REGISTERED NUMBER: 01187484 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

MEDWAY HEATING (BOLTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

P Craven

G J Owen

L Merritt

SECRETARY:

Miss A E Booth

REGISTERED OFFICE:

Unit 1 Viola Street

Astley Bridge

Bolton

Lancashire

BL1 8NG

REGISTERED NUMBER:

01187484 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Tangible assets

5

336,264

381,009

CURRENT ASSETS

Stocks

1,591,050

62,691

Debtors

6

1,035,746

1,483,102

Cash at bank and in hand

2,117,983

1,854,643

4,744,779

3,400,436

CREDITORS

Amounts falling due within one year

7

1,275,801

1,358,248

NET CURRENT ASSETS

3,468,978

2,042,188

TOTAL ASSETS LESS CURRENT LIABILITIES

3,805,242

2,423,197

CREDITORS

Amounts falling due after more than one year

8

(168,670

)

(168,669

)

PROVISIONS FOR LIABILITIES

(34,521

)

(45,460

)

NET ASSETS

3,602,051

2,209,068

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

3,601,950

2,208,967

SHAREHOLDERS' FUNDS

3,602,051

2,209,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

P Craven - Director

G J Owen - Director

1.	STATUTORY INFORMATION

Medway Heating (Bolton) Limited 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

50% on reducing balance

Inventories

Inventories have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 the statement of income and retained earnings.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments

Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 37 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2024

and 31 October 2025

198,183

118,584

38,314

DEPRECIATION

At 1 November 2024

-

94,490

30,956

Charge for year

-

4,819

1,840

At 31 October 2025

-

99,309

32,796

NET BOOK VALUE

At 31 October 2025

198,183

19,275

5,518

At 31 October 2024

198,183

24,094

7,358

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

392,693

40,782

788,556

DEPRECIATION

At 1 November 2024

242,288

39,813

407,547

Charge for year

37,602

484

44,745

At 31 October 2025

279,890

40,297

452,292

NET BOOK VALUE

At 31 October 2025

112,803

485

336,264

At 31 October 2024

150,405

969

381,009

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 November 2024

82,763

Reclassification/transfer

(82,763

)

At 31 October 2025

-

DEPRECIATION

At 1 November 2024

77,093

Reclassification/transfer

(77,093

)

At 31 October 2025

-

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

5,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

479,419

941,957

Amounts owed by group undertakings

512,724

512,724

Prepayments and accrued income

43,603

28,421

1,035,746

1,483,102

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

531,954

596,736

Amounts owed to group undertakings

125,750

125,750

Tax

575,391

244,647

Social security and other taxes

32,490

24,987

VAT

5,966

72,835

Other creditors

-

863

Accruals and deferred income

4,250

292,430

1,275,801

1,358,248

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Directors loan accounts

168,670

168,669

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Medway Heating (Bolton) Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Medway Heating (Bolton) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Medway Heating (Bolton) Limited and state those matters that we have agreed to state to the Board of Directors of Medway Heating (Bolton) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Medway Heating (Bolton) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Medway Heating (Bolton) Limited. You consider that Medway Heating (Bolton) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Medway Heating (Bolton) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

19 June 2026