REGISTERED NUMBER: 07454873 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Direct Heating Solutions Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

96,354

49,169

CURRENT ASSETS

Stocks

22,850

6,500

Debtors

5

94,783

291,782

Cash at bank

61,647

81,412

179,280

379,694

CREDITORS

Amounts falling due within one year

6

(218,968

)

(355,778

)

NET CURRENT (LIABILITIES)/ASSETS

(39,688

)

23,916

TOTAL ASSETS LESS CURRENT LIABILITIES

56,666

73,085

CREDITORS

Amounts falling due after more than one year

7

(96,571

)

(95,718

)

PROVISIONS FOR LIABILITIES

(18,307

)

(9,342

)

NET LIABILITIES

(58,212

)

(31,975

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(58,312

)

(32,075

)

SHAREHOLDERS' FUNDS

(58,212

)

(31,975

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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.

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 director and authorised for issue on 3 March 2026 and were signed by:

Mr S M Baldwin - Director

1.	STATUTORY INFORMATION

Direct Heating Solutions 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:

07454873

Registered office:

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

3,410

69,101

3,737

76,248

Additions

-

79,995

624

80,619

At 30 November 2025

3,410

149,096

4,361

156,867

DEPRECIATION

At 1 December 2024

3,410

21,178

2,491

27,079

Charge for year

-

31,980

1,454

33,434

At 30 November 2025

3,410

53,158

3,945

60,513

NET BOOK VALUE

At 30 November 2025

-

95,938

416

96,354

At 30 November 2024

-

47,923

1,246

49,169

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

39,414

162,643

Other debtors

55,369

129,139

94,783

291,782

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

39,911

33,423

Hire purchase contracts (see note 8)

17,585

13,905

Trade creditors

38,460

84,376

Taxation and social security

61,658

151,459

Other creditors

61,354

72,615

218,968

355,778

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

22,388

62,299

Hire purchase contracts (see note 8)

74,183

33,419

96,571

95,718

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.11.25

30.11.24

£

£

Net obligations repayable:

Within one year

17,585

13,905

Between one and five years

74,183

33,419

91,768

47,324

Non-cancellable

operating leases

30.11.25

30.11.24

£

£

Within one year

5,911

5,911

Between one and five years

8,933

14,844

14,844

20,755

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

Mrs S Baldwin and Mr S M Baldwin

Balance outstanding at start of year

111,235

121,429

Amounts advanced

-

9,886

Amounts repaid

(73,769

)

(20,080

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

37,466

111,235

Loans in excess of £10,000 are charged interest at a rate of 2.25% per annum.