IRIS Accounts Production v26.1.10.61 02962141 director 1.2.25 31.1.26 31.1.26 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02962141 2025-01-31 02962141 2026-01-31 02962141 2025-02-01 2026-01-31 02962141 2024-01-31 02962141 2024-02-01 2025-01-31 02962141 2025-01-31 02962141 ns15:EnglandWales 2025-02-01 2026-01-31 02962141 ns14:PoundSterling 2025-02-01 2026-01-31 02962141 ns10:Director1 2025-02-01 2026-01-31 02962141 ns10:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 02962141 ns10:SmallEntities 2025-02-01 2026-01-31 02962141 ns10:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 02962141 ns10:SmallCompaniesRegimeForDirectorsReport 2025-02-01 2026-01-31 02962141 ns10:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 02962141 ns10:FullAccounts 2025-02-01 2026-01-31 02962141 ns5:CurrentFinancialInstruments 2026-01-31 02962141 ns5:CurrentFinancialInstruments 2025-01-31 02962141 ns5:Non-currentFinancialInstruments 2026-01-31 02962141 ns5:Non-currentFinancialInstruments 2025-01-31 02962141 ns5:ShareCapital 2026-01-31 02962141 ns5:ShareCapital 2025-01-31 02962141 ns5:CapitalRedemptionReserve 2026-01-31 02962141 ns5:CapitalRedemptionReserve 2025-01-31 02962141 ns5:RetainedEarningsAccumulatedLosses 2026-01-31 02962141 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 02962141 ns10:RegisteredOffice 2025-02-01 2026-01-31 02962141 1 2025-02-01 2026-01-31 02962141 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-31 02962141 ns5:PlantMachinery 2025-01-31 02962141 ns5:FurnitureFittings 2025-01-31 02962141 ns5:MotorVehicles 2025-01-31 02962141 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-02-01 2026-01-31 02962141 ns5:PlantMachinery 2025-02-01 2026-01-31 02962141 ns5:FurnitureFittings 2025-02-01 2026-01-31 02962141 ns5:MotorVehicles 2025-02-01 2026-01-31 02962141 ns5:LongLeaseholdAssets ns5:LandBuildings 2026-01-31 02962141 ns5:PlantMachinery 2026-01-31 02962141 ns5:FurnitureFittings 2026-01-31 02962141 ns5:MotorVehicles 2026-01-31 02962141 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-31 02962141 ns5:PlantMachinery 2025-01-31 02962141 ns5:FurnitureFittings 2025-01-31 02962141 ns5:MotorVehicles 2025-01-31 02962141 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-01-31 02962141 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 02962141 ns10:Director2 2025-02-01 2026-01-31 02962141 2 ns10:Director2 2025-01-31 02962141 2 ns10:Director2 2024-01-31 02962141 2 ns10:Director2 2025-02-01 2026-01-31 02962141 2 ns10:Director2 2024-02-01 2025-01-31 02962141 2 ns10:Director2 2026-01-31 02962141 2 ns10:Director2 2025-01-31 02962141 ns10:Director1 1 2025-01-31 02962141 ns10:Director1 1 2024-01-31 02962141 ns10:Director1 1 2025-02-01 2026-01-31 02962141 ns10:Director1 1 2024-02-01 2025-01-31 02962141 ns10:Director1 1 2026-01-31 02962141 ns10:Director1 1 2025-01-31 02962141 1 2025-02-01 2026-01-31

REGISTERED NUMBER: 02962141 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

APPLIED RADIATORS LIMITED

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

| Page |

Statement of Financial Position | 1 |  | to |  | 2

Notes to the Financial Statements | 3 |  | to |  | 9

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

STATEMENT OF FINANCIAL POSITION

31 JANUARY 2026

| 31.1.26 |  | 31.1.25

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 58,373 |  | 70,865 |  |

CURRENT ASSETS

Stocks | 70,114 |  | 71,953 |  |

Debtors | 5 | 1,437,372 |  | 489,163 |  |

Investments | 6 | 4,906 |  | 4,062 |  |

Cash at bank and in hand | 244,227 |  | 867,633 |  |

1,756,619 |  | 1,432,811 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,046,320 | ) | (731,315 | ) |

NET CURRENT ASSETS | 710,299 |  | 701,496 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 768,672 |  | 772,361 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (20,956 | ) | (40,287 | ) |

PROVISIONS FOR LIABILITIES | (14,592 | ) | (17,715 | ) |

NET ASSETS | 733,124 |  | 714,359 |  |

CAPITAL AND RESERVES

Called up share capital | 75 |  | 75 |  |

Capital redemption reserve | 25 |  | 25 |  |

Retained earnings | 733,024 |  | 714,259 |  |

733,124 |  | 714,359 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

STATEMENT OF FINANCIAL POSITION - continued

31 JANUARY 2026

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2026 and were signed by:

