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Registered number: 01845418






MHS Radiators Limited


UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025
























Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025





DIRECTORS
I P Bradley
K P Mainstone
A K Bradley



SECRETARY
M J Smith


REGISTERED OFFICE
Unit 4 Genesis
Endeavour Drive
Basildon
Essex
SS14 3WF


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01845418



ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2025



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 December 2025

			2025		2024
	Notes		£		£

FIXED ASSETS
Tangible assets	3		290,987		333,355

CURRENT ASSETS
Stock	4	1,308,123		1,101,765
Debtors	5	1,831,194		1,716,172
Cash at bank and in hand		301,499		264,019
		3,440,816		3,081,956
CREDITORS: Amounts falling due within one year	6	1,622,290		1,147,966
NET CURRENT ASSETS			1,818,526		1,933,990
TOTAL ASSETS LESS CURRENT LIABILITIES			2,109,513		2,267,345


CREDITORS: Amounts falling due after more than one year	7		278,671		497,513

NET ASSETS			1,830,842		1,769,832

CAPITAL AND RESERVES

Called up share capital	8		1,000		1,000
Profit and loss account			1,829,842		1,768,832
SHAREHOLDERS' FUNDS			1,830,842		1,769,832

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 18 May 2026 and signed on their behalf by



.............................
K P Mainstone
Director




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Long Leasehold Properties		reducing balance 10%
Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15 to 25%




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.




1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1f. Turnover
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts and is recognised on delivery of goods or when services are rendered.




1g. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.




1h. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.




1i. Statutory Information
MHS Radiators Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 01845418 and registered office address is Unit 4 Genesis, Endeavour Drive, Basildon, Essex, SS14 3WF.




1j. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.




3. TANGIBLE FIXED ASSETS

	Long Leasehold	Plant and	Commercial	Fixtures
	Properties	Machinery	Vehicles	and Fittings	Total
	£	£	£	£	£
Cost
At 1 January 2025	204,104	202,122	37,544	127,445	571,215
Additions	-	14,100	-	-	14,100
At 31 December 2025	204,104	216,222	37,544	127,445	585,315
Depreciation
At 1 January 2025	70,380	59,551	6,257	101,673	237,861
For the year	19,298	19,500	9,386	8,283	56,467
At 31 December 2025	89,678	79,051	15,643	109,956	294,328
Net Book Amounts
At 31 December 2025	114,426	137,171	21,901	17,489	290,987
At 31 December 2024	133,724	142,571	31,287	25,772	333,354




2. EMPLOYEES

	2025	2024
	No.	No.
Average number of employees	25	21




5. DEBTORS	2025	2024
	£	£
Amounts falling due within one year
Trade debtors	517,310	259,592
Other debtors	62,438	310,939
Amounts due from group companies	1,046,352	938,010
Prepayments	205,094	207,631
	1,831,194	1,716,172
Amounts owed by group undertakings are interest free and repayable on demand.




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2025	2024
	£	£
Taxation and social security	137,646	112,566
Bank Loan	5,286	15,661
Hire purchase	5,600	10,500
Trade creditors	1,169,164	871,519
Other creditors	87,500	6,281
Accruals	116,587	131,439
Amounts due to group companies	100,507	-
	1,622,290	1,147,966

Amounts owed to group undertakings are interest free and repayable on demand.




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2025	2024
	£	£
Hire purchase >1yr	42,109	81,896
Other creditors > 1yr	236,562	415,617
	278,671	497,513

Net obligations under finance leases and hire purchase contracts




4. STOCK	2025	2024
	£	£
Stock comprises:

Stock	1,308,123	1,101,765
	1,308,123	1,101,765




8. SHARE CAPITAL	2025	2024
	£	£
Allotted, issued and fully paid:
1,000 Ordinary shares of £1.00 each	1,000	1,000
	1,000	1,000




10. CONTROLLING PARTY
The company is equally controlled by the directors I P Bradley and K P Mainstone by virtue of their shareholding within the ultimate parent company, MHS Radiators (Holdings) Limited.
ULTIMATE PARENT COMPANY
The parent company is The Modular Heating Group Limited, a company incorporated in England and Wales. The ultimate parent company is MHS Radiators (Holdings) Limited, a company incorporated in England and Wales, by virtue of its 100% shareholding within The Modular Heating Group Limited. The registered office address for both of these companies is Unit 4 Genesis, Endeavour Drive, Basildon, Essex, SS14 3WF.