Heaney Heating Limited iXBRL

Company Registration Number: NI607194

Heaney Heating Limited

Unaudited Financial Statements

for the financial year ended 30 April 2026

Heaney Heating Limited

DIRECTORS AND OTHER INFORMATION


Directors	Nicole Heaney
	Ryan Heaney
	Paul Heaney


Company Registration Number	NI607194


Registered Office and Business Address	28e Comber Road
	Belfast
	Co Antrim
	BT8 8AN


Accountants	Quarter
	Chartered Accountants
	St Anne's House
	15 Church Street
	Cathedral Quarter
	Belfast
	BT1 1PG


Bankers	HSBC
	25-29 Royal Avenue
	Belfast
	BT1 1FB

Heaney Heating Limited

CHARTERED ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of Heaney Heating Limited

for the financial year ended 30 April 2026

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 April 2026 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Heaney Heating Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. 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.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position for the year ended 30 April 2026 your duty to ensure that Heaney Heating 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 Heaney Heating Limited. You consider that Heaney Heating Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Heaney Heating Limited. For this reason, we have not verified the adequacy, 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.

QUARTER

Chartered Accountants

St Anne's House

15 Church Street

Cathedral Quarter

Belfast

BT1 1PG

14 August 2026

Heaney Heating Limited

Company Registration Number: NI607194

STATEMENT OF FINANCIAL POSITION

as at 30 April 2026

		2026	2025
	Notes	£	£

Non-Current Assets

Property, plant and equipment

673,695

715,115

─────────

Current Assets

Inventories

16,950

10,557

Receivables

31,771

60,785

Cash and cash equivalents

108,840

78,654

─────────

157,561

149,996

─────────

Payables: amounts falling due within one year

(618,783)

(652,056)

─────────

Net Current Liabilities

(461,222)

(502,060)

─────────

Total Assets less Current Liabilities

212,473

213,055

Payables:

amounts falling due after more than one year

(292,406)

(363,287)

Provisions for liabilities

2,985

21,996

─────────

Net Liabilities

(76,948)

(128,236)

═════════

Equity

Called up share capital

100

100

Retained earnings

(77,048)

(128,336)

─────────

Equity attributable to owners of the company

(76,948)

(128,236)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 14 August 2026 and signed on its behalf by



________________________________
Ryan Heaney
Director

Heaney Heating Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 April 2026

General Information

Heaney Heating Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 28e Comber Road, Belfast, Co Antrim, BT8 8AN which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the period ended 30 April 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Revenue

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

2% Straight line

Fixtures, fittings and equipment

25% reducing balance

Motor vehicles

20% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing and hire purchases

Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

Inventories

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other receivables

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other payables

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Exceptional item

Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

Going concern

At 30th April 2026 the balance sheet showed a deficiency of assets of £76,948. The company remains reliant upon the support of its directors.

Employees

The average monthly number of employees, including directors, during the financial year was 13. (2025 - 13).

2026

2025

Number

Number

All

═════════


5.	Property, plant and equipment
		Land and	Fixtures,	Motor	Total
		buildings	fittings and	vehicles
		freehold	equipment
		£	£	£	£
	Cost or Valuation
	At 1 May 2025	509,184	29,711	347,966	886,861
		─────────	─────────	─────────	─────────

	At 30 April 2026	509,184	29,711	347,966	886,861
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 May 2025	-	25,050	146,696	171,746
	Charge for the financial year	-	1,166	40,254	41,420
		─────────	─────────	─────────	─────────
	At 30 April 2026	-	26,216	186,950	213,166
		─────────	─────────	─────────	─────────
	Carrying amount
	At 30 April 2026	509,184	3,495	161,016	673,695
		═════════	═════════	═════════	═════════
	At 30 April 2025	509,184	4,661	201,270	715,115
		═════════	═════════	═════════	═════════

5.1.

Property, plant and equipment continued

Included above are assets held under finance leases or hire purchase contracts as follows:

2026

2025

Carrying

Depreciation

Carrying

Depreciation

amount

charge

amount

charge

Motor vehicles

138,240

34,560

172,800

43,200

═════════


6.	Inventories	2026	2025
		£	£

	Work in progress	16,950	10,557
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


7.	Receivables	2026	2025
		£	£

	Trade receivables	31,738	59,967
	Other debtors	-	785
	Prepayments and accrued income	33	33
		─────────	─────────
		31,771	60,785
		═════════	═════════


8.	Payables	2026	2025
	Amounts falling due within one year	£	£

	Bank loan	42,660	51,033
	Net obligations under finance leases
	and hire purchase contracts	59,196	59,196
	Trade payables	249,074	265,416
	Taxation (Note 10)	48,519	20,240
	Directors' current accounts	148,266	180,249
	Other creditors	67,605	70,622
	Accruals:
	Pension accrual	338	2,175
	Other accruals	3,125	3,125
		─────────	─────────
		618,783	652,056
		═════════	═════════


9.	Payables	2026	2025
	Amounts falling due after more than one year	£	£

	Bank loan	197,416	223,680
	Finance leases and hire purchase contracts	94,990	139,607
		─────────	─────────
		292,406	363,287
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 8)	42,660	51,033
	Repayable between one and two years	41,776	41,421
	Repayable between two and five years	155,640	182,259
		─────────	─────────
		240,076	274,713
		═════════	═════════


	Net obligations under finance leases
	and hire purchase contracts
	Repayable within one year	59,196	59,196
	Repayable between one and five years	94,990	139,607
		─────────	─────────
		154,186	198,803
		═════════	═════════


10.	Taxation	2026	2025
		£	£

	Payables:
	VAT	42,815	10,693
	Corporation tax	-	1
	PAYE / NI	5,704	9,546
		─────────	─────────
		48,519	20,240
		═════════	═════════

11.

Details of creditors

Security given in respect of creditors

The following security has been agreed in relation to the Company's borrowing:

- First Legal Charge over all assets belonging to Heaney Heating Limited.

The above noted charge also contains a floating charge which includes all the property or undertaking of the company and a negative pledge.

12.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Losses

Total

Total

allowances

2026

2025

At financial year start

51,483

(73,479)

(21,996)

17,536

Charged to profit and loss

(10,355)

29,366

19,011

(39,532)

─────────

At financial year end

41,128

(44,113)

(2,985)

(21,996)

═════════

13.

Related party transactions

Heaney Heating Services (NI) Ltd

Nicole Heaney is a director of Heaney Heating Ltd. She is also a director and shareholder of Heaney Heating Services (NI) Ltd. As at 1 May 2025, Heaney Heating Ltd owed Heaney Heating Services (NI) Ltd a total of £9,555. In the period the net transactions between Heaney Heating Services (NI) Ltd and Heaney Heating Limited amounted to £9,555. This resulted in a closing balance of £nil due to Heaney Heating Services (NI) Ltd.

Heaney Heating Plumbing Ltd

Paul Heaney is a director and shareholder in Heaney Heating Ltd. He is also a director and shareholder in Heaney Heating Plumbing Ltd. As at 1 May 2025, Heaney Heating Plumbing Ltd owed Heaney Heating Ltd a total of £61,067. In the period the net transactions between Heaney Heating Plumbing Ltd and Heaney Heating Limited amounted to £6,538. This resulted in a closing balance due to Heaney Heating Plumbing Ltd of £67,605.

This amount is included within Other Creditors.

The above balance is interest free and repayable upon demand.

14.

Directors' advances, credits and guarantees

At 1 May 2025, £180,249 was owed to the directors. Net transactions during the period amount to £31,983. At 30 April 2026, £148,266 was owed to the directors. These loans are interest free and repayable on demand.