REGISTERED NUMBER: 04092942 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Economy Heating Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L R Edwards

REGISTERED OFFICE:

97 Leigh Road

Eastleigh

Hampshire

SO50 9DR

REGISTERED NUMBER:

04092942 (England and Wales)

ACCOUNTANTS:

Accounting Innovations Limited

97 Leigh Road

Eastleigh

Hampshire

SO50 9DR

FIXED ASSETS

Intangible assets

4

40,000

40,000

Tangible assets

5

11,730

12,304

51,730

52,304

CURRENT ASSETS

Stocks

69,915

49,338

Debtors

6

163,467

143,983

Cash at bank and in hand

22,304

24,230

255,686

217,551

CREDITORS

Amounts falling due within one year

7

246,462

229,895

NET CURRENT ASSETS/(LIABILITIES)

9,224

(12,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,954

39,960

CREDITORS

Amounts falling due after more than one year

8

44,474

19,833

NET ASSETS

16,480

20,127

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,380

20,027

SHAREHOLDERS' FUNDS

16,480

20,127

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 director acknowledges his 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 director and authorised for issue on 12 December 2025 and were signed by:

Mr L R Edwards - Director

1.	STATUTORY INFORMATION

Economy Heating Services Limited 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.

Goodwill

The directors consider that goodwill has an indefinite useful economic life and consequently no amortisation is provided this year in this respect, in accordance with Financial Reporting Standard (FRS) 10 "Goodwill and Intangible Fixed Assets".

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

200,000

AMORTISATION

At 1 April 2024

and 31 March 2025

160,000

NET BOOK VALUE

At 31 March 2025

40,000

At 31 March 2024

40,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

72,001

Additions

490

At 31 March 2025

72,491

DEPRECIATION

At 1 April 2024

56,852

Charge for year

3,909

At 31 March 2025

60,761

NET BOOK VALUE

At 31 March 2025

11,730

At 31 March 2024

15,149

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

142,032

127,500

Other debtors

21,435

16,483

163,467

143,983

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

157,586

116,637

Trade creditors

68,903

83,673

Taxation and social security

4,135

14,996

Other creditors

15,838

14,589

246,462

229,895

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

44,474

19,833