Superheat FGH Limited - Accounts to registrar (filleted) - small 23.1.2
Superheat FGH Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2022 |
| FOR |
| SUPERHEAT FGH LIMITED |
| SUPERHEAT FGH LIMITED (REGISTERED NUMBER: 06690120) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 SEPTEMBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| SUPERHEAT FGH LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 SEPTEMBER 2022 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditor |
| 260 - 270 Butterfield |
| Great Marlings |
| Luton |
| Bedfordshire |
| LU2 8DL |
| SUPERHEAT FGH LIMITED (REGISTERED NUMBER: 06690120) |
| BALANCE SHEET |
| 30 SEPTEMBER 2022 |
| 2022 | 2021 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Other reserves |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 |
| SUPERHEAT FGH LIMITED (REGISTERED NUMBER: 06690120) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 SEPTEMBER 2022 |
| 1. | STATUTORY INFORMATION |
| Superheat FGH Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The company has a deficiency of net assets but has a surplus of net current assets and is trading profitably. |
| The long term liability is a loan from the group company and the financial statements have been prepared on the basis that the loan will remain in place. As a result the financial statements are prepared on a going concern basis. |
| 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. |
| Short leasehold | - | over remaining period of the lease |
| Plant and machinery | - | Straight line over 3 years and Straight line over 5 years |
| Fixtures and fittings | - | 50% on reducing balance, 30% on reducing balance and 20% on reducing balance |
| Motor vehicles | - | 30% on reducing balance |
| All additions and disposals are depreciated on an appropriate proportion of the annual charge for the class of asset. |
| Financial instruments |
| The company has chosen to adopt Section 11 and 12 of FRS 102 in respect of financial instruments. |
| Basic financial assets and liabilities, including trade and other debtors, trade and other creditors and loans from fellow group companies are recognised at amortised cost. |
| 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 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| SUPERHEAT FGH LIMITED (REGISTERED NUMBER: 06690120) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 SEPTEMBER 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Grants |
| Revenue grants are credited to the profit and loss account as to match them with the expenditure to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Motor |
| leasehold | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2021 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 September 2022 |
| DEPRECIATION |
| At 1 October 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 September 2022 |
| NET BOOK VALUE |
| At 30 September 2022 |
| At 30 September 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| as restated |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| VAT |
| Prepayments and accrued income |
| A debenture is in existence over the assets of the company in favour of HSBC Bank Canada which incorporates both a fixed and floating charge over the assets and undertakings of the company. |
| SUPERHEAT FGH LIMITED (REGISTERED NUMBER: 06690120) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 SEPTEMBER 2022 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| as restated |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| as restated |
| £ | £ |
| Amounts owed to group undertakings |
| The company has a loan from a group undertaking of $8,200,000 (2021 - $8,100,000). The loan is repayable after more than one year. The interest rate on the loan is 2.1%. In 2022, there was group interest payable of £136,008 (2021 - £141,109). |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2022 | 2021 |
| as restated |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | as restated |
| £ | £ |
| Ordinary | £1 | 600 | 600 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| SUPERHEAT FGH LIMITED (REGISTERED NUMBER: 06690120) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 SEPTEMBER 2022 |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is FGH Controls Limited. |
| The ultimate controlling party is |