M A H Heating Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05454378 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

M A H Heating Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Hawkins

REGISTERED OFFICE:

c/o Ency Associates

Printware Court, Cumberland Business Ctr

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

REGISTERED NUMBER:

05454378 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Intangible assets

4

1,780

2,670

Tangible assets

5

9,695

12,846

11,475

15,516

CURRENT ASSETS

Stocks

1,400

1,300

Debtors

6

24,474

22,500

Cash at bank

68,802

70,075

94,676

93,875

CREDITORS

Amounts falling due within one year

7

48,689

44,017

NET CURRENT ASSETS

45,987

49,858

TOTAL ASSETS LESS CURRENT LIABILITIES

57,462

65,374

CREDITORS

Amounts falling due after more than one year

8

(1,952

)

(7,808

)

PROVISIONS FOR LIABILITIES

(2,569

)

(2,441

)

NET ASSETS

52,941

55,125

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

52,891

55,075

SHAREHOLDERS' FUNDS

52,941

55,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 31 July 2023 and were signed by:

M A Hawkins - Director

1.	STATUTORY INFORMATION

M A H Heating Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates 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.

Plant & machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

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 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

17,800

AMORTISATION

At 1 April 2022

15,130

Charge for year

890

At 31 March 2023

16,020

NET BOOK VALUE

At 31 March 2023

1,780

At 31 March 2022

2,670

5.	TANGIBLE FIXED ASSETS

Plant &

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2022

2,939

37,073

2,869

42,881

Additions

139

-

-

139

At 31 March 2023

3,078

37,073

2,869

43,020

DEPRECIATION

At 1 April 2022

2,274

25,386

2,375

30,035

Charge for year

121

2,922

247

3,290

At 31 March 2023

2,395

28,308

2,622

33,325

NET BOOK VALUE

At 31 March 2023

683

8,765

247

9,695

At 31 March 2022

665

11,687

494

12,846

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

Motor

vehicles

£

COST

At 1 April 2022

and 31 March 2023

22,511

DEPRECIATION

At 1 April 2022

13,014

Charge for year

2,374

At 31 March 2023

15,388

NET BOOK VALUE

At 31 March 2023

7,123

At 31 March 2022

9,497

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

18,702

15,573

Other debtors

5,772

6,927

24,474

22,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

5,856

5,856

Trade creditors

16,089

16,177

Taxation and social security

25,049

20,679

Other creditors

1,695

1,305

48,689

44,017

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

1,952

7,808

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

M A Hawkins

Balance outstanding at start of year

5,719

(378

)

Amounts advanced

68,829

68,739

Amounts repaid

(70,919

)

(62,642

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,629

5,719

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M A Hawkins.