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Company Registration No. 11599434 (England and Wales)
George Welch Heating Solutions Ltd Unaudited accounts for the year ended 31 October 2024
George Welch Heating Solutions Ltd Unaudited accounts Contents
Page
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George Welch Heating Solutions Ltd Company Information for the year ended 31 October 2024
Director
George Welch
Company Number
11599434 (England and Wales)
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George Welch Heating Solutions Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,598 
43,465 
Current assets
Debtors
5,923 
5,840 
Cash at bank and in hand
57,681 
40,388 
63,604 
46,228 
Creditors: amounts falling due within one year
(3,522)
(6,230)
Net current assets
60,082 
39,998 
Total assets less current liabilities
92,680 
83,463 
Creditors: amounts falling due after more than one year
(3,507)
(15,562)
Net assets
89,173 
67,901 
Capital and reserves
Profit and loss account
89,173 
67,901 
Shareholders' funds
89,173 
67,901 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 May 2025 and were signed on its behalf by
George Welch Director Company Registration No. 11599434
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George Welch Heating Solutions Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
George Welch Heating Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11599434.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
54,144 
749 
54,893 
At 31 October 2024
54,144 
749 
54,893 
Depreciation
At 1 November 2023
11,428 
- 
11,428 
Charge for the year
10,679 
188 
10,867 
At 31 October 2024
22,107 
188 
22,295 
Net book value
At 31 October 2024
32,037 
561 
32,598 
At 31 October 2023
42,716 
749 
43,465 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,035 
- 
Other debtors
1,888 
- 
5,923 
- 
Amounts falling due after more than one year
Trade debtors
- 
5,840 
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George Welch Heating Solutions Ltd Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,522 
1,835 
Taxes and social security
- 
7,779 
Other creditors
- 
1,034 
Deferred income
- 
(4,418)
3,522 
6,230 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,154 
17,888 
Other creditors
(9,340)
(2,326)
Taxes and social security
5,693 
- 
3,507 
15,562 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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