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REGISTERED NUMBER: 04551812 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

EXMOOR HEATING LIMITED

EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 374,403 436,704
374,403 436,704

CURRENT ASSETS
Stocks 34,300 45,182
Debtors 6 49,700 40,487
Cash at bank and in hand 2,611 2,273
86,611 87,942
CREDITORS
Amounts falling due within one year 7 230,863 225,099
NET CURRENT LIABILITIES (144,252 ) (137,157 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,151

299,547

CREDITORS
Amounts falling due after more than one
year

8

(206,471

)

(268,381

)

PROVISIONS FOR LIABILITIES 9 (17,940 ) (29,777 )
NET ASSETS 5,740 1,389

CAPITAL AND RESERVES
Called up share capital 10 105 105
Retained earnings 11 5,635 1,284
SHAREHOLDERS' FUNDS 5,740 1,389

EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

BALANCE SHEET - continued
31 OCTOBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:




Mr P B Wakeham - Director Mrs H M Wakeham - Director




Mr M C Wakeham - Director Mrs S A Amos - Director


EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

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


1. STATUTORY INFORMATION

Exmoor Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04551812

Registered office: Blakewell Court
Muddiford
BARNSTAPLE
Devon
EX31 4ES

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Equipment - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 14 ) .

EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 4,000
AMORTISATION
At 1 November 2023
and 31 October 2024 4,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 279,981 14,561 274,503 3,654 572,699
Disposals - - (61,825 ) - (61,825 )
At 31 October 2024 279,981 14,561 212,678 3,654 510,874
DEPRECIATION
At 1 November 2023 - 11,174 122,488 2,333 135,995
Charge for year - 507 22,621 264 23,392
Eliminated on disposal - - (22,916 ) - (22,916 )
At 31 October 2024 - 11,681 122,193 2,597 136,471
NET BOOK VALUE
At 31 October 2024 279,981 2,880 90,485 1,057 374,403
At 31 October 2023 279,981 3,387 152,015 1,321 436,704

EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 154,499
Disposals (61,825 )
At 31 October 2024 92,674
DEPRECIATION
At 1 November 2023 41,451
Charge for year 14,828
Eliminated on disposal (22,916 )
At 31 October 2024 33,363
NET BOOK VALUE
At 31 October 2024 59,311
At 31 October 2023 113,048

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,280 39,294
Other debtors 1,420 1,193
49,700 40,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,217 38,994
Hire purchase contracts 17,345 26,345
Trade creditors 45,764 42,051
Taxation and social security 66,333 27,891
Other creditors 74,204 89,818
230,863 225,099

EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 165,663 182,190
Hire purchase contracts 40,808 86,191
206,471 268,381

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,940 29,777

Deferred
tax
£   
Balance at 1 November 2023 29,777
Provided during year (11,837 )
Balance at 31 October 2024 17,940

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary 'A' £1 1 1
1 Ordinary 'B' £1 1 1
1 Ordinary 'C' £1 1 1
1 Ordinary 'D' £1 1 1
1 Ordinary 'E' £1 1 1
105 105

EXMOOR HEATING LIMITED (REGISTERED NUMBER: 04551812)

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


11. RESERVES
Retained
earnings
£   

At 1 November 2023 1,284
Profit for the year 95,851
Dividends (91,500 )
At 31 October 2024 5,635