Leisure Heating Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05308806

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,129		1,280

			1,129		1,280
CURRENT ASSETS
Stocks	5	80,830		43,989
Debtors	6	10,813		14,596
Cash at bank and in hand		12,089		18,678

		103,732		77,263
Creditors: Amounts Falling Due Within One Year	7	(52,788 )		(26,018 )

NET CURRENT ASSETS (LIABILITIES)			50,944		51,245

TOTAL ASSETS LESS CURRENT LIABILITIES			52,073		52,525

PROVISIONS FOR LIABILITIES
Deferred Taxation			(214 )		(243 )

NET ASSETS			51,859		52,282

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			51,759		52,182

SHAREHOLDERS' FUNDS			51,859		52,282

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Leisure Heating Limited

Balance Sheet (continued)

As At 31 March 2025

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 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 I M Lewin

Director

3rd December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Leisure Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05308806 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.

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

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. 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:

Leasehold	5 years straight line
Plant & Machinery	25% straight line
Fixtures & Fittings	25% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

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

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

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Leisure Heating Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	1,204	10,799	991	12,994
Additions	-	561	-	561

As at 31 March 2025	1,204	11,360	991	13,555

Depreciation
As at 1 April 2024	1,204	9,519	991	11,714
Provided during the period	-	712	-	712

As at 31 March 2025	1,204	10,231	991	12,426

Net Book Value
As at 31 March 2025	-	1,129	-	1,129

As at 1 April 2024	-	1,280	-	1,280

5. Stocks

	2025	2024
	£	£
Finished goods	80,830	43,989

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,914	11,137
Prepayments and accrued income	2,703	2,334
Lease Deposit	1,125	1,125
Corporation tax recoverable assets	71	-

	10,813	14,596

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Leisure Heating Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	26,766	2,401
Corporation tax	-	313
Other taxes and social security	436	-
VAT	2,989	501
Other creditors	23	22
Accruals and deferred income	2,849	3,056
Directors' loan accounts	19,725	19,725

	52,788	26,018

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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