REGISTERED NUMBER: 13497238 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2024

FOR

STOR HEAT PUMPS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S J Baxter

Mr J L Brennan

REGISTERED OFFICE:

7c International House Battle Road

Heathfield

Newton Abbot

Devon

TQ12 6RY

REGISTERED NUMBER:

13497238 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

NatWest

19 East Street

Ashburton

Newton Abbot

Devon

TQ13 7AF

FIXED ASSETS

Tangible assets

4

634

949

CURRENT ASSETS

Debtors

5

234,090

96,862

Cash at bank

15,972

31,255

250,062

128,117

CREDITORS

Amounts falling due within one year

6

105,358

89,752

NET CURRENT ASSETS

144,704

38,365

TOTAL ASSETS LESS CURRENT LIABILITIES

145,338

39,314

PROVISIONS FOR LIABILITIES

159

251

NET ASSETS

145,179

39,063

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

144,879

38,763

SHAREHOLDERS' FUNDS

145,179

39,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:

Mr J L Brennan - Director

1.	STATUTORY INFORMATION

Stor Heat Pumps Limited 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.

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.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 31 July 2023

1,689

Additions

566

Disposals

(1,273

)

At 30 July 2024

982

DEPRECIATION

At 31 July 2023

740

Charge for year

245

Eliminated on disposal

(637

)

At 30 July 2024

348

NET BOOK VALUE

At 30 July 2024

634

At 30 July 2023

949

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

60,201

37,604

Other debtors

14,337

2,441

Directors' current accounts

113,280

29,937

Tax

10,104

-

VAT

-

11,316

Prepayments

36,168

15,564

234,090

96,862

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Payments on account

-

50,000

Trade creditors

17,208

8,333

Tax

69,612

20,994

Social security and other taxes

12,556

7,863

VAT

978

-

Other creditors

197

-

Directors' current accounts

-

235

Accruals and deferred income

4,807

2,327

105,358

89,752

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 July 2024 and the period ended 30 July 2023:

2024

2023

£

£

Mr S J Baxter

Balance outstanding at start of year

(235

)

100

Amounts advanced

32,914

38,165

Amounts repaid

-

(38,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,679

(235

)

Mr G Latto

Balance outstanding at start of year

-

166

Amounts advanced

-

1,758

Amounts repaid

-

(1,924

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr J L Brennan

Balance outstanding at start of year

29,937

-

Amounts advanced

50,664

29,937

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

80,601

29,937

Loan interest is charged at a rate of 2%.