Gloucester Heating Spares Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 5453478

Gloucester Heating Spares Limited

Filleted Unaudited Financial Statements

31 May 2026

Gloucester Heating Spares Limited

Financial Statements

Year ended 31 May 2026

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Gloucester Heating Spares Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Gloucester Heating Spares Limited

Year ended 31 May 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2026, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

HARPER SHELDON LIMITED Chartered Accountants

Midway House Staverton Technology Park Herrick Way, Staverton Cheltenham, Glos. GL51 6TQ

21 October 2026

Gloucester Heating Spares Limited

Statement of Financial Position

31 May 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	117,326	120,296

Current assets

Stocks		93,576	85,068
Debtors	6	79,352	64,747
Cash at bank and in hand		149,081	163,941
		---------	---------
		322,009	313,756

Creditors: amounts falling due within one year	7	( 103,607)	( 62,145)
		---------	---------
Net current assets		218,402	251,611
		---------	---------
Total assets less current liabilities		335,728	371,907

Creditors: amounts falling due after more than one year	8	( 69,176)	( 72,503)

Provisions

Taxation including deferred tax	( 1,400)	( 1,432)
	---------	---------
Net assets	265,152	297,972
	---------	---------

Gloucester Heating Spares Limited

Statement of Financial Position (continued)

31 May 2026

	2026	2025
Note	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	265,150	297,970
	---------	---------
Shareholders funds	265,152	297,972
	---------	---------

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 31 May 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 .

These financial statements were approved by the board of directors and authorised for issue on 21 October 2026 , and are signed on behalf of the board by:

D.B. Jewell	K.L. Jewell
Director	Director

Company registration number: 5453478

Gloucester Heating Spares Limited

Notes to the Financial Statements

Year ended 31 May 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 Midway House, Staverton Technology Park, Herrick Way, Staverton, Cheltenham, Glos, GL51 6TQ.

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. 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, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.

Depreciation

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

Freehold property	-	2% straight line
Computer equipment	-	20% straight line
Fixtures, fittings and equipment	-	15% reducing balance

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Land and buildings	Computer equipment	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 June 2025	140,067	5,344	13,177	158,588
Additions	–	625	619	1,244
	---------	-------	--------	---------
At 31 May 2026	140,067	5,969	13,796	159,832
	---------	-------	--------	---------
Depreciation
At 1 June 2025	27,310	3,062	7,920	38,292
Charge for the year	2,801	597	816	4,214
	---------	-------	--------	---------
At 31 May 2026	30,111	3,659	8,736	42,506
	---------	-------	--------	---------
Carrying amount
At 31 May 2026	109,956	2,310	5,060	117,326
	---------	-------	--------	---------
At 31 May 2025	112,757	2,282	5,257	120,296
	---------	-------	--------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	78,219	63,655
Other debtors	1,133	1,092
	--------	--------
	79,352	64,747
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loan	3,267	3,067
Trade creditors	24,919	19,454
Social security and other taxes	14,740	21,050
Other creditors	60,681	18,574
	---------	--------
	103,607	62,145
	---------	--------

The bank loan is secured by fixed and floating charges over the assets of the company and also by a guarantee of £25,000 given by the directors. Other creditors include £59,512 (2025 - £17,268) in respect of the directors' loan accounts. The directors have not charged interest on their loans to the company.

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

	2026	2025
	£	£
Bank loan	69,176	72,503
	--------	--------

The bank loan is secured by fixed and floating charges over the assets of the company and also by a guarantee of £25,000 given by the directors. The bank loan includes an amount of £55,306 (2025 - £58,633) payable more than five years from the statement of financial position date.