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
Banbury Heating Supplies Ltd
Company Information
for the year ended 30 April 2025
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
Banbury Heating Supplies Ltd
Statement of financial position
as at 30 April 2025
Intangible assets
316,250
361,250
Tangible assets
223,013
208,091
Inventories
510,232
513,167
Cash at bank and in hand
374,014
369,565
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
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
Banbury Heating Supplies Ltd
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
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.
Banbury Heating Supplies Ltd
Notes to the Accounts
for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 May 2024
900,000
1,250
901,250
At 30 April 2025
900,000
1,250
901,250
At 1 May 2024
540,000
-
540,000
Charge for the year
45,000
-
45,000
At 30 April 2025
585,000
-
585,000
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
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
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
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
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
279,822
334,256
Taxes and social security
114,489
92,403
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).