| Proper Heat Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Proper Heat Ltd for the period ended 31 March 2026 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Proper Heat Ltd for the period ended 31 March 2026 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/ members/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Proper Heat Ltd, as a body, in accordance with the terms of our engagement letter dated 26 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Proper Heat Ltd and state those matters that we have agreed to state to the Board of Directors of Proper Heat Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Proper Heat Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Proper Heat Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Proper Heat Ltd. You consider that Proper Heat Ltd is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the accounts of Proper Heat Ltd. 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 accounts. |
|
| Keith Graham |
| Chartered Accountants |
| Suite 2 Wesley Chambers |
| Queens Road |
| Aldershot |
| Hampshire |
| GU11 3JD |
|
| 25 August 2026 |
|
| Proper Heat Ltd |
| Registered number: |
16342110 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
3 |
|
|
18,332 |
|
| Current assets |
| Debtors |
4 |
|
2,478 |
| Cash at bank and in hand |
|
|
56,853 |
|
|
|
59,331 |
|
|
|
| Creditors: amounts falling due within one year |
5 |
|
(65,926) |
|
| Net current liabilities |
|
|
|
(6,595) |
|
|
| Total assets less current liabilities |
|
|
|
11,737 |
|
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(8,200) |
|
| Provisions for liabilities |
|
|
|
(3,483) |
|
|
| Net assets |
|
|
|
54 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
| Profit and loss account |
|
|
|
53 |
|
| Shareholder's funds |
|
|
|
54 |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr J R Taylor |
| Director |
| Approved by the board on 24 August 2026 |
|
| Proper Heat Ltd |
| Notes to the Accounts |
| for the period from 25 March 2025 to 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by applying the five-step model, which is designed to represent the transfer of promised goods or services to customers. The amount recognised reflect the consideration the company expects to be entitled to in exchange for those goods or services.
Revenue from the service of boilers included within these types of contracts are treated as separate performance obligations which is performed by the trained director.
Revenue for the boiler services is recognised at a point of time and not over time. Customer acceptance after service confirms their control over the serviced boiler, as they can direct its use and benefit from it. Control transfers at the point of customer acceptance, which is the point at which revenue is recognised.
The company provides levels of cover for customers subject to an initial chargeable service and inspection. The initial boiler service will be charged at the standard service rate. However, this fee will be waived if the cusotmer proceeds to sign up for a customer care plan.
At the point of customer acceptance, the total chargeable service is recognised as revenue and the remaining transaction price outstanding is recognised as a trade receivable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% Straight Line |
|
Motor vehicles |
20% Straight Line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2026 |
|
| Number |
|
|
|
Average number of persons employed by the company |
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
Additions |
165 |
|
22,750 |
|
22,915 |
|
At 31 March 2026 |
165 |
|
22,750 |
|
22,915 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
33 |
|
4,550 |
|
4,583 |
|
At 31 March 2026 |
33 |
|
4,550 |
|
4,583 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
132 |
|
18,200 |
|
18,332 |
|
|
| 4 |
Debtors |
2026 |
|
| £ |
|
|
|
Trade debtors |
1,855 |
|
Other debtors |
623 |
|
|
|
|
|
|
2,478 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
| £ |
|
|
|
Obligations under finance lease and hire purchase contracts |
2,460 |
|
Taxation and social security costs |
5,902 |
|
Other creditors |
57,564 |
|
|
|
|
|
|
65,926 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
| £ |
|
|
|
Obligations under finance lease and hire purchase contracts |
8,200 |
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Proper Heat Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 2 Wesley Chambers |
|
Queens Road |
|
Aldershot |
|
Hampshire |
|
GU11 3JD |
|
|
The functional currency for these accounts is Sterling. |