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REGISTERED NUMBER: 01202277 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUN REALM HEATING CO. LIMITED

SUN REALM HEATING CO. LIMITED (REGISTERED NUMBER: 01202277)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

SUN REALM HEATING CO. LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: M J Follan
Ms N Follan





SECRETARY: Ms N Follan





REGISTERED OFFICE: 27-29 Camford Way
Sundon Park
Luton
Bedfordshire
LU3 3AN





REGISTERED NUMBER: 01202277 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

SUN REALM HEATING CO. LIMITED (REGISTERED NUMBER: 01202277)

BALANCE SHEET
31 December 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
648,307 Tangible assets 5 422,044

CURRENT ASSETS
158,236 Stocks 6 121,023
2,032,676 Debtors 7 1,018,422
1,936,706 Cash at bank and in hand 3,142,552
4,127,618 4,281,997
CREDITORS
1,651,955 Amounts falling due within one year 8 1,490,466
2,475,663 NET CURRENT ASSETS 2,791,531
3,123,970 TOTAL ASSETS LESS CURRENT
LIABILITIES

3,213,575

33,571 PROVISIONS FOR LIABILITIES -
3,090,399 NET ASSETS 3,213,575

CAPITAL AND RESERVES
22,454 Called up share capital 22,454
3,067,945 Retained earnings 3,191,121
3,090,399 SHAREHOLDERS' FUNDS 3,213,575

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

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

SUN REALM HEATING CO. LIMITED (REGISTERED NUMBER: 01202277)

BALANCE SHEET - continued
31 December 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





M J Follan - Director


SUN REALM HEATING CO. LIMITED (REGISTERED NUMBER: 01202277)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Sun Realm Heating Co. Limited is a private company limited by shares, registered in England and Wales.

The company's registered number and registered office address are as follows:


Registered number 01202277

Registered address 28 Camford Way
Luton
Bedfordshire
LU3 3AN

The principal activity of the company in the year under review was that of installers, repairers and maintenance of heating appliances both domestic and commercial.

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is on invoiced value of goods and services supplied and excludes value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold factory premises - 4% on cost
Improvements to property - 4% on cost
Plant & machinery - 15% on reducing balance
Furniture & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stock & work in progress
Stock and work in progress are valued at the lower of net invoiced cost and net realisable value on a first in first out basis, after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


SUN REALM HEATING CO. LIMITED (REGISTERED NUMBER: 01202277)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 53 ) .

5. TANGIBLE FIXED ASSETS
Freehold Improvements
factory to
Totals premises property
£    £    £   
COST
At 1 January 2024 1,541,166 260,559 78,126
Additions 11,107 - -
Disposals (262,545 ) - -
At 31 December 2024 1,289,728 260,559 78,126
DEPRECIATION
At 1 January 2024 892,859 203,487 58,120
Charge for year 118,514 8,520 3,044
Eliminated on disposal (143,689 ) - -
At 31 December 2024 867,684 212,007 61,164
NET BOOK VALUE
At 31 December 2024 422,044 48,552 16,962
At 31 December 2023 648,307 57,072 20,006

SUN REALM HEATING CO. LIMITED (REGISTERED NUMBER: 01202277)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


5. TANGIBLE FIXED ASSETS - continued

Plant & Furniture Motor
machinery & equipment vehicles
£    £    £   
COST
At 1 January 2024 32,794 184,166 985,521
Additions 4,169 6,938 -
Disposals - (11,288 ) (251,257 )
At 31 December 2024 36,963 179,816 734,264
DEPRECIATION
At 1 January 2024 19,270 120,922 491,060
Charge for year 2,564 10,130 94,256
Eliminated on disposal - (9,853 ) (133,836 )
At 31 December 2024 21,834 121,199 451,480
NET BOOK VALUE
At 31 December 2024 15,129 58,617 282,784
At 31 December 2023 13,524 63,244 494,461

6. STOCKS
2024 2023
£    £   
Stock of consumables 121,023 158,236

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 869,210 1,918,965
Other debtors 79,565 6,456
Prepayments & accrued income 69,647 107,255
1,018,422 2,032,676

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 501,820 608,257
Tax 228,199 150,805
Social security & other taxes 517,655 374,860
Other creditors 67,767 84,081
Directors' current accounts 12,895 2,522
Accruals & deferred income 162,130 431,430
1,490,466 1,651,955

SUN REALM HEATING CO. LIMITED (REGISTERED NUMBER: 01202277)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,148 -
Between one and five years 3,732 -
4,880 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
M J Follan
Balance outstanding at start of year - 95,088
Amounts repaid - (95,088 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Ms N Follan
Balance outstanding at start of year - 97,046
Amounts repaid - (97,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £500,724 were paid to the directors .

SUN REALM HEATING CO. LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SUN REALM HEATING CO. LIMITED


The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 December 2024 set out on pages three to ten 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.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


13 May 2025