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REGISTERED NUMBER: 03889774 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FURNESS HEATING COMPONENTS LIMITED

FURNESS HEATING COMPONENTS LIMITED (REGISTERED NUMBER: 03889774)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


FURNESS HEATING COMPONENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: Mr A J Whalley
Mr D J Brough





SECRETARY: Mr D J Brough





REGISTERED OFFICE: 19 Abbey Road
Barrow In Furness
Cumbria
LA14 5UD





REGISTERED NUMBER: 03889774 (England and Wales)





ACCOUNTANTS: R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FURNESS HEATING COMPONENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD


Date: .............................................

FURNESS HEATING COMPONENTS LIMITED (REGISTERED NUMBER: 03889774)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,115 71,039
Investments 5 6,047 6,047
78,162 77,086

CURRENT ASSETS
Stocks 80,000 70,000
Debtors 6 189,992 79,503
Cash at bank and in hand 91,590 120,661
361,582 270,164
CREDITORS
Amounts falling due within one year 7 254,382 210,480
NET CURRENT ASSETS 107,200 59,684
TOTAL ASSETS LESS CURRENT LIABILITIES 185,362 136,770

CREDITORS
Amounts falling due after more than one
year

8

1,741

10,470
NET ASSETS 183,621 126,300

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 10 183,617 126,296
SHAREHOLDERS' FUNDS 183,621 126,300

FURNESS HEATING COMPONENTS LIMITED (REGISTERED NUMBER: 03889774)

BALANCE SHEET - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:




Mr A J Whalley - Director



Mr D J Brough - Director


FURNESS HEATING COMPONENTS LIMITED (REGISTERED NUMBER: 03889774)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Furness Heating Components Limited 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the remaining term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

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

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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.

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.

FURNESS HEATING COMPONENTS LIMITED (REGISTERED NUMBER: 03889774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
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 5 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2024 153,609 4,617 19,721
Additions 6,962 - -
At 31 March 2025 160,571 4,617 19,721
DEPRECIATION
At 1 April 2024 88,585 4,617 19,666
Charge for year 7,743 - 14
At 31 March 2025 96,328 4,617 19,680
NET BOOK VALUE
At 31 March 2025 64,243 - 41
At 31 March 2024 65,024 - 55

FURNESS HEATING COMPONENTS LIMITED (REGISTERED NUMBER: 03889774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 11,491 18,391 207,829
Additions - 3,496 10,458
At 31 March 2025 11,491 21,887 218,287
DEPRECIATION
At 1 April 2024 5,566 18,356 136,790
Charge for year 1,481 144 9,382
At 31 March 2025 7,047 18,500 146,172
NET BOOK VALUE
At 31 March 2025 4,444 3,387 72,115
At 31 March 2024 5,925 35 71,039

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024
and 31 March 2025 6,047
NET BOOK VALUE
At 31 March 2025 6,047
At 31 March 2024 6,047

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 88,724 55,316
Other debtors 93,602 20,677
Prepayments 7,666 3,510
189,992 79,503

FURNESS HEATING COMPONENTS LIMITED (REGISTERED NUMBER: 03889774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,463 11,931
Trade creditors 174,735 180,578
Corporation tax 17,279 -
Social security and other taxes 1,562 2,312
VAT 13,951 4,173
Other creditors 35,528 7,232
Directors' current accounts - 3,500
Accruals and deferred income 864 754
254,382 210,480

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 1,741 10,470

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
4 Ordinary £1 4 4

10. RESERVES
Retained
earnings
£   

At 1 April 2024 126,296
Profit for the year 57,321
At 31 March 2025 183,617

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Creditors at year end is an amount of £Nil (2024: £3,500). The balance was not overdrawn at any point during the current year.

12. RELATED PARTY DISCLOSURES

During the year dividends paid to the parent company, Furness Heating Limited, were £nil (2024 : £Nil).

13. ULTIMATE CONTROLLING PARTY

The company is under the control of Furness Heating Ltd who owns 100% of the issue share capital at the year end.