Heathcrest Heating Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07248718

Heathcrest Heating Services Ltd

Filleted Unaudited Financial Statements

31 March 2025

Heathcrest Heating Services Ltd

Officers and Professional Advisers

The board of directors	J Dalton
	N Dalton

Registered office	3 Heath Road
	Hyde Heath
	Amersham
	HP6 5RR

Accountants	Warners
	Chartered Accountants
	3a The Wenta Business Centre
	Colne Way
	Watford
	WD24 7ND

Heathcrest Heating Services Ltd

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		8,022	10,295

Current assets

Stocks		3,900	1,400
Debtors	6	108,443	99,797
Cash at bank and in hand		9	9,328
		---------	---------
		112,352	110,525

Creditors: amounts falling due within one year	7	116,951		107,336
		---------		---------
Net current (liabilities)/assets			( 4,599)	3,189
			-------	--------
Total assets less current liabilities			3,423	13,484

Creditors: amounts falling due after more than one year	8		500	7,000

Provisions

Taxation including deferred tax	1,805	2,264
	-------	--------
Net assets	1,118	4,220
	-------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	1,116	4,218
	-------	-------
Shareholders funds	1,118	4,220
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Heathcrest Heating Services Ltd

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 26 June 2026 , and are signed on behalf of the board by:

J Dalton _______________ Director

Company registration number: 07248718

Heathcrest Heating Services Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Heath Road, Hyde Heath, Amersham, HP6 5RR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the amount earned for work carried out during the year. It is measured at the fair value of the receivables for goods supplied and services rendered, stated net of discounts and of Value Added Tax, and takes account of the stage of completion of the work.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computers	-	30% straight line
Motor	-	25% reducing balance
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).

5. Tangible assets

	Computer equipment	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	3,647	15,995	12,310	31,952
Additions	275	–	130	405
Disposals	( 1,567)	–	–	( 1,567)
	-------	--------	--------	--------
At 31 March 2025	2,355	15,995	12,440	30,790
	-------	--------	--------	--------
Depreciation
At 1 April 2024	2,971	7,147	11,539	21,657
Charge for the year	261	2,212	205	2,678
Disposals	( 1,567)	–	–	( 1,567)
	-------	--------	--------	--------
At 31 March 2025	1,665	9,359	11,744	22,768
	-------	--------	--------	--------
Carrying amount
At 31 March 2025	690	6,636	696	8,022
	-------	--------	--------	--------
At 31 March 2024	676	8,848	771	10,295
	-------	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	88,889	79,191
Prepayments and accrued income	430	109
Directors loan account	19,124	20,497
	---------	--------
	108,443	99,797
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,181	6,000
Trade creditors	34,818	41,513
Accruals and deferred income	4,783	2,396
Corporation tax	37,555	39,224
Social security and other taxes	28,711	17,436
Other creditors	903	767
	---------	---------
	116,951	107,336
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	500	7,000
	----	-------

The bank loan is payable by monthly instalments expiring in May 2026 and on which interest is charged at 2.5%.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	–	1,635
Later than 1 year and not later than 5 years	11,391	9,492
	--------	--------
	11,391	11,127
	--------	--------

10. Transactions with directors

Dividends of £38,000 (2024: £35,000) were paid to a director during the year and they were given a loan of £9,600 which was repaid in the following year. Dividends of £38,000 (2024: £35,000) were paid to another director during the year and they were also given a loan of £9,600 which was repaid in the following year.