REGISTERED NUMBER: 08382849 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

MIDLANDS HEATING SOLUTIONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S J McFarlane

REGISTERED OFFICE:

Unit 2 Two Woods Trading Estate

Talbots Lane

Brierley Hill

DY5 2YX

REGISTERED NUMBER:

08382849 (England and Wales)

ACCOUNTANTS:

Blackthorns

Admiral House

Waterfront East

Brierley Hill

West Midlands

DY5 1XG

FIXED ASSETS

Tangible assets

4

432,282

478,976

CURRENT ASSETS

Stocks

47,354

39,854

Debtors

5

1,337,929

1,345,413

Cash at bank and in hand

157,322

1,839

1,542,605

1,387,106

CREDITORS

Amounts falling due within one year

6

1,807,899

1,646,889

NET CURRENT LIABILITIES

(265,294

)

(259,783

)

TOTAL ASSETS LESS CURRENT LIABILITIES

166,988

219,193

CREDITORS

Amounts falling due after more than one year

7

(58,642

)

(119,860

)

PROVISIONS FOR LIABILITIES

(107,000

)

(117,395

)

NET ASSETS/(LIABILITIES)

1,346

(18,062

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,344

(18,064

)

1,346

(18,062

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2026 and were signed by:

S J McFarlane - Director

1.	STATUTORY INFORMATION

Midlands Heating Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08382849. The registered office address is Unit 2 Two Woods Trading Estate, Talbots Lane, Brierley Hill, England, DY5 2YX.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - reducing balance at 10% and 20% p.a.

Motor vehicles - reducing balance at 25% p.a.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and amounts owed to and by group companies.

All financial assets and liabilities are initially measured at transaction value and subsequently measured at amortised cost.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

612,005

Additions

53,496

At 31 January 2026

665,501

DEPRECIATION

At 1 February 2025

133,029

Charge for year

100,190

At 31 January 2026

233,219

NET BOOK VALUE

At 31 January 2026

432,282

At 31 January 2025

478,976

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

52,275

299,643

Other debtors

1,285,654

1,045,770

1,337,929

1,345,413

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

4,415

10,448

Hire purchase contracts

54,833

23,514

Trade creditors

180,063

515,602

Taxation and social security

74,000

37,741

Other creditors

1,494,588

1,059,584

1,807,899

1,646,889

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

-

4,363

Hire purchase contracts

58,642

115,497

58,642

119,860

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 were paid to the director .