REGISTERED NUMBER: SC350309 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

ECO COIL HEATING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

S Craig

M Craig

C Craig

REGISTERED OFFICE:

27 Newmilns Gardens

The Gables,

Lanarkshire

Glasgow

G72 0JQ

REGISTERED NUMBER:

SC350309 (Scotland)

ACCOUNTANTS:

McAllisters

Paxton House

11 Woodside Crescent

Charing Cross

Glasgow

G3 7UL

FIXED ASSETS

Tangible assets

4

106,039

89,201

CURRENT ASSETS

Stocks

5

10,000

-

Debtors

6

183,675

164,028

Cash at bank

187,227

111,552

380,902

275,580

CREDITORS

Amounts falling due within one year

7

344,552

294,203

NET CURRENT ASSETS/(LIABILITIES)

36,350

(18,623

)

TOTAL ASSETS LESS CURRENT LIABILITIES

142,389

70,578

CREDITORS

Amounts falling due after more than one year

8

(44,522

)

(42,649

)

PROVISIONS FOR LIABILITIES

11

(20,794

)

(3,691

)

NET ASSETS

77,073

24,238

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

76,973

24,138

SHAREHOLDERS' FUNDS

77,073

24,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

S Craig - Director

1.	STATUTORY INFORMATION

Eco Coil Heating Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable, net of discount and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of a contract between Eco Coil Heating Ltd and it's customer. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged to profit and loss over the estimated useful economic lives, as follows:

Plant and Machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

At each reporting date the company assesses whether there is any indication of impairment. if such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use.

Any impairment loss is recognised immediately as an expense within profit and loss.

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 Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Basic financial instruments

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Provisions

A provision is recognised when a company has a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

6,416

137,285

143,701

Additions

-

52,185

52,185

At 31 December 2025

6,416

189,470

195,886

DEPRECIATION

At 1 January 2025

6,416

48,084

54,500

Charge for year

-

35,347

35,347

At 31 December 2025

6,416

83,431

89,847

NET BOOK VALUE

At 31 December 2025

-

106,039

106,039

At 31 December 2024

-

89,201

89,201

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

137,285

Additions

52,185

At 31 December 2025

189,470

DEPRECIATION

At 1 January 2025

48,084

Charge for year

35,347

At 31 December 2025

83,431

NET BOOK VALUE

At 31 December 2025

106,039

At 31 December 2024

89,201

5.

STOCKS

31.12.25

31.12.24

as restated

£

£

Stocks

10,000

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade debtors

136,890

90,983

Other debtors

18,249

33,890

Directors' current accounts

3,003

3,003

VAT

25,533

36,152

183,675

164,028

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Bank loans and overdrafts (see note 9)

2,515

7,188

Hire purchase contracts

28,448

28,541

Trade creditors

219,633

136,841

Tax

25,044

15,667

Social security and other taxes

7,260

50,047

Other creditors

44,817

51,769

Accrued expenses

16,835

4,150

344,552

294,203

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Hire purchase contracts

44,522

42,649

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

as restated

£

£

Amounts falling due within one year or on demand:

Bank loans

2,515

7,188

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

as restated

£

£

Bank loans

2,515

7,188

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

as restated

£

£

Deferred tax

20,794

3,691

Deferred

tax

£

Balance at 1 January 2025

3,691

Provided during year

17,103

Balance at 31 December 2025

20,794

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

as restated

£

£

51

A Ordinary

1

51

51

49

B Ordinary

1

49

49

100

100

13.

RESERVES

Retained

earnings

£

At 1 January 2025

264,790

Prior year adjustment

(240,652

)

24,138

Profit for the year

52,835

At 31 December 2025

76,973

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

as restated

£

£

S Craig

Balance outstanding at start of year

3,003

3,003

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,003

3,003

15.	RELATED PARTY DISCLOSURES

Director's remuneration of £91,400 was paid during the year.

16.	ULTIMATE CONTROLLING PARTY

Stephen Craig own 51% of the company and is the ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eco Coil Heating Ltd for the year ended 31 December 2025 which comprise the Profit and Loss Account, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Eco Coil Heating Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eco Coil Heating Ltd and state those matters that we have agreed to state to the Board of Directors of Eco Coil Heating Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. 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.

It is your duty to ensure that Eco Coil Heating Ltd 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 Eco Coil Heating Ltd. You consider that Eco Coil Heating Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eco Coil Heating 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 financial statements.

McAllisters

Paxton House

11 Woodside Crescent

Charing Cross

Glasgow

G3 7UL

22 September 2026