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Company No: 07097685 (England and Wales)

WALCOTT HEATING LIMITED

Unaudited Financial Statements
For the financial period from 01 January 2024 to 28 February 2025
Pages for filing with the registrar

WALCOTT HEATING LIMITED

Unaudited Financial Statements

For the financial period from 01 January 2024 to 28 February 2025

Contents

WALCOTT HEATING LIMITED

BALANCE SHEET

As at 28 February 2025
WALCOTT HEATING LIMITED

BALANCE SHEET (continued)

As at 28 February 2025
Note 28.02.2025 31.12.2023
£ £
Fixed assets
Tangible assets 3 10,299 11,391
10,299 11,391
Current assets
Stocks 300 250
Debtors 4 902 215
Cash at bank and in hand 48,496 42,438
49,698 42,903
Creditors: amounts falling due within one year 5 ( 24,926) ( 22,626)
Net current assets 24,772 20,277
Total assets less current liabilities 35,071 31,668
Provision for liabilities ( 1,023) ( 985)
Net assets 34,048 30,683
Capital and reserves
Called-up share capital 100 100
Profit and loss account 33,948 30,583
Total shareholders' funds 34,048 30,683

For the financial period ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Walcott Heating Limited (registered number: 07097685) were approved and authorised for issue by the Director on 05 August 2025. They were signed on its behalf by:

Michael John Berry
Director
WALCOTT HEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2024 to 28 February 2025
WALCOTT HEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2024 to 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Walcott Heating Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 72 Walcott Avenue, Christchurch, Dorset, BH23 2NG.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The accounting period has been extended to a 14 month period.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
01.01.2024 to
28.02.2025
Year ended
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 2 1

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 January 2024 6,207 3,443 18,140 3,209 30,999
Additions 0 480 0 0 480
At 28 February 2025 6,207 3,923 18,140 3,209 31,479
Accumulated depreciation
At 01 January 2024 0 3,014 14,911 1,683 19,608
Charge for the financial period 0 185 942 445 1,572
At 28 February 2025 0 3,199 15,853 2,128 21,180
Net book value
At 28 February 2025 6,207 724 2,287 1,081 10,299
At 31 December 2023 6,207 429 3,229 1,526 11,391

4. Debtors

28.02.2025 31.12.2023
£ £
Trade debtors 103 82
Other debtors 799 133
902 215

5. Creditors: amounts falling due within one year

28.02.2025 31.12.2023
£ £
Trade creditors 6,887 5,537
Corporation tax 9,111 9,265
Other taxation and social security 6,477 3,303
Other creditors 2,451 4,521
24,926 22,626