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Company Registration No. 14766434 (England and Wales)
G D Heating Services Ltd Unaudited accounts for the year ended 31 March 2025
G D Heating Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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G D Heating Services Ltd Company Information for the year ended 31 March 2025
Director
Glyn Howard Drake
Company Number
14766434 (England and Wales)
Registered Office
6 Carr Hill Road Calverley Pudsey LS28 5PZ United Kingdom
Accountants
True North Accountancy Ltd 19 Forest Crescent Illingworth Halifax West Yorkshire HX2 8DS
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G D Heating Services Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,117
-
Current assets
Debtors
5
21,858
-
Cash at bank and in hand
4,208
4,633
26,066
4,633
Creditors: amounts falling due within one year
6
(8,181)
(1,291)
Net current assets
17,885
3,342
Net assets
19,002
3,342
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
19,001
3,341
Shareholders' funds
19,002
3,342
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2025 and were signed on its behalf by
Glyn Howard Drake Director Company Registration No. 14766434
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G D Heating Services Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
G D Heating Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 14766434. The registered office is 6 Carr Hill Road, Calverley, Pudsey, LS28 5PZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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 year 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.
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G D Heating Services Ltd Notes to the Accounts for the year ended 31 March 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
-
Additions
1,141
At 31 March 2025
1,141
Depreciation
Charge for the year
24
At 31 March 2025
24
Net book value
At 31 March 2025
1,117
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
4,858
-
Other debtors
17,000
-
21,858
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,823
-
Taxes and social security
3,528
783
Loans from directors
330
8
Accruals
500
500
8,181
1,291
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Included in Other Debtors is £17,000 owed by Property Projections Ltd, a company that Mr G Drake holds a controlling interest in. The loan is repayable on demand.
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G D Heating Services Ltd Notes to the Accounts for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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