REGISTERED NUMBER: 06858928 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Greenheat UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E Coulstock

R Coulstock

REGISTERED OFFICE:

Ground Floor Progress House

Eskdale Road

Uxbridge

UB8 2RT

REGISTERED NUMBER:

06858928 (England and Wales)

FIXED ASSETS

Tangible assets

4

129,866

143,634

CURRENT ASSETS

Stocks

328,682

321,453

Debtors

5

117,697

139,084

Cash at bank

199

11,539

446,578

472,076

CREDITORS

Amounts falling due within one year

6

547,601

420,028

NET CURRENT (LIABILITIES)/ASSETS

(101,023

)

52,048

TOTAL ASSETS LESS CURRENT LIABILITIES

28,843

195,682

CREDITORS

Amounts falling due after more than one year

7

26,365

194,949

NET ASSETS

2,478

733

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,378

633

SHAREHOLDERS' FUNDS

2,478

733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

R Coulstock - Director

Mrs E Coulstock - Director

1.	STATUTORY INFORMATION

Greenheat UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on 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.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Director's loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

282,140

25,725

6,477

64,646

378,988

Additions

-

3,238

-

5,850

9,088

At 31 March 2025

282,140

28,963

6,477

70,496

388,076

DEPRECIATION

At 1 April 2024

179,393

13,973

6,477

35,511

235,354

Charge for year

15,412

2,196

-

5,248

22,856

At 31 March 2025

194,805

16,169

6,477

40,759

258,210

NET BOOK VALUE

At 31 March 2025

87,335

12,794

-

29,737

129,866

At 31 March 2024

102,747

11,752

-

29,135

143,634

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

40,365

48,205

Other debtors

77,332

90,879

117,697

139,084

Other debtors include £67,718 which relates to the director's overdrawn loan account balance at the year end. At the start of the year the director's current account was in debit by £70,794 (the director owed the company) and the maximum overdrawn amount during the year was £70,794. Interest is charged on the overdrawn director's loan account at the official rate of interest.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

268,663

145,497

Trade creditors

70,675

133,169

Taxation and social security

111,055

72,074

Other creditors

97,208

69,288

547,601

420,028

The bank loans and overdrafts are secured by fixed and floating charges over the assets of the company.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

26,365

194,949

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100