Priority Heating Ltd - Filleted accounts

Priority Heating Ltd - Filleted accounts

PRIORITY HEATING LIMITED - Company Information

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Registered number
04645563
Priority Heating Ltd
Filleted Accounts
31 January 2021
Priority Heating Ltd
Registered number: 04645563
Balance Sheet
as at 31 January 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 25,425 25,425
Current assets
Cash at bank and in hand 3,656 3,656
Creditors: amounts falling due within one year 4 (884) (884)
Net current assets 2,772 2,772
Net assets 28,197 28,197
Capital and reserves
Called up share capital 1 1
Profit and loss account 28,196 28,196
Shareholder's funds 28,197 28,197
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L. Scott
Director
Approved by the board on 25 October 2021
Priority Heating Ltd
Notes to the Accounts
for the year ended 31 January 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2020 11,246 31,890 43,136
At 31 January 2021 11,246 31,890 43,136
Depreciation
At 1 February 2020 9,738 7,973 17,711
At 31 January 2021 9,738 7,973 17,711
Net book value
At 31 January 2021 1,508 23,917 25,425
At 31 January 2020 1,508 23,917 25,425
4 Creditors: amounts falling due within one year 2021 2020
£ £
Other creditors 884 884
5 Other information
Priority Heating Ltd is a private company limited by shares and incorporated in England. Its registered office is 129b High Street Stevenage SG1 3HS:
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