Hot And Cold Technical (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05698567 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2020

for

Hot And Cold Technical (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R S Pond

REGISTERED OFFICE:

33 Piping Green

Colden Common

Winchester

SO21 1TU

REGISTERED NUMBER:

05698567 (England and Wales)

ACCOUNTANTS:

Arlington Accountants Limited

Unit C Anchor House

School Lane

Chandlers ford

Eastleigh

Hampshire

SO53 4DY

FIXED ASSETS

Tangible assets

4

15,292

-

CURRENT ASSETS

Stocks

563

533

Debtors

5

3,471

3,687

Cash at bank

674

469

4,708

4,689

CREDITORS

Amounts falling due within one year

6

15,153

4,301

NET CURRENT (LIABILITIES)/ASSETS

(10,445

)

388

TOTAL ASSETS LESS CURRENT LIABILITIES

4,847

388

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,846

387

4,847

388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2020 and were signed by:

R S Pond - Director

1.	STATUTORY INFORMATION

Hot And Cold Technical (Uk) Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the provision of plumbing, heat and air-conditioning installation services and is recognised upon

invoicing the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following

annual rate 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.

Motor vehicles - 20% on cost

Computer equipment - 20% on cost

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 Income Statement, 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.

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.

Short-term debtors and creditors

Debtors and Creditors receivable and payable within one year or on demand are recorded at transaction price

whether or not a rate of interest is charged on the balance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

Additions

18,995

120

19,115

At 29 February 2020

18,995

120

19,115

DEPRECIATION

Charge for year

3,799

24

3,823

At 29 February 2020

3,799

24

3,823

NET BOOK VALUE

At 29 February 2020

15,196

96

15,292

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

Motor

vehicles

£

COST

Additions

18,995

At 29 February 2020

18,995

DEPRECIATION

Charge for year

3,799

At 29 February 2020

3,799

NET BOOK VALUE

At 29 February 2020

15,196

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

525

3,090

Directors' current accounts

2,746

397

Prepayments and accrued income

200

200

3,471

3,687

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

12,129

-

Tax

1,961

3,238

Accrued expenses

1,063

1,063

15,153

4,301

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2020 and

28 February 2019:

2020

2019

£

£

R S Pond

Balance outstanding at start of year

397

2,055

Amounts advanced

78,989

53,762

Amounts repaid

(76,640

)

(55,420

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,746

397