A.B.W.HEATING LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00985058 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

A.B.W.HEATING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Alexander

SECRETARY:

M Alexander

REGISTERED OFFICE:

62 Portsmouth Road

Cobham

Surrey

KT11 1HY

REGISTERED NUMBER:

00985058 (England and Wales)

ACCOUNTANTS:

Kate Haynes Ltd

129 Woodlands Road

Little Bookham

Leatherhead

Surrey

KT23 4HN

CURRENT ASSETS

Stocks

49,015

64,597

Debtors

6

41,269

26,372

Cash at bank

79,920

91,868

170,204

182,837

CREDITORS

Amounts falling due within one year

7

44,654

50,445

NET CURRENT ASSETS

125,550

132,392

TOTAL ASSETS LESS CURRENT LIABILITIES

125,550

132,392

CAPITAL AND RESERVES

Called up share capital

8

2,000

2,000

Retained earnings

9

123,550

130,392

SHAREHOLDERS' FUNDS

125,550

132,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 4 September 2023 and were signed by:

M Alexander - Director

1.	STATUTORY INFORMATION

A.B.W.HEATING 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.

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 2018, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

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

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2022

and 30 June 2023

25,000

AMORTISATION

At 1 July 2022

and 30 June 2023

25,000

NET BOOK VALUE

At 30 June 2023

-

At 30 June 2022

-

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 July 2022

and 30 June 2023

4,285

DEPRECIATION

At 1 July 2022

and 30 June 2023

4,285

NET BOOK VALUE

At 30 June 2023

-

At 30 June 2022

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

24,066

13,372

Other debtors

15,500

13,000

Tax

1,703

-

41,269

26,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

23,224

28,872

Tax

-

2,195

Social security and other taxes

20,273

18,327

Other creditors

1,157

1,051

44,654

50,445

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

2,000

Ordinary

£1

2,000

2,000

9.

RESERVES

Retained

earnings

£

At 1 July 2022

130,392

Deficit for the year

(6,842

)

At 30 June 2023

123,550

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23

30.6.22

£

£

M Alexander

Balance outstanding at start of year

8,000

-

Amounts advanced

2,500

8,000

Amounts repaid

(1,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,000

8,000