Rung Heating Supplies Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Rung Heating Supplies Limited

Balance Sheet

31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	83,024	156,373
Current assets
Stocks		441,011	340,267
Debtors	5	2,046,387	2,224,610
Cash at bank and in hand		456,739	593,329
		2,944,137	3,158,206
Creditors: Amounts falling due within one year	6	(2,115,921)	(2,657,041)
Net current assets		828,216	501,165
Total assets less current liabilities		911,240	657,538
Creditors: Amounts falling due after more than one year	6	(799)	(78,749)
Provisions for liabilities		-	(5,078)
Net assets		910,441	573,711
Capital and reserves
Called up share capital	7	30,030	30,030
Profit and loss account		880,411	543,681
Shareholders' funds		910,441	573,711

Rung Heating Supplies Limited

Balance Sheet

31 March 2026

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 12 September 2026
 

......................................... Mr M R Critchlow Company secretary and director

Company Registration Number: 00927976

Rung Heating Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4A, Marsh Lane
Henstridge Trading Estate
Henstridge
Templecombe
Somerset
BA8 0TG

These financial statements were authorised for issue by the director on 12 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A, and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that, as disclosed in the accounting policies, certain items are shown at fair value.

Revenue recognition

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, and is shown net of value added tax and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Rung Heating Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% straight line
Motor vehicles	20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Rung Heating Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Hire purchase liabilities; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2025 - 21).

Rung Heating Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

4	Tangible assets

	Fixtures and fittings  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	10,764	309,055	319,819
Additions	-	23,322	23,322
Disposals	-	(175,700)	(175,700)
At 31 March 2026	10,764	156,677	167,441
Depreciation
At 1 April 2025	8,082	155,364	163,446
Charge for the year	1,166	20,376	21,542
Eliminated on disposal	-	(100,571)	(100,571)
At 31 March 2026	9,248	75,169	84,417
Carrying amount
At 31 March 2026	1,516	81,508	83,024
At 31 March 2025	2,682	153,691	156,373

5

Debtors

	Note	2026 £	2025 £
Trade debtors		981,208	1,577,373
Amounts owed by group undertakings	9	986,284	566,308
Prepayments		10,882	11,113
Other debtors		68,013	69,816
		2,046,387	2,224,610

Rung Heating Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025  £
Due within one year
Hire purchase liabilities		16,716	25,440
Trade creditors		1,373,900	1,117,935
Corporation tax		235,333	112,432
Social security and other taxes		52,625	47,688
Other creditors		321,597	20,597
Accrued expenses		115,750	1,332,949
		2,115,921	2,657,041

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Hire purchase liabilities		799	78,749

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	30,000	30,000	30,000	30,000
"A" Ordinary shares of £1 each	10	10	10	10
"B" Ordinary shares of £1 each	10	10	10	10
"C" Ordinary shares of £1 each	10	10	10	10
	30,030	30,030	30,030	30,030

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £117,058 (2025 - £143,394).

Rung Heating Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

9	Related party transactions

Transactions with the director

Summary of transactions with parent

Rung Heating Supplies (Holdings) Limited
During the year the company paid dividends totalling £645,000 (2025 - £697,500) to its parent company, and at 31 March 2026 an amount of £986,284 was owed by that company.