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Company Registration No. 7946524 (England and Wales)
Banbury Heating Supplies Ltd Unaudited accounts for the year ended 30 April 2025
Banbury Heating Supplies Ltd Unaudited accounts Contents
Page
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Banbury Heating Supplies Ltd Company Information for the year ended 30 April 2025
Director
L Gurr
Company Number
7946524 (England and Wales)
Registered Office
Moreton House 31 High Street Buckingham MK18 1NU
Accountants
XEINADIN Moreton House 31 High Street Buckingham Bucks MK18 1NU
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Banbury Heating Supplies Ltd Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
316,250 
361,250 
Tangible assets
223,013 
208,091 
539,263 
569,341 
Current assets
Inventories
510,232 
513,167 
Debtors
450,824 
634,683 
Cash at bank and in hand
374,014 
369,565 
1,335,070 
1,517,415 
Creditors: amounts falling due within one year
(469,137)
(510,828)
Net current assets
865,933 
1,006,587 
Total assets less current liabilities
1,405,196 
1,575,928 
Provisions for liabilities
Deferred tax
(24,767)
(21,037)
Net assets
1,380,429 
1,554,891 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,380,428 
1,554,890 
Shareholders' funds
1,380,429 
1,554,891 
For the year ending 30 April 2025 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 2 June 2025 and were signed on its behalf by
L Gurr Director Company Registration No. 7946524
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Banbury Heating Supplies Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Banbury Heating Supplies Ltd is a private company, limited by shares, registered in England and Wales, registration number 7946524. The registered office is Moreton House, 31 High Street, Buckingham, MK18 1NU.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Motor vehicles
20% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
20% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Banbury Heating Supplies Ltd Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 May 2024
900,000 
1,250 
901,250 
At 30 April 2025
900,000 
1,250 
901,250 
Amortisation
At 1 May 2024
540,000 
- 
540,000 
Charge for the year
45,000 
- 
45,000 
At 30 April 2025
585,000 
- 
585,000 
Net book value
At 30 April 2025
315,000 
1,250 
316,250 
At 30 April 2024
360,000 
1,250 
361,250 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 May 2024
123,942 
5,373 
111,735 
101,715 
49,822 
392,587 
Additions
- 
- 
- 
47,626 
317 
47,943 
At 30 April 2025
123,942 
5,373 
111,735 
149,341 
50,139 
440,530 
Depreciation
At 1 May 2024
- 
3,331 
65,813 
78,877 
36,475 
184,496 
Charge for the year
- 
511 
11,480 
17,616 
3,414 
33,021 
At 30 April 2025
- 
3,842 
77,293 
96,493 
39,889 
217,517 
Net book value
At 30 April 2025
123,942 
1,531 
34,442 
52,848 
10,250 
223,013 
At 30 April 2024
123,942 
2,042 
45,922 
22,838 
13,347 
208,091 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
426,506 
603,025 
Accrued income and prepayments
15,985 
15,858 
Other debtors
8,333 
15,800 
450,824 
634,683 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
74,126 
83,469 
Trade creditors
279,822 
334,256 
Taxes and social security
114,489 
92,403 
Accruals
700 
700 
469,137 
510,828 
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Banbury Heating Supplies Ltd Notes to the Accounts for the year ended 30 April 2025
8
Average number of employees
During the year the average number of employees was 14 (2024: 16).
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