Company registration number 06646532 (England and Wales)
PENYLAN HEATING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
PENYLAN HEATING LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 7
PENYLAN HEATING LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PENYLAN HEATING LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
365
487
Current assets
Stocks
5
149
150
Debtors
6
1,046
5,845
Cash at bank and in hand
9,697
9,407
10,892
15,402
Creditors: amounts falling due within one year
7
(8,677)
(13,776)
Net current assets
2,215
1,626
Total assets less current liabilities
2,580
2,113
Provisions for liabilities
(69)
(93)
Net assets
2,511
2,020
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
2,509
2,018
Total equity
2,511
2,020

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

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 October 2025 and are signed on its behalf by:
Mrs Sally King
Mr Peter King
Director
Director
Company registration number 06646532 (England and Wales)
PENYLAN HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Penylan Heating Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2d Building 1, Eastern Business Park, St Mellons, Cardiff, CF3 5EA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance

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.

PENYLAN HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

PENYLAN HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
373
-
0
Adjustments in respect of prior periods
-
0
(1,344)
Total current tax
373
(1,344)
Deferred tax
Origination and reversal of timing differences
(23)
(31)
Total tax charge/(credit)
350
(1,375)
PENYLAN HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
3
Taxation
(Continued)
- 6 -

The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit/(loss) before taxation
1,841
(7,236)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 19.00% (2024: 19.00%)
350
(1,375)
Tax effect of expenses that are not deductible in determining taxable profit
23
32
Deferred tax adjustments in respect of prior years
(23)
(32)
Taxation charge/(credit) for the year
350
(1,375)
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2024 and 31 August 2025
3,235
1,658
83
4,976
Depreciation and impairment
At 1 September 2024
2,748
1,658
83
4,489
Depreciation charged in the year
122
-
0
-
0
122
At 31 August 2025
2,870
1,658
83
4,611
Carrying amount
At 31 August 2025
365
-
0
-
0
365
At 31 August 2024
487
-
0
-
0
487
5
Stocks
2025
2024
£
£
Stocks
149
150
PENYLAN HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
3,641
Corporation tax recoverable
-
0
1,344
Other debtors
1,046
860
1,046
5,845
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,934
4,348
Corporation tax
373
-
0
Other creditors
4,370
9,428
8,677
13,776
8
Related party transactions

As at the balance sheet date the company owed the directors £4,370 (2024: £9,428 ).

9
Ultimate Controlling Party

The company's ultimate controlling party is P King and S King by virtue of their ownership of 100% of the issued share capital in the company.

2025-08-31 2024-09-01 false false false 27 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs Sally King Mr Peter King 06646532 2024-09-01 2025-08-31 06646532 2025-08-31 06646532 2024-08-31 06646532 core:PlantMachinery 2025-08-31 06646532 core:ComputerEquipment 2025-08-31 06646532 core:MotorVehicles 2025-08-31 06646532 core:PlantMachinery 2024-08-31 06646532 core:ComputerEquipment 2024-08-31 06646532 core:MotorVehicles 2024-08-31 06646532 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 06646532 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 06646532 core:WithinOneYear 2025-08-31 06646532 core:WithinOneYear 2024-08-31 06646532 core:CurrentFinancialInstruments 2025-08-31 06646532 core:CurrentFinancialInstruments 2024-08-31 06646532 core:ShareCapital 2025-08-31 06646532 core:ShareCapital 2024-08-31 06646532 core:RetainedEarningsAccumulatedLosses 2025-08-31 06646532 core:RetainedEarningsAccumulatedLosses 2024-08-31 06646532 bus:Director1 2024-09-01 2025-08-31 06646532 bus:Director2 2024-09-01 2025-08-31 06646532 core:PlantMachinery 2024-09-01 2025-08-31 06646532 core:ComputerEquipment 2024-09-01 2025-08-31 06646532 core:MotorVehicles 2024-09-01 2025-08-31 06646532 2023-09-01 2024-08-31 06646532 core:UKTax 2024-09-01 2025-08-31 06646532 core:UKTax 2023-09-01 2024-08-31 06646532 core:PlantMachinery 2024-08-31 06646532 core:ComputerEquipment 2024-08-31 06646532 core:MotorVehicles 2024-08-31 06646532 2024-08-31 06646532 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 06646532 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 06646532 bus:FRS102 2024-09-01 2025-08-31 06646532 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 06646532 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP