Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30true2023-10-01falseNo description of principal activity88trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC178376 2023-10-01 2024-09-30 SC178376 2022-10-01 2023-09-30 SC178376 2024-09-30 SC178376 2023-09-30 SC178376 c:CompanySecretary1 2023-10-01 2024-09-30 SC178376 c:Director1 2023-10-01 2024-09-30 SC178376 c:Director2 2023-10-01 2024-09-30 SC178376 c:Director3 2023-10-01 2024-09-30 SC178376 c:Director4 2023-10-01 2024-09-30 SC178376 c:Director5 2023-10-01 2024-09-30 SC178376 c:RegisteredOffice 2023-10-01 2024-09-30 SC178376 d:Buildings 2023-10-01 2024-09-30 SC178376 d:Buildings 2024-09-30 SC178376 d:Buildings 2023-09-30 SC178376 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC178376 d:PlantMachinery 2023-10-01 2024-09-30 SC178376 d:PlantMachinery 2024-09-30 SC178376 d:PlantMachinery 2023-09-30 SC178376 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC178376 d:MotorVehicles 2023-10-01 2024-09-30 SC178376 d:MotorVehicles 2024-09-30 SC178376 d:MotorVehicles 2023-09-30 SC178376 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC178376 d:FurnitureFittings 2023-10-01 2024-09-30 SC178376 d:FurnitureFittings 2024-09-30 SC178376 d:FurnitureFittings 2023-09-30 SC178376 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC178376 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC178376 d:PatentsTrademarksLicencesConcessionsSimilar 2023-10-01 2024-09-30 SC178376 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 SC178376 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 SC178376 d:CurrentFinancialInstruments 2024-09-30 SC178376 d:CurrentFinancialInstruments 2023-09-30 SC178376 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 SC178376 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC178376 d:ShareCapital 2024-09-30 SC178376 d:ShareCapital 2023-09-30 SC178376 d:RetainedEarningsAccumulatedLosses 2024-09-30 SC178376 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC178376 c:OrdinaryShareClass1 2023-10-01 2024-09-30 SC178376 c:OrdinaryShareClass1 2024-09-30 SC178376 c:OrdinaryShareClass1 2023-09-30 SC178376 c:OrdinaryShareClass2 2023-10-01 2024-09-30 SC178376 c:OrdinaryShareClass2 2024-09-30 SC178376 c:OrdinaryShareClass2 2023-09-30 SC178376 c:OrdinaryShareClass3 2023-10-01 2024-09-30 SC178376 c:OrdinaryShareClass3 2024-09-30 SC178376 c:OrdinaryShareClass3 2023-09-30 SC178376 c:FRS102 2023-10-01 2024-09-30 SC178376 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC178376 c:FullAccounts 2023-10-01 2024-09-30 SC178376 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC178376 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC178376










SURFACE HEATING SYSTEMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SURFACE HEATING SYSTEMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
Ms S L Cummings 
Mr R T Good 
Mr S Munro 
Mr T N Scott 
Ms A Strobel 




COMPANY SECRETARY
Ms A Strobel



REGISTERED NUMBER
SC178376



REGISTERED OFFICE
66 Cavendish Way

Glenrothes

Fife

KY6 2SB




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
SURFACE HEATING SYSTEMS LIMITED
REGISTERED NUMBER: SC178376

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible fixed assets
  
232,909
241,467

  
232,909
241,467

Current assets
  

Stocks
  
95,630
83,664

Debtors: amounts falling due within one year
 6 
86,528
169,199

Cash at bank and in hand
  
308,645
315,545

  
490,803
568,408

Creditors: amounts falling due within one year
 7 
(170,662)
(161,907)

Net current assets
  
 
 
320,141
 
 
406,501

Total assets less current liabilities
  
553,050
647,968

Provisions for liabilities
  

Deferred tax
  
(5,260)
(7,386)

  
 
 
(5,260)
 
 
(7,386)

Net assets
  
547,790
640,582


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
547,690
640,482

  
547,790
640,582


Page 1

 
SURFACE HEATING SYSTEMS LIMITED
REGISTERED NUMBER: SC178376

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2025.




Ms S L Cummings
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SURFACE HEATING SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Surface Heating Systems Limited is a private company limited by shares and incorporated in Scotland. The registered office is 66 Cavendish Way, Glenrothes, Fife, KY6 2SB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
SURFACE HEATING SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SURFACE HEATING SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Research & Development
-
5
years
Page 5

 
SURFACE HEATING SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Land and buildings
-
Not depreciated
Plant and machinery
-
20% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
SURFACE HEATING SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Intangible assets




Research & Development

£



Cost


At 1 October 2023
(148,510)



At 30 September 2024

(148,510)



Amortisation


At 1 October 2023
(148,510)



At 30 September 2024

(148,510)



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 7

 
SURFACE HEATING SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
208,658
28,002
94,744
32,285
363,689



At 30 September 2024

208,658
28,002
94,744
32,285
363,689



Depreciation


At 1 October 2023
-
21,959
93,453
6,810
122,222


Charge for the year on owned assets
-
1,778
323
6,457
8,558



At 30 September 2024

-
23,737
93,776
13,267
130,780



Net book value



At 30 September 2024
208,658
4,265
968
19,018
232,909



At 30 September 2023
208,658
6,043
1,291
25,475
241,467


6.


Debtors

2024
2023
£
£


Trade debtors
74,019
155,949

Other debtors
-
956

Prepayments and accrued income
12,509
12,294

86,528
169,199


Page 8

 
SURFACE HEATING SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
35,851
23,695

Other taxation and social security
126,529
130,256

Other creditors
1,699
1,706

Accruals and deferred income
6,583
6,250

170,662
161,907



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



55 (2023 - 55) Ordinary A shares of £1.00 each
55
55
25 (2023 - 25) Ordinary B shares of £1.00 each
25
25
20 (2023 - 20) Ordinary C shares of £1.00 each
20
20

100

100



9.


Controlling party

The Company is a wholly owned subsidiary of Bomad Holdings Limited, a company registered in Scotland.
The ultimate parent company is Star 5 Holdings Limited, a company registered in Scotland.

10.


Security and guarantees

The company has granted security over its assets by way of a bond and floating charge and standard securities over the assets held.

Page 9