Heating and Gas Solutions Limited

Registered number

11515864

Filleted Accounts

31 August 2024

Heating and Gas Solutions Limited
Registered number:		11515864
Balance Sheet
as at 31 August 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		20,441			27,254
Investments	5		50			50
			20,491			27,304

Current assets
Debtors	6	42,800			46,086
Cash at bank and in hand		12			863
		42,812			46,949

Creditors: amounts falling due within one year	7	(78,413)			(23,870)

Net current (liabilities)/assets			(35,601)			23,079

Total assets less current liabilities			(15,110)			50,383

Creditors: amounts falling due after more than one year	8		(32,226)			(40,526)



Net (liabilities)/assets			(47,336)			9,857

Capital and reserves
Called up share capital			100			100
Profit and loss account			(47,436)			9,757

Shareholders' funds			(47,336)			9,857

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Perry-Jay Nunn
Director
Approved by the board on 22 January 2025

Heating and Gas Solutions Limited
Notes to the Accounts
for the year ended 31 August 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Going Concern

	The company has an excess of liabilities over assets at 31st Auguest 2024 and the company's ability to continue trading is dependant on the full support of the company's directors and shareholders. The directors consider that the company will continue to trade for the foreseeable future and accordingly the financial statements are prepared on a going concern basis.


3	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					2		2


4	Tangible fixed assets
		Office equipment & IT		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2023	2,161		3,705		34,067		39,933
	At 31 August 2024	2,161		3,705		34,067		39,933

	Depreciation
	At 1 September 2023	2,161		3,705		6,813		12,679
	Charge for the year	-		-		6,813		6,813
	At 31 August 2024	2,161		3,705		13,626		19,492

	Net book value
	At 31 August 2024	-		-		20,441		20,441
	At 31 August 2023	-		-		27,254		27,254


5	Investments

Other
investments
£
	Cost
	At 1 September 2023							50

	At 31 August 2024							50


6	Debtors					2024		2023
£							£

	Trade debtors					-		26,635
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					5,560		5,560
	Other debtors					37,240		13,891
						42,800		46,086


7	Creditors: amounts falling due within one year					2024		2023
£							£

	Obligations under finance lease and hire purchase contracts					5,856		5,856
	Trade creditors					6,088		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					51,297		-
	Taxation and social security costs					11,963		4,041
	Other creditors					3,209		13,973
						78,413		23,870


8	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					10,865		13,309
	Obligations under finance lease and hire purchase contracts					21,361		27,217
						32,226		40,526


9	Controlling party

	The company is owned in equal shares by Perry Nunn and Chyna Nunn.


10	Other information

	Heating and Gas Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	34 Croydon Road
	Caterham
	Surrey
	CR3 6QB