IRIS Accounts Production v25.1.0.734 12046243 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120462432023-07-31120462432024-07-31120462432023-08-012024-07-31120462432022-07-31120462432022-08-012023-07-31120462432023-07-3112046243ns15:EnglandWales2023-08-012024-07-3112046243ns14:PoundSterling2023-08-012024-07-3112046243ns10:Director12023-08-012024-07-3112046243ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112046243ns10:SmallEntities2023-08-012024-07-3112046243ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112046243ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112046243ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112046243ns10:AbridgedAccounts2023-08-012024-07-311204624312023-08-012024-07-3112046243ns10:OrdinaryShareClass12023-08-012024-07-31120462431ns10:OrdinaryShareClass12023-08-012024-07-3112046243ns10:Director22023-08-012024-07-3112046243ns10:Director32023-08-012024-07-3112046243ns10:Director42023-08-012024-07-3112046243ns10:RegisteredOffice2023-08-012024-07-3112046243ns5:CurrentFinancialInstruments2024-07-3112046243ns5:CurrentFinancialInstruments2023-07-3112046243ns5:Non-currentFinancialInstruments2024-07-3112046243ns5:Non-currentFinancialInstruments2023-07-3112046243ns5:ShareCapital2024-07-3112046243ns5:ShareCapital2023-07-3112046243ns5:RetainedEarningsAccumulatedLosses2024-07-3112046243ns5:RetainedEarningsAccumulatedLosses2023-07-3112046243ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3112046243ns5:ComputerSoftware2023-08-012024-07-3112046243ns5:LeaseholdImprovements2023-08-012024-07-3112046243ns5:PlantMachinery2023-08-012024-07-3112046243ns5:FurnitureFittings2023-08-012024-07-3112046243ns5:ComputerEquipment2023-08-012024-07-3112046243ns10:OrdinaryShareClass12024-07-31120462433ns10:Director32023-07-31120462433ns10:Director32022-07-31120462433ns10:Director32023-08-012024-07-31120462433ns10:Director32022-08-012023-07-31120462433ns10:Director32024-07-31120462433ns10:Director32023-07-31
REGISTERED NUMBER: 12046243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

IHEATING SOLUTIONS LIMITED

IHEATING SOLUTIONS LIMITED (REGISTERED NUMBER: 12046243)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IHEATING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: R G Hope
S C Day
J Lovatt
A J W Tate





REGISTERED OFFICE: 673 Chorley Road
Westhoughton
Bolton
BL5 3NF





REGISTERED NUMBER: 12046243 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

IHEATING SOLUTIONS LIMITED (REGISTERED NUMBER: 12046243)

ABRIDGED BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 41,696 64,692
Tangible assets 5 76,127 95,249
117,823 159,941

CURRENT ASSETS
Stocks 15,313 13,955
Debtors 303,172 289,842
Cash at bank and in hand 220,010 21,642
538,495 325,439
CREDITORS
Amounts falling due within one year 913,961 930,250
NET CURRENT LIABILITIES (375,466 ) (604,811 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(257,643

)

(444,870

)

CREDITORS
Amounts falling due after more than one
year

9,167

19,167
NET LIABILITIES (266,810 ) (464,037 )

CAPITAL AND RESERVES
Called up share capital 6 152 100
Retained earnings (266,962 ) (464,137 )
SHAREHOLDERS' FUNDS (266,810 ) (464,037 )

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

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

IHEATING SOLUTIONS LIMITED (REGISTERED NUMBER: 12046243)

ABRIDGED BALANCE SHEET - continued
31ST JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd April 2025 and were signed on its behalf by:





R G Hope - Director


IHEATING SOLUTIONS LIMITED (REGISTERED NUMBER: 12046243)

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

1. STATUTORY INFORMATION

Iheating Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis which assumes the continuing support of the company's creditors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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 Statement of Income and Retained Earnings, 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.


IHEATING SOLUTIONS LIMITED (REGISTERED NUMBER: 12046243)

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

2. ACCOUNTING POLICIES - continued
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
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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023
and 31st July 2024 114,978
AMORTISATION
At 1st August 2023 50,286
Amortisation for year 22,996
At 31st July 2024 73,282
NET BOOK VALUE

At 31st July 2024 41,696
At 31st July 2023 64,692

IHEATING SOLUTIONS LIMITED (REGISTERED NUMBER: 12046243)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023 142,466
Additions 2,148
At 31st July 2024 144,614
DEPRECIATION
At 1st August 2023 47,217
Charge for year 21,270
At 31st July 2024 68,487
NET BOOK VALUE
At 31st July 2024 76,127
At 31st July 2023 95,249

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
152 Ordinary £1 152 100

52 Ordinary shares of £1 were issued during the year for cash of £ 52 .

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
J Lovatt
Balance outstanding at start of year - 4,998
Amounts repaid - (4,998 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

8. ULTIMATE CONTROLLING PARTY

The company is controlled by three of its directors who, between them, own all of the issued share capital