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REGISTERED NUMBER: 12449333 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2025

for

KWELL HEATING LTD

KWELL HEATING LTD (REGISTERED NUMBER: 12449333)

Contents of the Financial Statements

FOR THE YEAR ENDED 30TH APRIL 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

KWELL HEATING LTD

Company Information

FOR THE YEAR ENDED 30TH APRIL 2025

| DIRECTOR: | M Rashid

| REGISTERED OFFICE: | Suite 2 Dunbarbusiness Centre

| 2-3 Sheepscar Court

| Leeds

| LS7 2BB

| REGISTERED NUMBER: | 12449333 (England and Wales)

| ACCOUNTANTS: | Silver Arc

| Chartered Certified Accountants

| 1 Quality Court

| Chancery Lane

| London

| WC2A 1HR

KWELL HEATING LTD (REGISTERED NUMBER: 12449333)

Abridged Balance Sheet

30TH APRIL 2025

| 30/4/25 |  | 30/4/24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 236 |  | 994 |  |

CURRENT ASSETS

Stocks | 15,600 |  | 28,300 |  |

Cash at bank and in hand | 54 |  | 28 |  |

15,654 |  | 28,328 |  |

CREDITORS

Amounts falling due within one year | (148,978 | ) | (143,785 | ) |

NET CURRENT LIABILITIES | (133,324 | ) | (115,457 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (133,088 | ) | (114,463 | ) |

CREDITORS

Amounts falling due after more than one year | (13,422 | ) | (18,213 | ) |

PROVISIONS FOR LIABILITIES | (45 | ) | (2,049 | ) |

NET LIABILITIES | (146,555 | ) | (134,725 | ) |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 3 |  |

Retained earnings | (146,558 | ) | (134,728 | ) |

(146,555 | ) | (134,725 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KWELL HEATING LTD (REGISTERED NUMBER: 12449333)

Abridged Balance Sheet - continued

30TH APRIL 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th March 2026 and were signed by:

M Rashid - Director

KWELL HEATING LTD (REGISTERED NUMBER: 12449333)

Notes to the Financial Statements

FOR THE YEAR ENDED 30TH APRIL 2025

1. | STATUTORY INFORMATION

| Kwell Heating Ltd 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

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

| Depreciation is provided on the following basis:

| Computer equpiment - 25% Straight Line

| Fixture and fittings - 20% Straight Line

| Plant and machinery - 20% Straight Line

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

KWELL HEATING LTD (REGISTERED NUMBER: 12449333)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30TH APRIL 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1st May 2024

| and 30th April 2025 | 6,088 |  |

| DEPRECIATION

| At 1st May 2024 | 5,094 |  |

| Charge for year | 758 |  |

| At 30th April 2025 | 5,852 |  |

| NET BOOK VALUE

| At 30th April 2025 | 236 |  |

| At 30th April 2024 | 994 |  |

KWELL HEATING LTD (REGISTERED NUMBER: 12449333)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30TH APRIL 2025

5. | ULTIMATE CONTROLLING PARTY

| Directors are the ultimate controlling party.