Company No:
Contents
| DIRECTOR | P A Casey |
| M J Faulkner (Resigned 01 July 2025) |
| SECRETARY | P A Casey |
| REGISTERED OFFICE | 264 Banbury Road |
| Oxford | |
| OX2 7DY | |
| United Kingdom |
| BUSINESS ADDRESS | Unit 10a |
| Granville Way | |
| Bicester | |
| Oxfordshire | |
| OX26 4JT |
| COMPANY NUMBER | 03329457 (England and Wales) |
| ACCOUNTANT | Shaw Gibbs Limited |
| 264 Banbury Road | |
| Oxford | |
| OX2 7DY | |
| United Kingdom |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 5 |
|
|
|
| 84,301 | 239,483 | |||
| Current assets | ||||
| Stocks |
|
|
||
| Debtors | 6 |
|
|
|
| Cash at bank and in hand |
|
|
||
| 693,392 | 541,028 | |||
| Creditors: amounts falling due within one year | 7 | (
|
(
|
|
| Net current assets | 471,262 | 242,734 | ||
| Total assets less current liabilities | 555,563 | 482,217 | ||
| Creditors: amounts falling due after more than one year | 8 | (
|
(
|
|
| Provision for liabilities | (
|
(
|
||
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital | 9 |
|
|
|
| Profit and loss account |
|
|
||
| Total shareholders' funds |
|
|
Director's responsibilities:
The financial statements of Central Heat Pumps Limited (registered number:
|
P A Casey
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Central Heat Pumps 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 264 Banbury Road, Oxford, OX2 7DY, United Kingdom. The principal place of business is Unit 10a, Granville Way, Bicester, Oxfordshire, OX26 4JT.
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 £.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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.
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.
| Goodwill |
|
| Land and buildings |
|
| Plant and machinery |
|
| Vehicles |
|
| Fixtures and fittings |
|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts recognised as distributions to equity holders in the financial year: | |||
| Final dividend for the financial year ended 30 April 2025 of £36.50 (2024: £81.17) per ordinary share | 43,800 | 97,400 | |
| Goodwill | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 May 2024 |
|
|
|
| At 30 April 2025 |
|
|
|
| Accumulated amortisation | |||
| At 01 May 2024 |
|
|
|
| At 30 April 2025 |
|
|
|
| Net book value | |||
| At 30 April 2025 |
|
|
|
| At 30 April 2024 |
|
|
| Land and buildings | Plant and machinery | Vehicles | Fixtures and fittings | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 May 2024 |
|
|
|
|
|
||||
| Additions |
|
|
|
|
|
||||
| Disposals | (
|
|
|
|
(
|
||||
| At 30 April 2025 |
|
|
|
|
|
||||
| Accumulated depreciation | |||||||||
| At 01 May 2024 |
|
|
|
|
|
||||
| Charge for the financial year |
|
|
|
|
|
||||
| Disposals | (
|
|
|
|
(
|
||||
| At 30 April 2025 |
|
|
|
|
|
||||
| Net book value | |||||||||
| At 30 April 2025 | 0 | 39 | 79,053 | 5,209 | 84,301 | ||||
| At 30 April 2024 | 194,390 | 52 | 38,471 | 6,570 | 239,483 |
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors |
|
|
|
| Prepayments |
|
|
|
|
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans |
|
|
|
| Trade creditors |
|
|
|
| Amounts owed to director |
|
|
|
| Accruals and deferred income |
|
|
|
| Corporation tax |
|
|
|
| Other taxation and social security |
|
|
|
| Obligations under finance leases and hire purchase contracts |
|
|
|
| Other creditors |
|
|
|
|
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans |
|
|
|
| Obligations under finance leases and hire purchase contracts |
|
|
|
|
|
|
The company's bank loans in the prior year were secured by a fixed charge over the business premises.
| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
|
|
|
|
Commitments
| 2025 | 2024 | ||
| £ | £ | ||
| Total future minimum lease payments under non-cancellable operating lease |
|
|
Included in other creditors is £39,833 (2024: £53,158) owed to a director. This amount is unsecured and interest free with no fixed repayment terms. During the year this director introduced funds of £1,079 (2024: £Nil) and withdrew funds of £14,404 (2024: £7,227).
Included in other creditors is £57,316 (2024: £62,163) owed to a director. This amount is unsecured and interest free with no fixed repayment terms. During the year this director introduced funds of £Nil (2024: £Nil) and withdrew funds of £4,847 (2024: £16,689).