Mr M Brough - Director

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1. | STATUTORY INFORMATION

| APPLIED RADIATORS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 02962141

| Registered office: | Unit 2 Hanley Business Park

| Cooper Street

| Hanley

| Stoke-On-Trent

| Staffordshire

| ST1 4DW

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.

| CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| (a) Critical accounting estimates and assumptions

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

| (i) Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. See tangible assets note for the carrying amount of the assets and the accounting policy for the useful economic lives for each class of assets.

| REVENUE RECOGNITION

| Revenue is recognised at the fair value of the consideration received or receivable and in which the services are rendered, stated net of discounts and of Value Added Tax. Revenue is recognised in the accounting period in which the services are rendered.

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| TANGIBLE FIXED 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.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| 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:

| Leasehold property - Items are written down over the life of their lease

| Pant & Machinery - 20% reducing balance

| Fixtures, fittings and equipment - 25% straight line

| Motor Vehicles - 25% reducing balance

| Impairment of fixed assets

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

| STOCKS

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

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| FINANCIAL INSTRUMENTS

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| 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

| FOREIGN CURRENCIES

| Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| HIRE PURCHASE AND LEASING COMMITMENTS

| Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

| Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

| 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.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises

| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2025 - 18 ) .

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | Plant and |  | and |  | Motor |

| leasehold |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2025 | 23,201 |  | 120,643 |  | 24,935 |  | 59,161 |  | 227,940 |  |

| Additions | - |  | - |  | 5,046 |  | 1,000 |  | 6,046 |  |

| At 31 January 2026 | 23,201 |  | 120,643 |  | 29,981 |  | 60,161 |  | 233,986 |  |

| DEPRECIATION

| At 1 February 2025 | 23,201 |  | 86,642 |  | 21,348 |  | 25,884 |  | 157,075 |  |

| Charge for year | - |  | 6,800 |  | 3,169 |  | 8,569 |  | 18,538 |  |

| At 31 January 2026 | 23,201 |  | 93,442 |  | 24,517 |  | 34,453 |  | 175,613 |  |

| NET BOOK VALUE

| At 31 January 2026 | - |  | 27,201 |  | 5,464 |  | 25,708 |  | 58,373 |  |

| At 31 January 2025 | - |  | 34,001 |  | 3,587 |  | 33,277 |  | 70,865 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Trade debtors | 402,286 |  | 306,173 |  |

| Amounts owed by group undertakings | 1,022,885 |  | - |  |

| Other debtors | 12,201 |  | 182,990 |  |

1,437,372 |  | 489,163 |  |

6. | CURRENT ASSET INVESTMENTS

| 31.1.26 |  | 31.1.25

£ | £ |

| Listed investments | 4,406 |  | 3,562 |  |

| Shares in participating intere | 500 |  | 500 |  |

4,906 |  | 4,062 |  |

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Bank loans and overdrafts | 4,410 |  | 10,404 |  |

| Hire purchase contracts | 14,920 |  | 14,921 |  |

| Trade creditors | 124,214 |  | 121,142 |  |

| Amounts owed to group undertakings | 324,789 |  | 339,789 |  |

| Taxation and social security | 199,884 |  | 232,116 |  |

| Other creditors | 378,103 |  | 12,943 |  |

1,046,320 |  | 731,315 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Bank loans | - |  | 4,410 |  |

| Hire purchase contracts | 20,956 |  | 35,877 |  |

20,956 |  | 40,287 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

| 31.1.26 |  | 31.1.25

£ | £ |

| Mr G P Stevenson

| Balance outstanding at start of year | 30,683 |  | 6,463 |  |

| Amounts advanced | 149,372 |  | 89,020 |  |

| Amounts repaid | (198,812 | ) | (64,800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (18,757 | ) | 30,683 |  |

| Mr M Brough

| Balance outstanding at start of year | 42,712 |  | 22,039 |  |

| Amounts advanced | 150,244 |  | 91,473 |  |

| Amounts repaid | (193,500 | ) | (70,800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (544 | ) | 42,712 |  |

APPLIED RADIATORS LIMITED (REGISTERED NUMBER: 02962141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| Mr D R Moores

| Balance outstanding at start of year | - |  | 27,775 |  |

| Amounts advanced | - |  | 7,002 |  |

| Amounts repaid | - |  | (34,777 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

10. | RELATED PARTY DISCLOSURES

| All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

| The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies as the group financial statements in which this subsidiary is included are publicly available.

11. | POST BALANCE SHEET EVENTS

| There were no material events up to the date of approval of the financial statements by the Board.

12. | ULTIMATE CONTROLLING PARTY

| The directors consider Applied Radiators Group Limited, a company registered in England and Wales, to be the ultimate parent undertaking by virtue of it's 100% indirect shareholding in the company.