HEATSTAR PLUMBING AND HEATING LIMITED

Registered Number: 04196215 HEATSTAR PLUMBING AND HEATING LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	552,035	461,015
		552,035	461,015
Current assets
Stocks	4	80,000	50,000
Debtors	5	877,872	899,674
Cash at bank and in hand		128,245	280,334
		1,086,117	1,230,008
Creditors: amount falling due within one year	6	(670,679)	(571,219)
Net current assets		415,438	658,789

Total assets less current liabilities		967,473	1,119,804
Creditors: amount falling due after more than one year	7	(385,192)	(292,955)
Provisions for liabilities	8	(140,915)	(89,393)
Net assets		441,366	737,456

Capital and reserves
Called up share capital		2	2
Profit and loss account		441,364	737,454
Shareholders' funds		441,366	737,456

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the director on 01 December 2025 and were signed by:

-------------------------------
JENNER John
Director

HEATSTAR PLUMBING AND HEATING LIMITED
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

HEATSTAR PLUMBING AND HEATING LIMITED is a private company, limited by shares, registered in , registration number 04196215, registration address 13 THE CLOSE, NORWICH ENGLAND, NR1 4DS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Reducing Balance
Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 23 (2024 : 15).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£	£	£	£
At 01 April 2024	78,088	30,889	399,244	29,969	16,997	-	555,187
Additions	-	1,657	73,433	-	7,280	49,722	132,092
Disposals	-	-	-	-	-	-	-
At 31 March 2025	78,088	32,546	472,677	29,969	24,277	49,722	687,279
Depreciation
At 01 April 2024	-	27,005	32,745	22,440	11,982	-	94,172
Charge for year	-	1,222	36,661	1,506	1,683	-	41,072
On disposals	-	-	-	-	-	-	-
At 31 March 2025	-	28,227	69,406	23,946	13,665	-	135,244
Net book values
Closing balance as at 31 March 2025	78,088	4,319	403,271	6,023	10,612	49,722	552,035
Opening balance as at 01 April 2024	78,088	3,884	366,499	7,529	5,015	-	461,015

Stocks

	2025 £		2024 £
Stocks	80,000		50,000
	80,000		50,000

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	413,827	475,593
Prepayments & Accrued Income	55,104	-
Other Debtors	396,960	256,819
PAYE & Social Security	-	74,918
Directors' Current Accounts	-	27,965
VAT	11,981	47,583
	877,872	882,878

Debtors: amounts falling due after one year

	2025 £		2024 £
Prepayments	-		16,796
	-		16,796

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	318,616	399,995
Bank Loans & Overdrafts	64,927	9,600
Corporation Tax	12,527	38,828
PAYE & Social Security	24,637	-
CIS Control Account	11,540	480
Other Creditors	91,263	573
Obligations under HP/Financial Leases	98,213	76,320
Wages & Salaries Control Account	48,956	45,423
	670,679	571,219

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	162,598	12,061
Obligations Under HP/Financial Leases	222,594	280,894
	385,192	292,955

Provisions for liabilities

	2025 £	2024 £
Deferred Tax	138,009	2,862
Charged to Profit & Loss	-	84,181
Pension Provisions	2,906	2,350
	140,915	89,393

Registered Number: 04196215

Unaudited Financial Statements

for the year ended 31 March 2025
for
HEATSTAR PLUMBING AND HEATING LIMITED