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Registration number: 01888448

Heating And Boilers (Dyfed) Limited
REPORT OF THE DIRECTORS and Unaudited Financial Statements
for the Year Ended 30 June 2025

Heating And Boilers (Dyfed) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Heating And Boilers (Dyfed) Limited

Company Information

Director | Mr Brian David Kilsby

Company secretary | Ms Carolyn Rees

Registered office | Emlyn Castle Water Street Newcastle Emlyn Carmarthenshire SA38 9BH

Accountants | Wynne & Co Chartered Accountants Forestry House Brewery Road Carmarthen Carmarthenshire SA31 1TF

Heating And Boilers (Dyfed) Limited

(Registration number: 01888448)
Balance Sheet as at 30 June 2025

| Note | 30 June 2025 £ | 30 June 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 92,760 | 94,622
Current assets |  |  |
Stocks | 5 | 45,266 | 2,937
Debtors | 6 | 191,097 | 123,903
Cash at bank and in hand |  | 49,797 | 35,349
|  | 286,160 | 162,189
Creditors: Amounts falling due within one year | 7 | (167,578) | (73,653)
Net current assets |  | 118,582 | 88,536
Total assets less current liabilities |  | 211,342 | 183,158
Creditors: Amounts falling due after more than one year | 7 | - | (4,741)
Provisions for liabilities |  | (8,940) | (10,327)
Net assets |  | 202,402 | 168,090
Capital and reserves |  |  |
Called up share capital | 8 | 1,750 | 1,750
Retained earnings |  | 200,652 | 166,340
Shareholders' funds |  | 202,402 | 168,090

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Heating And Boilers (Dyfed) Limited

(Registration number: 01888448)
Balance Sheet as at 30 June 2025

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 February 2026

......................................... Mr Brian David Kilsby Director

Heating And Boilers (Dyfed) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Emlyn Castle
Water Street
Newcastle Emlyn
Carmarthenshire
SA38 9BH

These financial statements were authorised for issue by the director on 27 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Heating And Boilers (Dyfed) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor Vehicles | 25% Reducing Balance
Plant & Machinery | 20% Reducing Balance
Freehold Property | 2% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Heating And Boilers (Dyfed) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Heating And Boilers (Dyfed) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2024 - 17).

Heating And Boilers (Dyfed) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 98,430 | 89,883 | 101,371 | 289,684
Additions | - | 7,450 | 6,013 | 13,463
At 30 June 2025 | 98,430 | 97,333 | 107,384 | 303,147
Depreciation
At 1 July 2024 | 50,751 | 50,755 | 93,556 | 195,062
Charge for the year | 1,969 | 9,315 | 4,041 | 15,325
At 30 June 2025 | 52,720 | 60,070 | 97,597 | 210,387
Carrying amount
At 30 June 2025 | 45,710 | 37,263 | 9,787 | 92,760
At 30 June 2024 | 47,679 | 39,128 | 7,815 | 94,622

Included within the net book value of land and buildings above is £45,710 (2024 - £47,679) in respect of freehold land and buildings.

5 | Stocks

| 30 June 2025 £ | 30 June 2024 £
Work in progress | 39,194 | -
Other inventories | 6,072 | 2,937
| 45,266 | 2,937

Heating And Boilers (Dyfed) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

6 | Debtors

Current | 30 June 2025 £ | 30 June 2024 £
Trade debtors | 187,943 | 118,584
Prepayments | 3,154 | 1,919
Other debtors | - | 3,400
| 191,097 | 123,903

Heating And Boilers (Dyfed) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 30 June 2025 £ | 30 June 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 9 | 4,741 | 5,050
Trade creditors |  | 110,993 | 40,182
Taxation and social security |  | 7,362 | 8,605
Accruals and deferred income |  | 3,278 | 1,175
Other creditors |  | 41,204 | 18,641
|  | 167,578 | 73,653

Creditors: amounts falling due after more than one year

| Note | 30 June 2025 £ | 30 June 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | - | 4,741

8 | Share capital

Allotted, called up and fully paid shares

| 30 June 2025 | 30 June 2024
| No. | £ | No. | £
Ordinary of £1 each | 900 | 900 | 900 | 900
Ordinary A of £1 each | 850 | 850 | 850 | 850
| 1,750 | 1,750 | 1,750 | 1,750

Heating And Boilers (Dyfed) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 30 June 2025 £ | 30 June 2024 £
Bank borrowings | - | 4,741

Current loans and borrowings

| 30 June 2025 £ | 30 June 2024 £
Bank borrowings | 4,741 | 5,050

10 | Dividends

Interim dividends paid

|  | 30 June 2025 £ |  | 30 June 2024 £
Interim dividend of £36.22 (2024 - £17.94) per each Ordinary |  | 32,600 |  | 16,148

11 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 11,880 | 9,625