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REGISTERED NUMBER: 11011989 (England and Wales)












HYDROHEAT UNDERFLOOR HEATING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






HYDROHEAT UNDERFLOOR HEATING LTD (REGISTERED NUMBER: 11011989)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HYDROHEAT UNDERFLOOR HEATING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: T J Kavanagh
L T Napier





REGISTERED OFFICE: Unit 3-4 Freckleton Enterprise Park
Bush Lane
Freckleton
Preston
PR4 1UH





REGISTERED NUMBER: 11011989 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

HYDROHEAT UNDERFLOOR HEATING LTD (REGISTERED NUMBER: 11011989)

ABRIDGED BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,237 30,398

CURRENT ASSETS
Stocks 145,483 127,407
Debtors 235,765 143,333
Cash at bank 17,505 60,053
398,753 330,793
CREDITORS
Amounts falling due within one year 308,334 289,491
NET CURRENT ASSETS 90,419 41,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,656

71,700

CREDITORS
Amounts falling due after more than
one year

5

(80,267

)

-

PROVISIONS FOR LIABILITIES (5,132 ) -
NET ASSETS 108,257 71,700

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 40,000 40,000
Retained earnings 68,157 31,600
SHAREHOLDERS' FUNDS 108,257 71,700

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

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:
(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.

HYDROHEAT UNDERFLOOR HEATING LTD (REGISTERED NUMBER: 11011989)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





L T Napier - Director


HYDROHEAT UNDERFLOOR HEATING LTD (REGISTERED NUMBER: 11011989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Hydroheat Underfloor Heating Ltd 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.

These financial statements are presented in Sterling, which is the functional currency of the company. Monetary values in these financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


HYDROHEAT UNDERFLOOR HEATING LTD (REGISTERED NUMBER: 11011989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 7 ) .

HYDROHEAT UNDERFLOOR HEATING LTD (REGISTERED NUMBER: 11011989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 70,624
Additions 103,474
Disposals (15,359 )
At 31 October 2024 158,739
DEPRECIATION
At 1 November 2023 40,226
Charge for year 30,635
Eliminated on disposal (15,359 )
At 31 October 2024 55,502
NET BOOK VALUE
At 31 October 2024 103,237
At 31 October 2023 30,398

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 November 2023 53,355
Additions 100,948
At 31 October 2024 154,303
DEPRECIATION
At 1 November 2023 24,009
Charge for year 29,242
At 31 October 2024 53,251
NET BOOK VALUE
At 31 October 2024 101,052
At 31 October 2023 29,346

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,410 -

HYDROHEAT UNDERFLOOR HEATING LTD (REGISTERED NUMBER: 11011989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 30,627 30,866
Hire purchase contracts 89,749 43,445
120,376 74,311

Bank loans are secured by a fixed and floating charge over the assets of the company.

The balances on hire purchase contracts are secured against the asset the contract relates to.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
T J Kavanagh
Balance outstanding at start of year - -
Amounts advanced 46,078 -
Amounts repaid (25,200 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,878 -

L T Napier
Balance outstanding at start of year - -
Amounts advanced 50,134 -
Amounts repaid (25,200 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,934 -

The advances to the directors are repayable on demand and interest free.