REGISTERED NUMBER: 08934295 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PAUL'S HEATING LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

3,628

4,393

CURRENT ASSETS

Debtors

5

2,225

3,320

Cash at bank

56,253

58,937

58,478

62,257

CREDITORS

Amounts falling due within one year

6

46,202

46,571

NET CURRENT ASSETS

12,276

15,686

TOTAL ASSETS LESS CURRENT LIABILITIES

15,904

20,079

PROVISIONS FOR LIABILITIES

689

835

NET ASSETS

15,215

19,244

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

15,214

19,243

SHAREHOLDERS' FUNDS

15,215

19,244

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 29 December 2025 and were signed on its behalf by:

Mr P W Stokes - Director

1.	Statutory information

Paul's Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08934295

Registered office:

34 Kingsley Road

Harrogate

North Yorkshire

HG1 4RB

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

Revenue 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on cost

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.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Property, plant and equipment

Plant and

machinery

etc

£

Cost

At 1 April 2024

19,310

Additions

1,099

Disposals

(999

)

At 31 March 2025

19,410

Depreciation

At 1 April 2024

14,917

Charge for year

1,864

Eliminated on disposal

(999

)

At 31 March 2025

15,782

Net book value

At 31 March 2025

3,628

At 31 March 2024

4,393

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

83

969

Other debtors

2,142

2,351

2,225

3,320

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Taxation and social security

5,996

8,669

Other creditors

40,206

37,902

46,202

46,571

7.	Related party disclosures

During the year, the company paid £1,067 (2024: £755) to Mr P W Stokes, a director, as rent for the use of his home office.