B & R Heating Limited - Filleted accounts

Registered number

05282008

B & R Heating Limited

Filleted Accounts

31 January 2025

B & R Heating Limited
Registered number:		05282008
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			8,083
Tangible assets	4		44,038			33,999
			44,038			42,082

Current assets
Stocks		3,250			4,175
Debtors	5	65,934			60,968
Cash at bank and in hand		115,989			160,033
		185,173			225,176

Creditors: amounts falling due within one year	6	(104,528)			(136,952)

Net current assets			80,645			88,224

Total assets less current liabilities			124,683			130,306

Creditors: amounts falling due after more than one year	7		(2,920)			(8,699)

Provisions for liabilities			(8,367)			(6,460)


Net assets			113,396			115,147

Capital and reserves
Called up share capital			1,101			1,101
Profit and loss account			112,295			114,046

Shareholders' funds			113,396			115,147

The directors are 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 directors acknowledge their 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.




Mrs N J M Pedrick
Director
Approved by the board on 8 May 2025

B & R Heating Limited
Notes to the Accounts
for the year ended 31 January 2025


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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery	15% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2024					161,660
	At 31 January 2025					161,660

	Amortisation
	At 1 February 2024					153,577
	Provided during the year					8,083
	At 31 January 2025					161,660

	Net book value
	At 31 January 2025					-
	At 31 January 2024					8,083

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2024	78,041		72,995		151,036
	Additions	1,979		32,429		34,408
	Disposals	-		(25,242)		(25,242)
	At 31 January 2025	80,020		80,182		160,202

	Depreciation
	At 1 February 2024	64,294		52,743		117,037
	Charge for the year	2,359		8,107		10,466
	On disposals	-		(11,339)		(11,339)
	At 31 January 2025	66,653		49,511		116,164

	Net book value
	At 31 January 2025	13,367		30,671		44,038
	At 31 January 2024	13,747		20,252		33,999


5	Debtors			2025		2024
£					£

	Trade debtors			64,395		59,942
	Other debtors			1,539		1,026
				65,934		60,968


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			8,014		11,198
	Trade creditors			49,816		52,824
	Taxation and social security costs			16,885		39,000
	Other creditors			29,813		33,930
				104,528		136,952


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			2,920		8,699


8	Related party transactions

	At the start of the year the director Mrs N J M Pedrick loaned the company £24,996 which had reduced to £8,054 at 31st January 2025. At the start of the year the director Mr R B Pedrick loaned the company £8,119 which had increased to £18,530 at 31st January 2025.


9	Other information

	B & R Heating Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Coscombe Circus
	Plymstock
	Plymouth
	Devon
	PL9 7FF