Company No: 07097685 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	28.02.2026		28.02.2025
		£		£
Fixed assets
Tangible assets	3	10,050		10,299
		10,050		10,299
Current assets
Stocks		350		300
Debtors	4	4,122		902
Cash at bank and in hand		53,185		48,496
		57,657		49,698
Creditors: amounts falling due within one year	5	( 19,203)		( 24,926)
Net current assets		38,454		24,772
Total assets less current liabilities		48,504		35,071
Provision for liabilities		( 961)		( 1,023)
Net assets		47,543		34,048
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		47,443		33,948
Total shareholders' funds		47,543		34,048

For the financial year ending 28 February 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Walcott Heating Limited (registered number: 07097685) were approved and authorised for issue by the Director on 24 August 2026. They were signed on its behalf by:

M J Berry Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Walcott Heating Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is 72 Walcott Avenue, Christchurch, Dorset, BH23 2NG.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	Year ended 28.02.2026		Period from 01.01.2024 to 28.02.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 March 2025	6,207		3,923		18,140		3,209		31,479
Additions	0		220		0		671		891
At 28 February 2026	6,207		4,143		18,140		3,880		32,370
Accumulated depreciation
At 01 March 2025	0		3,199		15,853		2,128		21,180
Charge for the financial year	0		222		572		346		1,140
At 28 February 2026	0		3,421		16,425		2,474		22,320
Net book value
At 28 February 2026	6,207		722		1,715		1,406		10,050
At 28 February 2025	6,207		724		2,287		1,081		10,299

4. Debtors

	28.02.2026		28.02.2025
	£		£
Trade debtors	3,165		103
Other debtors	957		799
	4,122		902

5. Creditors: amounts falling due within one year

	28.02.2026		28.02.2025
	£		£
Trade creditors	5,198		6,887
Corporation tax	8,888		9,111
Other taxation and social security	1,924		6,477
Other creditors	3,193		2,451
	19,203		24,926

6. Called-up share capital

	28.02.2026		28.02.2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100