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REGISTERED NUMBER: 05872769 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

HEATFIX SERVICES LTD

HEATFIX SERVICES LTD (REGISTERED NUMBER: 05872769)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance sheet 1

Notes to the financial statements 2


HEATFIX SERVICES LTD (REGISTERED NUMBER: 05872769)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 13,386 17,853

Current assets
Stocks 6,500 1,500
Debtors 5 59,409 36,035
Cash at bank 212,867 224,437
278,776 261,972
Creditors
Amounts falling due within one year 6 98,560 85,515
Net current assets 180,216 176,457
Total assets less current liabilities 193,602 194,310

Creditors
Amounts falling due after more than one year 7 (8,334 ) (21,086 )

Provisions for liabilities 9 (3,079 ) (3,392 )
Net assets 182,189 169,832

Capital and reserves
Called up share capital 10 51 51
Capital redemption reserve 49 49
Retained earnings 182,089 169,732
Shareholders' funds 182,189 169,832

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:



Mr T White - Director


HEATFIX SERVICES LTD (REGISTERED NUMBER: 05872769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. Statutory information

Heatfix Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05872769. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 73 Glenmoor Road, Ferndown, Dorset, BH22 8JQ.

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 represents income received for the provision of plumbing and heating services net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued using the 'percentage of completion' method in line with FRS102 requirements.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

HEATFIX SERVICES LTD (REGISTERED NUMBER: 05872769)

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


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 August 2023 961 67,795 2,857 71,613
Additions - - 205 205
Disposals (317 ) - (750 ) (1,067 )
At 31 July 2024 644 67,795 2,312 70,751
Depreciation
At 1 August 2023 463 51,724 1,573 53,760
Charge for year 105 4,018 340 4,463
Eliminated on disposal (241 ) - (617 ) (858 )
At 31 July 2024 327 55,742 1,296 57,365
Net book value
At 31 July 2024 317 12,053 1,016 13,386
At 31 July 2023 498 16,071 1,284 17,853

Assets held under hire purchase finance leases as at the year ended 31 July 2024 are held at cost of £24,995 and accumulated depreciation of £14,450.

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 26,382 35,001
Directors' current accounts 20,049 -
VAT 11,822 -
Prepayments 1,156 1,034
59,409 36,035

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,752 5,256
Trade creditors 26,840 919
Tax 44,442 53,948
PAYE 1,184 1,024
Wages creditor - 3,189
VAT - 395
Other creditors 9,727 7,079
Directors' current accounts - 452
Accruals and deferred income 3,615 3,253
98,560 85,515

HEATFIX SERVICES LTD (REGISTERED NUMBER: 05872769)

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


7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 8,334 10,000
Bank loans - 2-5 years - 8,334
Hire purchase contracts - 2,752
8,334 21,086

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 2,752 8,008

Amounts owing under hire purchase agreements are secured against the assets to which they relate.

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 3,079 3,392

Deferred
tax
£   
Balance at 1 August 2023 3,392
Provided during year (313 )
Balance at 31 July 2024 3,079

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A £1 51 51

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr T White
Balance outstanding at start of year - -
Amounts advanced 20,049 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,049 -

HEATFIX SERVICES LTD (REGISTERED NUMBER: 05872769)

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


11. Director's advances, credits and guarantees - continued

At the balance sheet date the Director, Mr T White, owed the company £20,049 (2024: £Nil). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

12. Ultimate controlling party

The company is controlled by the director Mr T White, who owns 100% of the issued share capital.