REGISTERED NUMBER: 04778772 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Grange Heating Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O J Barker

E C Grange

REGISTERED OFFICE:

Unit B1 Marches Trade Park

Brunel Road

Leominster

Herefordshire

HR6 0LX

REGISTERED NUMBER:

04778772 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

121,771

139,867

CURRENT ASSETS

Stocks

210,960

255,360

Debtors

5

229,710

252,826

Cash at bank and in hand

29,898

44,955

470,568

553,141

CREDITORS

Amounts falling due within one year

6

266,499

311,874

NET CURRENT ASSETS

204,069

241,267

TOTAL ASSETS LESS CURRENT LIABILITIES

325,840

381,134

CREDITORS

Amounts falling due after more than one year

7

-

(61,228

)

PROVISIONS FOR LIABILITIES

(29,507

)

(27,240

)

NET ASSETS

296,333

292,666

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

296,332

292,665

296,333

292,666

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 22 December 2025 and were signed on its behalf by:

E C Grange - Director

O J Barker - Director

1.	STATUTORY INFORMATION

Grange 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.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 13 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

13,234

6,573

16,936

258,778

295,521

Additions

-

1,149

-

24,882

26,031

Disposals

-

-

-

(29,450

)

(29,450

)

At 31 March 2025

13,234

7,722

16,936

254,210

292,102

DEPRECIATION

At 1 April 2024

5,071

3,120

9,993

137,470

155,654

Charge for year

1,323

813

1,389

25,524

29,049

Eliminated on disposal

-

-

-

(14,372

)

(14,372

)

At 31 March 2025

6,394

3,933

11,382

148,622

170,331

NET BOOK VALUE

At 31 March 2025

6,840

3,789

5,554

105,588

121,771

At 31 March 2024

8,163

3,453

6,943

121,308

139,867

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

99,287

125,309

Other debtors

130,423

127,517

229,710

252,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

61,775

70,003

Trade creditors

109,228

126,614

Taxation and social security

39,198

25,753

Other creditors

56,298

89,504

266,499

311,874

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

61,228

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

61,775

131,231

The bank loan is secured by a fixed and floating charge over all assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

E C Grange

Balance outstanding at start of year

86,836

126,738

Amounts advanced

-

40,098

Amounts repaid

-

(80,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

86,836

86,836

Interest is charged on an overdrawn directors loan account at the official HMRC rate.

10.	RELATED PARTY DISCLOSURES

During the year, a director of the company entered into transactions with another company of which they are a director of. Sales and recharges totalling £7,950 and expenses and recharges paid totalling £6,888.