Heating & Process Engineering Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01367785

Heating & Process Engineering Services Limited

Filleted Unaudited Financial Statements

28 February 2026

Heating & Process Engineering Services Limited

Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		58,083	73,418

Current assets

Stocks		76,949	53,018
Debtors	7	730,883	407,040
Cash at bank and in hand		153,390	87,150
		---------	---------
		961,222	547,208

Creditors: amounts falling due within one year	8	836,958		355,025
		---------		---------
Net current assets			124,264	192,183
			---------	---------
Total assets less current liabilities			182,347	265,601

Creditors: amounts falling due after more than one year	9		–	9,066

Provisions	14,141	17,849
	---------	---------
Net assets	168,206	238,686
	---------	---------

Capital and reserves

Called up share capital	5,000	5,000
Profit and loss account	163,206	233,686
	---------	---------
Shareholders funds	168,206	238,686
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Heating & Process Engineering Services Limited

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 19 May 2026 , and are signed on behalf of the board by:

Mr S Allitt	Mr P A Mathieson
Director	Director

Company registration number: 01367785

Heating & Process Engineering Services Limited

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Orchard Court, Unit 1, Crompton Road Industrial Estate, Ilkeston, Derbyshire, DE7 4BG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2025: 17 ).

5. Operating lease commitments

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows: £6,503 (2025:£14,875)

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 March 2025	65,360	75,465	100,099	240,924
Additions	–	916	–	916
Disposals	–	( 415)	–	( 415)
	--------	--------	---------	---------
At 28 February 2026	65,360	75,966	100,099	241,425
	--------	--------	---------	---------
Depreciation
At 1 March 2025	43,847	65,881	57,778	167,506
Charge for the year	3,227	2,434	10,580	16,241
Disposals	–	( 405)	–	( 405)
	--------	--------	---------	---------
At 28 February 2026	47,074	67,910	68,358	183,342
	--------	--------	---------	---------
Carrying amount
At 28 February 2026	18,286	8,056	31,741	58,083
	--------	--------	---------	---------
At 28 February 2025	21,513	9,584	42,321	73,418
	--------	--------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	684,653	350,435
Other debtors	46,230	56,605
	---------	---------
	730,883	407,040
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	8,775	10,000
Trade creditors	719,385	185,590
Amounts owed to group undertakings and undertakings in which the company has a participating interest	45,713	44,361
Corporation tax	34,549	51,718
Social security and other taxes	14,690	48,062
Other creditors	13,846	15,294
	---------	---------
	836,958	355,025
	---------	---------

Within creditors due within one year, a bank loan of £8,775 (2025: £10,000) is secured by a partial guarantee from the UK government, which would only apply in the event that the company becomes unable to meet the repayments.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	9,066
	----	-------

Within creditors falling due after more than one year, a bank loan of £Nil (2025: £9,066) is secured by a partial guarantee from the UK government, which would only apply in the event that the company becomes unable to meet the repayments.

10. Controlling party

The controlling party is Heatpro Engineering Limited. The registered office of this company is Orchard Court, Unit 1 Crompton Road Industrial Estate, Ilkeston, Derbyshire, DE7 4BG.