HEATING CENTRE.NET LIMITED


Director	T L BIRKETT


Company Secretary	J BIRKETT


Registered Address	Nicholsons Chartered Accountants Newland House
	The Point, Weaver Road
	Lincoln
	LN6 3QN


Registered Number	03515510 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		25,118		33,029
			25,118		33,029
Current assets
Stocks		89,301		90,348
Debtors		375,474		370,837
Cash at bank and on hand		283,365		254,854
		748,140		716,039
Creditors amounts falling due within one year		(121,844)		(110,264)
Net current assets (liabilities)			626,296		605,775
Total assets less current liabilities			651,414		638,804
Provisions for liabilities			(6,280)		(8,752)
Net assets			645,134		630,052
Capital and reserves
Called up share capital			230		230
Profit and loss account			644,904		629,822
Shareholders' funds			645,134		630,052

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 23 October 2025, and are signed on its behalf by:

T L BIRKETT
Director
Registered Company No. 03515510

HEATING CENTRE.NET LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	These financial statements 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) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of VAT, rebates, trade discounts and other sales taxes.

	Employee benefits
	When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

	Current taxation
	Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Current or deferred taxation assets and liabilities are not discounted.

Current taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.  It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Current or deferred taxation assets and liabilities are not discounted.

	Deferred tax
	Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods.  It is recognised in respect of all timing differences, with certain exceptions.  

Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.  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 balance sheet date that are expected to apply to the reversal of timing differences.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.  Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25

	Stocks and work in progress
	Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

	Financial instruments
	Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at transaction price. Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and consequently measured at the present value of future payments, discounted at a market rate of interest.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and consequently measured at the present value of future payments, discounted at a market rate of interest.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	12		14

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	76,531
	Additions	412
	At 31 March 25	76,943
	Depreciation and impairment
	At 01 April 24	43,503
	Charge for year	8,322
	At 31 March 25	51,824
	Net book value
	At 31 March 25	25,118
	At 31 March 24	33,029

4.	Related party transactions
	Included within creditors is a Directors' loan account balance totalling £1,034 (2024: £722). This loan is unsecured and interest free. Included within debtors is a loan to Thomas Birkett Holdings Ltd of £285,768 (2024: £225,988). This loan is unsecured, interest free and repayable on demand. On 4 April 2024, the company became a subsidiary of Thomas Birkett Holdings Ltd, a company controlled by T L Birkett who was appointed a director on the same day.

Related party transactions

Included within creditors is a Directors' loan account balance totalling £1,034 (2024: £722). This loan is unsecured and interest free.

Included within debtors is a loan to Thomas Birkett Holdings Ltd of £285,768 (2024: £225,988). This loan is unsecured, interest free and repayable on demand.

On 4 April 2024, the company became a subsidiary of Thomas Birkett Holdings Ltd, a company controlled by T L Birkett who was appointed a director on the same day.