Heatsense Cables Limited - Filleted accounts

Registered number

08719200

Heatsense Cables Limited

Filleted Accounts

31 March 2025

Heatsense Cables Limited
Registered number:		08719200
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1			1
Tangible assets	4		652,590			624,244
			652,591			624,245

Current assets
Stocks		605,534			521,798
Debtors	5	455,512			501,228
Cash at bank and in hand		170,301			155,675
		1,231,347			1,178,701

Creditors: amounts falling due within one year	6	(1,009,104)			(907,274)

Net current assets			222,243			271,427

Total assets less current liabilities			874,834			895,672

Creditors: amounts falling due after more than one year	7		(255,472)			(385,543)

Provisions for liabilities			(80,313)			(89,796)


Net assets			539,049			420,333

Capital and reserves
Called up share capital			100			100
Profit and loss account			538,949			420,233

Shareholders' funds			539,049			420,333

The director is 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 director acknowledges his 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.




J A Kemsley-Pein
Director
Approved by the board on 3 June 2025

Heatsense Cables Limited
Notes to the Accounts
for the year ended 31 March 2025


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:


	Leasehold improvements			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	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.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

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


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					18		17


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							12,552
	At 31 March 2025							12,552

	Amortisation
	At 1 April 2024							12,551
	At 31 March 2025							12,551

	Net book value
	At 31 March 2025							1
	At 31 March 2024							1

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Leasehold improvements		Plant and machinery etc		Fixtures & fittings		Total
£			£		£		£
	Cost
	At 1 April 2024	170,656		763,863		156,401		1,090,920
	Additions	-		83,926		7,276		91,202
	At 31 March 2025	170,656		847,789		163,677		1,182,122

	Depreciation
	At 1 April 2024	64,492		333,633		68,551		466,676
	Charge for the year	6,159		47,813		8,884		62,856
	At 31 March 2025	70,651		381,446		77,435		529,532

	Net book value
	At 31 March 2025	100,005		466,343		86,242		652,590
	At 31 March 2024	106,164		430,230		87,850		624,244


5	Debtors					2025		2024
£							£

	Trade debtors					426,348		421,826
	Other debtors					29,164		79,402
						455,512		501,228


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					130,428		130,428
	Trade creditors					270,734		277,819
	Directors' loan account					162,028		122,031
	Corporation tax					72,468		-
	Other taxes and social security costs					76,538		64,040
	Other creditors					296,908		312,956
						1,009,104		907,274


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Non-equity preference shares					115,000		115,000
	RLS loan					78,258		197,368
	Bank loans					62,214		73,175
						255,472		385,543


8	Related party transactions

	The company owed J A Kemsley-Pein £162,028 at year end. The loan is interest free.


9	Controlling party

	The ultimate controlling party is Mr & Mrs J A Kemsley-Pein by virtue of their 100% shareholding.


10	Other information

	Heatsense Cables Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 3
	Transpennine Trading Estate
	Gorrells Way
	Rochdale
	OL11 2PX