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Company No: 05174388 (England and Wales)

# PRO-HEATING SERVICES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

PRO-HEATING SERVICES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

PRO-HEATING SERVICES LIMITED

## BALANCE SHEET

As at 31 March 2025
PRO-HEATING SERVICES LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 123,153 |  | 87,077
|  | 123,153 |  | 87,077
Current assets |  |  |  |
Stocks | 4 | 25,735 |  | 20,637
Debtors | 5 | 48,490 |  | 114,943
Cash at bank and in hand |  | 57,168 |  | 61,352
|  | 131,393 |  | 196,932
Creditors: amounts falling due within one year | 6 | ( 162,163) |  | ( 205,414)
Net current liabilities |  | (30,770) |  | (8,482)
Total assets less current liabilities |  | 92,383 |  | 78,595
Creditors: amounts falling due after more than one year | 7 | ( 87,505) |  | ( 85,833)
Net assets/(liabilities) |  | 4,878 |  | ( 7,238)
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | 4,876 |  | ( 7,240 )
Total shareholders' funds/(deficit) |  | 4,878 |  | ( 7,238)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pro-Heating Services Limited (registered number: 05174388) were approved and authorised for issue by the Board of Directors on 03 November 2025. They were signed on its behalf by:

Mr I Burbage Director |  | Mr S Sullivan Director

PRO-HEATING SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
PRO-HEATING SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Pro-Heating Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is , United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents the value of work completed during the year, exclusive of VAT. It is measured at the fair value of the consideration received or receivable and is recognised when the company has completed its contractual obligations, the amount of revenue can be measured reliably, and it is probable that economic benefits will flow to the company.
For service-based work, revenue is recognised upon completion of the service or, where services are provided over a period of time, by reference to the stage of completion at the balance sheet date.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 10 years straight line
Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour, cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 7 |  | 7

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 April 2024 | 8,894 |  | 9,716 |  | 121,254 |  | 8,923 |  | 148,787
Additions | 0 |  | 0 |  | 59,420 |  | 0 |  | 59,420
Disposals | 0 |  | 0 |  | ( 19,778) |  | 0 |  | ( 19,778)
At 31 March 2025 | 8,894 |  | 9,716 |  | 160,896 |  | 8,923 |  | 188,429
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 April 2024 | 1,778 |  | 9,417 |  | 42,829 |  | 7,686 |  | 61,710
Charge for the financial year | 889 |  | 75 |  | 15,685 |  | 309 |  | 16,958
Disposals | 0 |  | 0 |  | ( 13,392) |  | 0 |  | ( 13,392)
At 31 March 2025 | 2,667 |  | 9,492 |  | 45,122 |  | 7,995 |  | 65,276
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2025 | 6,227 |  | 224 |  | 115,774 |  | 928 |  | 123,153
At 31 March 2024 | 7,116 |  | 299 |  | 78,425 |  | 1,237 |  | 87,077

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 7,500 |  | 7,000
Work in progress | 18,235 |  | 13,637
| 25,735 |  | 20,637

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 28,754 |  | 102,465
Amounts owed by directors | 7,194 |  | ( 398)
Prepayments | 893 |  | 2,276
VAT recoverable | 0 |  | 5,224
Other debtors | 11,649 |  | 5,376
| 48,490 |  | 114,943

At the year end, an amount of £5,376 was owed by Pro Electrical Services (SW) Ltd.

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 30,283 |  | 30,559
Trade creditors | 66,941 |  | 90,142
Amounts owed to directors | 0 |  | 2,327
Accruals | 2,649 |  | 1,395
Taxation and social security | 18,121 |  | 50,819
Obligations under finance leases and hire purchase contracts (secured) | 20,380 |  | 9,680
Other creditors | 23,789 |  | 20,492
| 162,163 |  | 205,414

Amounts due under hire purchase agreements are secured against the assets they relate to.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 5,000 |  | 35,000
Obligations under finance leases and hire purchase contracts | 82,505 |  | 50,833
| 87,505 |  | 85,833

#### 8. Related party transactions

Transactions with the entity's directors

The Directors loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
Director 1
At 1 April 2024, the balance owed by the director was £nil. During the year, the company made advances to directors amounting to £34,836 and received repayments of £30,547, leaving a balance due from the directors of £4,289.
Director 2
At 1 April 2024, the balance owed by the director was £nil. During the year, the company made advances to the director amounting to £36,911 and received repayments of £34,006, leaving a balance due from the director of £2,905.