Southpark Heating Services Limited

Registered number

04617694

Filleted Accounts

31 December 2024

Southpark Heating Services Limited
Registered number:		04617694
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		84,036			100,673

Current assets
Stocks		25,883			379,853
Debtors	4	712,856			483,694
Cash at bank and in hand		298,078			472,273
		1,036,817			1,335,820

Creditors: amounts falling due within one year	5	(584,646)			(987,679)

Net current assets			452,171			348,141

Total assets less current liabilities			536,207			448,814

Creditors: amounts falling due after more than one year	6		(199,261)			(207,804)



Net assets			336,946			241,009

Capital and reserves
Called up share capital			1,601			1,601
Profit and loss account			335,345			239,408

Shareholders' funds			336,946			241,009

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C Sillitoe
Director
Approved by the board on 10 December 2025

Southpark Heating Services Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles			20% reducing balance
	Leasehold land and buildings			over the lease term

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					17		17


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	16,000		70,646		141,676		228,322
	Additions	-		4,564		16,995		21,559
	Disposals	-		-		(25,892)		(25,892)
	At 31 December 2024	16,000		75,210		132,779		223,989

	Depreciation
	At 1 January 2024	5,000		66,521		57,128		128,649
	Charge for the year	1,000		1,738		16,771		19,509
	On disposals	-		-		(8,205)		(8,205)
	At 31 December 2024	6,000		68,259		65,694		139,953

	Net book value
	At 31 December 2024	10,000		6,951		67,085		84,036
	At 31 December 2023	11,000		4,125		84,548		99,673


4	Debtors					2024		2023
£							£

	Trade debtors					348,725		181,907
	Other debtors					364,131		301,787
						712,856		483,694


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					54,633		39,924
	Obligations under finance lease and hire purchase contracts					29,293		25,747
	Trade creditors					419,035		600,952
	Taxation and social security costs					22,449		220,599
	Other creditors					59,236		100,457
						584,646		987,679


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					150,126		133,680
	Obligations under finance lease and hire purchase contracts					49,135		74,124
						199,261		207,804


7	Other information

	Southpark Heating Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2, Brooks Business Park
	Hodgson Way
	Wickford
	Essex
	SS11 8YN