NU-Heat (North East) Ltd

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05133063

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		289,582		316,656
Investments	5		1,000		1,000

			290,582		317,656
CURRENT ASSETS
Stocks	6	103,364		38,087
Debtors	7	219,301		241,320
Cash at bank and in hand		609,483		609,018

		932,148		888,425
Creditors: Amounts Falling Due Within One Year	8	(426,938 )		(428,994 )

NET CURRENT ASSETS (LIABILITIES)			505,210		459,431

TOTAL ASSETS LESS CURRENT LIABILITIES			795,792		777,087

Creditors: Amounts Falling Due After More Than One Year	9		-		(3,333 )

NET ASSETS			795,792		773,754

CAPITAL AND RESERVES
Called up share capital	11		200		200
Profit and Loss Account			795,592		773,554

SHAREHOLDERS' FUNDS			795,792		773,754

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NU-Heat (North East) Ltd

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 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 Shaun Willis

Director

19/08/2026

The notes on pages 3 to 6 form part of these financial statements.

1. Accounting Policies

1.1. 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.

1.2. 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.

1.3. 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 of .... years.

1.4. 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:

Freehold	0%
Plant & Machinery	15% and 5% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	25% straight line

1.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

1.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2. Average Number of Employees

16Average number of employees, including directors, during the year was: 16 (2025: 13)

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NU-Heat (North East) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

3. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2025	120,000

As at 30 June 2026	120,000

Amortisation
As at 1 July 2025	120,000

As at 30 June 2026	120,000

Net Book Value
As at 30 June 2026	-

As at 1 July 2025	-

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 July 2025	80,039	78,776	357,935	6,046
Additions	-	4,350	57,019	2,312
Disposals	-	-	(95,216 )	-

As at 30 June 2026	80,039	83,126	319,738	8,358

Depreciation
As at 1 July 2025	-	28,994	177,233	4,718
Provided during the period	-	4,552	50,766	546
Disposals	-	-	(60,556 )	-

As at 30 June 2026	-	33,546	167,443	5,264

Net Book Value
As at 30 June 2026	80,039	49,580	152,295	3,094

As at 1 July 2025	80,039	49,782	180,702	1,328


	Computer Equipment	Total
	£	£
Cost
As at 1 July 2025	26,573	549,369
Additions	1,986	65,667
Disposals	(11,638 )	(106,854 )

As at 30 June 2026	16,921	508,182

Depreciation
As at 1 July 2025	21,768	232,713

...CONTINUED

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NU-Heat (North East) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

Provided during the period	2,217	58,081
Disposals	(11,638 )	(72,194 )

As at 30 June 2026	12,347	218,600

Net Book Value
As at 30 June 2026	4,574	289,582

As at 1 July 2025	4,805	316,656

5. Investments

	Other
	£
Cost
As at 1 July 2025	1,000

As at 30 June 2026	1,000

Provision
As at 1 July 2025	-

As at 30 June 2026	-

Net Book Value
As at 30 June 2026	1,000

As at 1 July 2025	1,000

6. Stocks

	2026	2025
	£	£
Materials	47,038	15,238
Work in progress	56,326	22,849

	103,364	38,087

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	215,348	234,295
Prepayments and accrued income	3,953	3,991
Soldo Card	-	3,034

	219,301	241,320

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NU-Heat (North East) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	7,239
Trade creditors	172,062	147,240
Bank loans and overdrafts	3,333	10,000
Corporation tax	82,245	63,669
Other taxes and social security	17,337	10,242
VAT	16,420	24,322
Credit Card	20	20
Capital on tap	44,791	39,191
Accruals and deferred income	7,813	12,930
Directors' loan accounts	82,917	114,141

	426,938	428,994

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	3,333

	-	3,333

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The maturity of these amounts is as follows:
Within one year	-	7,239
Between one and five years	-	-

	-	7,239

	-	7,239

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	200	200

12. General Information

NU-Heat (North East) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05133063 . The registered office is 1 North Seaton Road, Newbiggin-By-The-Sea, Northumberland, NE64 6XS.

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