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Company registration number: 04170892
Heatcraft (Plumbing & Heating Services) Limited
Unaudited abridged financial statements
31 March 2025
Heatcraft (Plumbing & Heating Services) Limited
Contents
Directors and other information
Directors report
Abridged statement of comprehensive income
Abridged statement of financial position
Notes to the financial statements
Heatcraft (Plumbing & Heating Services) Limited
Directors and other information
Directors M T Joyce
J D Hargreaves
Secretary S R Joyce
Company number 04170892
Registered office 349 Bury Old Road
Prestwich
Manchester
M25 1PY
Business address Old Cheshire Cheese
181 Manchester Road
Altrincham
Cheshire
WA14 5NT
Accountants Adlers
349 Bury Old Road
Prestwich
Manchester
M25 1PY
Heatcraft (Plumbing & Heating Services) Limited
Directors report
Year ended 31 March 2025
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.
Directors
The directors who served the company during the year were as follows:
M T Joyce
J D Hargreaves
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 24 July 2025 and signed on behalf of the board by:
M T Joyce
Director
Heatcraft (Plumbing & Heating Services) Limited
Abridged statement of comprehensive income
Year ended 31 March 2025
2025 2024
Note £ £
Gross profit 917,276 669,132
Administrative expenses ( 782,543) ( 432,187)
_______ _______
Operating profit 134,733 236,945
Other interest receivable and similar income 15,196 11,284
Interest payable and similar expenses ( 4,234) ( 792)
_______ _______
Profit before taxation 4 145,695 247,437
Tax on profit ( 23,327) ( 79,683)
_______ _______
Profit for the financial year and total comprehensive income 122,368 167,754
_______ _______
All the activities of the company are from continuing operations.
Heatcraft (Plumbing & Heating Services) Limited
Abridged statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 403,977 290,446
_______ _______
403,977 290,446
Current assets
Stocks 54,444 64,488
Debtors 357,158 598,459
Cash at bank and in hand 437,477 402,697
_______ _______
849,079 1,065,644
Creditors: amounts falling due
within one year ( 469,727) ( 663,828)
_______ _______
Net current assets 379,352 401,816
_______ _______
Total assets less current liabilities 783,329 692,262
Creditors: amounts falling due
after more than one year ( 51,151) ( 480)
_______ _______
Net assets 732,178 691,782
_______ _______
Capital and reserves
Called up share capital 107 107
Profit and loss account 732,071 691,675
_______ _______
Shareholders funds 732,178 691,782
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 24 July 2025 , and are signed on behalf of the board by:
M T Joyce
Director
Company registration number: 04170892
Heatcraft (Plumbing & Heating Services) Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 349 Bury Old Road, Prestwich, Manchester, M25 1PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2025 2024
£ £
Depreciation of tangible assets 53,019 48,321
_______ _______
5. Tangible assets
£
Cost
At 1 April 2024 864,253
Additions 187,369
Disposals ( 87,548)
_______
At 31 March 2025 964,074
_______
Depreciation
At 1 April 2024 573,805
Charge for the year 53,018
Disposals ( 66,726)
_______
At 31 March 2025 560,097
_______
Carrying amount
At 31 March 2025 403,977
_______
At 31 March 2024 290,448
_______