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DRS HEATING LIMITED - Company Information

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DRS Heating Limited

Registered Number:09026082

For the year ended 31 May 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 May 2021

DRS Heating Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

09026082

As at 31 May 2021

DRS Heating Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

4,797

5,156

4,797

5,156

Current assets

Inventories

300

Trade and other receivables

6,299

684

11,024

Cash and cash equivalents

23,968

24,952

17,623

Trade and other payables: amounts falling due within one

year

(9,192)

(12,550)

8,431

12,402

Net current assets

Total assets less current liabilities

17,199

13,587

Trade and other payables: amounts falling due after more

than one year

(12,000)

(910)

(980)

Provisions for liabilities

4,289

Net assets

607

Capital and reserves

Called up share capital

Retained earnings

4,279

597

4,289

607

Shareholders' funds

For the year ended 31 May 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Dean Robert Stone Director

These financial statements were approved and authorised for issue by the Board on 24 February 2022 and were signed by:

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Registered Number :

09026082

For the year ended 31 May 2021

DRS Heating Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 May 2021

DRS Heating Limited

Notes to the Financial Statements

Statutory Information

DRS Heating Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 09026082.

Principal place of business:

6 Queensholm Crescent

Downend

Bristol

BS16 6LP

Registered address:

Harts House, Gloucester Road

Almondsbury

Bristol

BS32 4JB

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

15% Reducing balance

33% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

Inventories

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.

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For the year ended 31 May 2021

DRS Heating Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 June 2020

19,356

1,436

15,897

2,023

1,086

819

267

Additions

At 31 May 2021

2,290

15,897

2,255

20,442

Provision for depreciation and impairment

At 01 June 2020

14,200

1,089

12,125

986

Charge for year

1,445

317

943

185

At 31 May 2021

15,645

1,406

13,068

1,171

At 31 May 2021

Net book value

1,119

2,829

849

4,797

At 31 May 2020

1,037

3,772

347

5,156

3. Inventories

2020

2021

Stocks

300

4. Trade and other receivables

2020

2021

Trade debtors

465

Other debtors

614

5,834

6,299

684

5. Trade and other payables: amounts falling due within one year

2020

2021

Trade creditors

1,342

258

Taxation and social security

7,757

6,885

Other creditors

3,451

2,049

12,550

9,192

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For the year ended 31 May 2021

DRS Heating Limited

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due after more than one year

2020

2021

Bank loans and overdraft

12,000

7. Average number of persons employed

During the year the average number of employees was 3 (2020 : 4)

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