Registered number
12813076
BARLOW HEATING LIMITED
Filleted Accounts
31 August 2024
BARLOW HEATING LIMITED
Registered number: 12813076
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,648 3,090
Tangible assets 4 21,537 22,277
24,185 25,367
Current assets
Stocks 2,000 2,000
Debtors 5 23,058 20,418
Cash at bank and in hand 4,804 4,903
29,862 27,321
Creditors: amounts falling due within one year 6 (28,350) (21,221)
Net current assets 1,512 6,100
Total assets less current liabilities 25,697 31,467
Creditors: amounts falling due after more than one year 7 (19,659) (27,109)
Net assets 6,038 4,358
Capital and reserves
Called up share capital 2 2
Profit and loss account 6,036 4,356
Shareholders' funds 6,038 4,358
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Barlow
Director
Approved by the board on 23 May 2025
BARLOW HEATING LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 4,416
At 31 August 2024 4,416
Amortisation
At 1 September 2023 1,326
Provided during the year 442
At 31 August 2024 1,768
Net book value
At 31 August 2024 2,648
At 31 August 2023 3,090
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 - 330 29,517 29,847
Additions 4,666 217 - 4,883
At 31 August 2024 4,666 547 29,517 34,730
Depreciation
At 1 September 2023 - 191 7,379 7,570
Charge for the year - 89 5,534 5,623
At 31 August 2024 - 280 12,913 13,193
Net book value
At 31 August 2024 4,666 267 16,604 21,537
At 31 August 2023 - 139 22,138 22,277
5 Debtors 2024 2023
£ £
Trade debtors 11,018 9,569
Other debtors 12,040 10,849
23,058 20,418
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 3,725 -
Trade creditors 2,751 10,233
Directors loan account 1,402 (5,014)
Corporation tax 23,136 11,818
Value Added Tax (3,864) 2,984
Other creditors 1,200 1,200
28,350 21,221
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 19,659 27,109
8 Loans 2024 2023
£ £
Creditors include:
Hire pruchase contracts 23,384 27,109
The hire purchase liability is secured upon the asset which is being purchased.
9 Other information
BARLOW HEATING LIMITED is a private company limited by shares and incorporated in England.
The Warehouse
Rear of 25 Southcote Road
Bournemouth
Dorset
BH1 3SH
BARLOW HEATING LIMITED 12813076 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2024 A Barlow No description of principal activity 12813076 2022-09-01 2023-08-31 12813076 core:WithinOneYear 2023-08-31 12813076 core:AfterOneYear 2023-08-31 12813076 core:ShareCapital 2023-08-31 12813076 core:RetainedEarningsAccumulatedLosses 2023-08-31 12813076 2023-09-01 2024-08-31 12813076 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12813076 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12813076 bus:Director40 2023-09-01 2024-08-31 12813076 core:Goodwill 2023-09-01 2024-08-31 12813076 core:LandBuildings 2023-09-01 2024-08-31 12813076 core:PlantMachinery 2023-09-01 2024-08-31 12813076 core:Vehicles 2023-09-01 2024-08-31 12813076 countries:England 2023-09-01 2024-08-31 12813076 bus:FRS102 2023-09-01 2024-08-31 12813076 bus:FilletedAccounts 2023-09-01 2024-08-31 12813076 2024-08-31 12813076 core:WithinOneYear 2024-08-31 12813076 core:AfterOneYear 2024-08-31 12813076 core:ShareCapital 2024-08-31 12813076 core:RetainedEarningsAccumulatedLosses 2024-08-31 12813076 core:Goodwill 2024-08-31 12813076 core:LandBuildings 2024-08-31 12813076 core:PlantMachinery 2024-08-31 12813076 core:Vehicles 2024-08-31 12813076 2023-08-31 12813076 core:Goodwill 2023-08-31 12813076 core:LandBuildings 2023-08-31 12813076 core:PlantMachinery 2023-08-31 12813076 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure