The Southern Heat Pump Specialist Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14192276

		31 October 2024		31 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		27,715		31,180
Tangible Assets	5		1,770		2,250

			29,485		33,430
CURRENT ASSETS
Debtors	6	23,678		35,688
Cash at bank and in hand		1,671		6,761

		25,349		42,449
Creditors: Amounts Falling Due Within One Year	7	(54,734 )		(75,777 )

NET CURRENT ASSETS (LIABILITIES)			(29,385 )		(33,328 )

TOTAL ASSETS LESS CURRENT LIABILITIES			100		102

NET ASSETS			100		102

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			-		2

SHAREHOLDERS' FUNDS			100		102

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The Southern Heat Pump Specialist Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 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 Bradley Ransome

Director

31/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Southern Heat Pump Specialist Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14192276 . The registered office is Boston House, Downsview Road, Wantage, OX12 9FF.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Motor Vehicles	25% Straight Line
Computer Equipment	20% Straight Line

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2023	34,644

As at 31 October 2024	34,644

Amortisation
As at 1 November 2023	3,464
Provided during the period	3,465

As at 31 October 2024	6,929

...CONTINUED

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The Southern Heat Pump Specialist Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

Net Book Value
As at 31 October 2024	27,715

As at 1 November 2023	31,180

5. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2023	3,000	-	3,000
Additions	-	338	338

As at 31 October 2024	3,000	338	3,338

Depreciation
As at 1 November 2023	750	-	750
Provided during the period	750	68	818

As at 31 October 2024	1,500	68	1,568

Net Book Value
As at 31 October 2024	1,500	270	1,770

As at 1 November 2023	2,250	-	2,250

6. Debtors

	31 October 2024	31 October 2023
	£	£
Due within one year
Trade debtors	8,530	16,527
Other debtors	15,148	19,161

	23,678	35,688

Other Debtors includes Directors Loans. These loans are unsecured, interest free and repayable within 9 months.

7. Creditors: Amounts Falling Due Within One Year

	31 October 2024	31 October 2023
	£	£
Trade creditors	8,525	5,451
Other creditors	-	12,451
Taxation and social security	46,209	57,875

	54,734	75,777

8. Share Capital

	31 October 2024	31 October 2023
	£	£
Allotted, Called up and fully paid	100	100

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