01 November 2023 31 October 2024 No principle activity is included 02545487 2023-11-01 02545487 2024-10-31 02545487 2023-11-01 2024-10-31 02545487 2023-10-31 02545487 2022-11-01 2023-10-31 02545487 uk-core:WithinOneYear 2024-10-31 02545487 uk-core:WithinOneYear 2023-10-31 02545487 uk-core:AfterOneYear 2024-10-31 02545487 uk-core:AfterOneYear 2023-10-31 02545487 uk-core:ShareCapital 2024-10-31 02545487 uk-core:ShareCapital 2023-10-31 02545487 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 02545487 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 02545487 uk-bus:Director1 2023-11-01 2024-10-31 02545487 uk-curr:PoundSterling 2023-11-01 2024-10-31 02545487 uk-core:PlantMachinery 2023-11-01 2024-10-31 02545487 uk-core:Vehicles 2023-11-01 2024-10-31 02545487 uk-core:FurnitureFittings 2023-11-01 2024-10-31 02545487 uk-core:OfficeEquipment 2023-11-01 2024-10-31 02545487 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-10-31 02545487 uk-core:VehiclesPlantMachinery 2023-10-31 02545487 uk-core:FurnitureFittingsToolsEquipment 2023-10-31 02545487 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02545487 uk-core:VehiclesPlantMachinery 2023-11-01 2024-10-31 02545487 uk-core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 02545487 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2024-10-31 02545487 uk-core:VehiclesPlantMachinery 2024-10-31 02545487 uk-core:FurnitureFittingsToolsEquipment 2024-10-31 02545487 uk-core:Non-currentFinancialInstruments uk-core:CostValuation 2023-10-31 02545487 uk-core:Non-currentFinancialInstruments uk-core:CostValuation 2024-10-31 02545487 uk-core:Non-currentFinancialInstruments uk-core:ProvisionsForImpairmentInvestments 2024-10-31 02545487 uk-core:Non-currentFinancialInstruments 2024-10-31 02545487 uk-core:Non-currentFinancialInstruments 2023-10-31 02545487 uk-core:BetweenTwoFiveYears 2024-10-31 02545487 uk-core:BetweenTwoFiveYears 2023-10-31 02545487 uk-core:OtherThanOnDemand 2024-10-31 02545487 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2024-10-31 02545487 uk-core:MoreThanFiveYears 2024-10-31 02545487 uk-bus:FRS102 2023-11-01 2024-10-31 02545487 uk-bus:FullAccounts 2023-11-01 2024-10-31 02545487 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02545487 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  LEAGRAVE HEATING SUPPLIES LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 OCTOBER 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  LEAGRAVE HEATING SUPPLIES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
       
  DIRECTORS
       
  Mr Hassan Akhtar
  Mr Temoor Hussain
       
       
  SECRETARY
       
  Mr Hassan Akhtar
       
  REGISTERED OFFICE
       
  Unit 3 Chaul End Lane
Luton
Beds
LU4 8EZ
       
       
  COMPANY REGISTERED NUMBER
       
  02545487
       
       
  BANKERS
       
  Natwest Bank plc
       
       
       
       
       
       
       
       
  page 1
  LEAGRAVE HEATING SUPPLIES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  LEAGRAVE HEATING SUPPLIES LTD
  Company registered number: 02545487
  STATEMENT OF FINANCIAL POSITION AT 31 October 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 1,445,220 1,419,582
  Investments held as fixed assets 4 325,000 325,000
      1,770,220 1,744,582
  CURRENT ASSETS    
  Inventories   131,750 168,950
  Debtors 5 625,127 485,084
  Cash at bank and in hand   158,342 229,177
      915,219 883,211
  CREDITORS: Amounts falling due within one year 6 562,415 461,520
  NET CURRENT ASSETS   352,804 421,691
  TOTAL ASSETS LESS CURRENT LIABILITIES   2,123,024 2,166,273
           
  CREDITORS: Amounts falling due after more than one year 7 (726,676) (788,961)
  NET ASSETS   £1,396,348 £1,377,312
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   1,396,248 1,377,212
  SHAREHOLDERS' FUNDS   £1,396,348 £1,377,312
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  LEAGRAVE HEATING SUPPLIES LTD
  Company registered number: 02545487
  STATEMENT OF FINANCIAL POSITION AT 31 October 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 10 July 2025
 
  Signed on behalf of the board of directors
 
 
       
  Mr H Akhtar, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  LEAGRAVE HEATING SUPPLIES LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Leagrave Heating Supplies Ltd is a private limited company incorporated in England and Wales.
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 November 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Freehold buildings Reducing balance 1%  
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 19%  
  Equipment Reducing balance 25%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  LEAGRAVE HEATING SUPPLIES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1j. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1k. Foreign currencies
         
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
  Management and administration 4 4
  Production and sales 10 15
    14 19
   
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  LEAGRAVE HEATING SUPPLIES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 OCTOBER 2024
           
3. PROPERTY, PLANT AND EQUIPMENT
      Plant & Fixtures &  
    Freehold Machinery Equipment Total
    £ £ £ £
  Cost
           
  At 1 November 2023 1,624,139 164,091 44,702 1,832,932
  Additions other than through business combinations 42,330 - - 42,330
           
  At 31 October 2024 1,666,469 164,091 44,702 1,875,262
   
  Depreciation
           
  At 1 November 2023 214,983 154,624 43,743 413,350
  For the year 14,514 1,938 240 16,692
  At 31 October 2024 229,497 156,562 43,983 430,042
   
  Net Book Amounts
           
  At 31 October 2024 £1,436,972 £7,529 £719 £1,445,220
  At 31 October 2023 £1,409,156 £9,467 £959 £1,419,582
   
       
       
4. INVESTMENTS HELD AS FIXED ASSETS
    Other  
    investments  
    Other than  
    loans Total
    £ £
  Cost or valuation
       
  At 1 November 2023 325,000 325,000
  At 31 October 2024 325,000 325,000
   
  Amounts written off
       
  At 31 October 2024 - -
   
  Net Book Amounts
       
  At 31 October 2024 325,000 325,000
  At 31 October 2023 325,000 325,000
   
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  LEAGRAVE HEATING SUPPLIES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
       
5. DEBTORS 2024 2023
    £ £
  Trade debtors 237,132 187,862
  Other debtors 249,269 158,496
  Other debtors 138,726 138,726
    £625,127 £485,084
   
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 121,576 107,398
  Trade creditors 271,146 266,893
  Corporation tax 68,644 41,765
  Other taxes and social security 28,083 31,985
  Other creditors 63,516 4,029
  Accruals and deferred income 9,450 9,450
    £562,415 £461,520
   
       
       
       
7. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 726,676 788,961
    £726,676 £788,961
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 115,635 105,376
  within 2-5 years
  bank 462,540 324,448
    £578,175 £429,824
   
  Due after five years:
  wholly or in part by instalments 264,136 464,513
  otherwise than by instalments - -
    £264,136 £464,513
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8