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Registered number: 08712572
PRT Heating Limited
Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08712572
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 178,124 183,479
178,124 183,479
CURRENT ASSETS
Debtors 6 337,780 294,786
Cash at bank and in hand 252,469 364,646
590,249 659,432
Creditors: Amounts Falling Due Within One Year 7 (210,522 ) (306,395 )
NET CURRENT ASSETS (LIABILITIES) 379,727 353,037
TOTAL ASSETS LESS CURRENT LIABILITIES 557,851 536,516
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,125 ) (41,503 )
NET ASSETS 517,726 495,013
CAPITAL AND RESERVES
Called up share capital 9 60 60
Profit and Loss Account 517,666 494,953
SHAREHOLDERS' FUNDS 517,726 495,013
Page 1
Page 2
For the year ending 31 October 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N J Tilsley
Director
3rd June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
PRT Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08712572 . The registered office is Units 1 - 2 403 Broad Lane, Coventry, CV5 7AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold No depreciation
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 10)
11 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 15,000
As at 31 October 2025 15,000
Amortisation
As at 1 November 2024 15,000
As at 31 October 2025 15,000
Net Book Value
As at 31 October 2025 -
As at 1 November 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2024 17,468 40,314 209,817 50,681
Additions - - 20,214 1,191
As at 31 October 2025 17,468 40,314 230,031 51,872
Depreciation
As at 1 November 2024 - 25,581 101,945 23,491
Provided during the period - 2,210 16,182 4,258
As at 31 October 2025 - 27,791 118,127 27,749
Net Book Value
As at 31 October 2025 17,468 12,523 111,904 24,123
As at 1 November 2024 17,468 14,733 107,872 27,190
Computer Equipment Total
£ £
Cost
As at 1 November 2024 52,083 370,363
Additions - 21,405
As at 31 October 2025 52,083 391,768
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 November 2024 35,867 186,884
Provided during the period 4,110 26,760
As at 31 October 2025 39,977 213,644
Net Book Value
As at 31 October 2025 12,106 178,124
As at 1 November 2024 16,216 183,479
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 298,117 231,663
Amounts recoverable on contracts 4,846 1,931
Prepayments and accrued income 29,497 29,049
Other debtors 5,320 5,320
Directors' loan accounts - 26,823
337,780 294,786
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 61,725 27,644
Corporation tax 58,927 106,986
Other taxes and social security 5,293 4,871
VAT 78,242 100,486
Other creditors (21 ) 59,899
Accruals and deferred income 1,750 1,750
Directors' loan accounts 4,606 4,759
210,522 306,395
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 60 60
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 6,982 6,625
Later than one year and not later than five years 11,637 6,625
18,619 13,250
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mrs Amanda Tilsley 26,823 - 26,823 - -
The above loan is unsecured, interest free and repayable on demand.
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