )
At 31st January 2024 1,600 7,493 - 11,346 20,439
NET BOOK VALUE
At 31st January 2024 156,574 758 - 171 157,503
At 31st January 2023 156,574 1,011 16,143 228 173,956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 10,443 10,933
Other debtors 13,469 13,773
23,912 24,706

Deferred tax asset
31.1.23
£   
Accelerated capital allowances (3,303 )
Tax losses carried forward 8,415
5,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,408 20,426
Trade creditors 63,553 97,574
Taxation and social security 29,099 23,931
Other creditors 2,995 2,995
106,055 144,926

STONECOT HEATING SERVICES LIMITED (REGISTERED NUMBER: 04364181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 49,995 59,601
Amounts owed to associates 21,728 20,673
71,723 80,274

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,642 1,642

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
99 Ordinary £1 99 99

9. RESERVES
Retained
earnings
£   

At 1st February 2023 48,904
Profit for the year 23,451
At 31st January 2024 72,355

10. RELATED PARTY DISCLOSURES

At the end of the year, the company was owed £10,112 by the director (2023: £3,842). This amount was interest free and repayable on demand.

Sums were also owed to Beechmore Construction Ltd, an associated company. At the year end, the balance due was £21,728 (2023: £22,995). These sums were interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

Control of the company lies with Gary Camoccio by virtue of his holding 66% of the issued share capital.