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REGISTERED NUMBER: 09302905 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

IHeat Ltd

IHeat Ltd (Registered number: 09302905)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

IHeat Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: G W B Hinton





REGISTERED OFFICE: Cambrian Works
Gobowen Road
Oswestry
Shropshire
SY11 1HS





REGISTERED NUMBER: 09302905 (England and Wales)





ACCOUNTANTS: ABS Associates
Coolings Farm
Long Drove
Walcott Fen
Lincolnshire
LN4 4BQ

IHeat Ltd (Registered number: 09302905)

Abridged Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,996 41,448

CURRENT ASSETS
Stocks 19,934 19,734
Debtors 69,368 57,692
Cash at bank 7,109 4,986
96,411 82,412
CREDITORS
Amounts falling due within one year 152,423 75,574
NET CURRENT (LIABILITIES)/ASSETS (56,012 ) 6,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,016

)

48,286

CREDITORS
Amounts falling due after more than
one year

(35,422

)

(39,468

)

PROVISIONS FOR LIABILITIES (6,649 ) (7,875 )
NET (LIABILITIES)/ASSETS (63,087 ) 943

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (63,587 ) 443
SHAREHOLDERS' FUNDS (63,087 ) 943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

IHeat Ltd (Registered number: 09302905)

Abridged Balance Sheet - continued
31 March 2025


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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:





G W B Hinton - Director


IHeat Ltd (Registered number: 09302905)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

IHeat Ltd 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.

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 company has had a difficult year with the market for renewables and orders for sustainable eco and solar installations showing a temporary decline. The company meets it day to day working capital requirements through a short term loan facility which is repayable on demand. Since the year end the market has improved and the company has secured orders and are confident of an improvement going forwards. The director is taking all necessary steps to ensure the survival of the business and continues to adopt the going concern basis of accounting.

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

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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 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.


IHeat Ltd (Registered number: 09302905)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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 5 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 81,766
Additions 16,850
Disposals (28,498 )
At 31 March 2025 70,118
DEPRECIATION
At 1 April 2024 40,318
Charge for year 6,991
Eliminated on disposal (12,187 )
At 31 March 2025 35,122
NET BOOK VALUE
At 31 March 2025 34,996
At 31 March 2024 41,448

IHeat Ltd (Registered number: 09302905)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 15,118 14,354

6. CONTINGENT LIABILITIES

There were no contingent liabilities at the year end.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
G W B Hinton
Balance outstanding at start of year (16,312 ) 7,172
Amounts advanced - (32,484 )
Amounts repaid 318 9,000
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,994 ) (16,312 )

Amounts in brackets are due to the company. Loans are repayable on demand.

8. POST BALANCE SHEET EVENTS

There were no material post balance sheet events.

IHeat Ltd

Report of the Accountants to the Director of
IHeat Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






ABS Associates
Coolings Farm
Long Drove
Walcott Fen
Lincolnshire
LN4 4BQ


27 May 2025