Heat Engineer Software Ltd
Heat Engineer Software Ltd
Registered number: 09637929
Financial Statements
For The Year Ended
30 June 2023
Heat Engineer Software Ltd
Financial Statements
For The Year Ended
30 June 2023
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Heat Engineer Software Ltd
Balance Sheet
As At
30 June 2023
Balance Sheet
Registered number:
09637929
For the year ending 30 June 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 5 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
( |
|||
| NET ASSETS/(LIABILITIES) |
|
( |
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
|
|
||
| Share premium account |
|
|
|||
| Profit and Loss Account |
( |
( |
|||
| SHAREHOLDERS' FUNDS | 44,908 | (17,788) | |||
Page 1
Page 2
Heat Engineer Software Ltd
Balance Sheet (continued)
As At
30 June 2023
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Heat Engineer Software Ltd
Notes to the Financial Statements
For The Year Ended
30 June 2023
Notes to the Financial Statements
1.
General Information
Heat Engineer Software Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
09637929
. The registered office is 3 Fairview Court, Fairview Road, Cheltenham, Gloucestershire, GL52 2EX.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 3)
4.
Tangible Assets
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| Additions |
|
| As at
|
|
| Depreciation | |
| As at
|
|
| Provided during the period |
|
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
Page 3
Page 4
Heat Engineer Software Ltd
Notes to the Financial Statements (continued)
For The Year Ended
30 June 2023
5.
Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Directors' loan accounts |
|
|
|
|
|
|
||
6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other taxes and social security |
|
|
|
| VAT |
|
|
|
| Net wages | - | 1,077 | |
| Accruals and deferred income |
|
|
|
| Directors' loan accounts |
|
|
|
|
|
|
||
7.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| Allotted, called up and fully paid | £ | £ | |
|
|
6 | 6 | |
|
|
2 | 2 | |
|
|
2 | 2 | |
|
|
2 | 2 | |
| 4 Ordinary E shares of £ 1.00 each | 4 | - | |
| 16 | 12 | ||
| Shares issued during the period: | £ |
|---|---|
| 4 Ordinary E shares of £ 1.00 each | 4 |
8.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
|
Amounts advanced | Amounts repaid | Amounts written off | As at
|
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Richard Cartwright |
|
|
|
- |
|
The above loan is unsecured, interest free and repayable on demand.
Page 4