Rj Willis Heating Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11772846

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,144		6,727

			6,144		6,727
CURRENT ASSETS
Stocks	5	2,500		2,100
Debtors	6	8,584		10,904
Cash at bank and in hand		1,597		(326 )

		12,681		12,678
Creditors: Amounts Falling Due Within One Year	7	(7,259 )		(8,900 )

NET CURRENT ASSETS (LIABILITIES)			5,422		3,778

TOTAL ASSETS LESS CURRENT LIABILITIES			11,566		10,505

Creditors: Amounts Falling Due After More Than One Year	8		(16,824 )		(14,074 )

NET LIABILITIES			(5,258 )		(3,569 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(5,260 )		(3,571 )

SHAREHOLDERS' FUNDS			(5,258)		(3,569)

Page 1

Page 2

Rj Willis Heating Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Russell Willis

Director

16/07/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Rj Willis Heating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11772846 . The registered office is Midland Bank House High Street, Combe Martin, Ilfracombe, North Devon, EX34 0DY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	18
Motor Vehicles	20
Computer Equipment	25

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 4)

Page 3

Page 4

Rj Willis Heating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	7,277	8,068	3,402	18,747
Additions	-	-	1,029	1,029

As at 31 December 2024	7,277	8,068	4,431	19,776

Depreciation
As at 1 January 2024	4,373	5,590	2,057	12,020
Provided during the period	523	496	593	1,612

As at 31 December 2024	4,896	6,086	2,650	13,632

Net Book Value
As at 31 December 2024	2,381	1,982	1,781	6,144

As at 1 January 2024	2,904	2,478	1,345	6,727

5. Stocks

	2024	2023
	£	£
Stock	2,500	2,100

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	559	2,654
Due after more than one year
Trade debtors	8,025	8,250

	8,584	10,904

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	2,357	628
Bank loans and overdrafts	4,788	8,064
Other creditors	110	-
Taxation and social security	4	208

	7,259	8,900

Page 4

Page 5

Rj Willis Heating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	9,826	11,612
Other creditors	6,998	2,462

	16,824	14,074

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

Page 5