Company Registration No. SC208281 (Scotland)
A Tech Heating Limited
Unaudited Abbreviated Accounts
for the year ended 31 July 2020
A Tech Heating Limited
Unaudited Abbreviated Accounts
Contents
A Tech Heating Limited
Company Information
for the year ended 31 July 2020
Directors
Alan Wallace
Norma Wallace
Company Number
SC208281 (Scotland)
Registered Office
26 Deerdykes View
Westfield Industrial Estate
Cumbernauld
Glasgow
G68 9HN
Accountants
Taxman Solutions
42 Hayston Road
Cumbernauld
Glasgow
G68 0BS
A Tech Heating Limited
Accountants' report
Accountants' report to the board of directors of A Tech Heating Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
A Tech Heating Limited for the year ended
31 July 2020 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of A Tech Heating Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of A Tech Heating Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Tech Heating Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A Tech Heating Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A Tech Heating Limited. You consider that A Tech Heating Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A Tech Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxman Solutions
42 Hayston Road
Cumbernauld
Glasgow
G68 0BS
28 August 2020
A Tech Heating Limited
Statement of financial position
as at
31 July 2020
Tangible assets
5,117
8,133
Inventories
56,775
29,225
Cash at bank and in hand
44,389
37,732
Creditors: amounts falling due within one year
(53,619)
(84,182)
Net current assets
60,323
11,022
Total assets less current liabilities
65,440
19,155
Creditors: amounts falling due after more than one year
(29,500)
-
Called up share capital
100
100
Profit and loss account
35,840
19,055
Shareholders' funds
35,940
19,155
For the year ending 31 July 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2020 and were signed on its behalf by
Alan Wallace
Director
Company Registration No. SC208281
A Tech Heating Limited
Notes to the Accounts
for the year ended 31 July 2020
A Tech Heating Limited is a private company, limited by shares, registered in Scotland, registration number SC208281. The registered office is 26 Deerdykes View, Westfield Industrial Estate, Cumbernauld, Glasgow, G68 9HN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years
Plant & machinery
4 years
Fixtures & fittings
5 years
A Tech Heating Limited
Notes to the Accounts
for the year ended 31 July 2020
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2019
733
28,263
29,028
4,667
62,691
Disposals
-
-
(9,574)
-
(9,574)
At 31 July 2020
733
28,263
19,454
4,667
53,117
At 1 August 2019
657
27,208
22,968
3,725
54,558
Charge for the year
76
342
1,274
361
2,053
On disposals
-
-
(8,611)
-
(8,611)
At 31 July 2020
733
27,550
15,631
4,086
48,000
At 31 July 2020
-
713
3,823
581
5,117
At 31 July 2019
76
1,055
6,060
942
8,133
Raw materials
7,469
7,469
Work in progress
49,306
21,756
Trade debtors
6,951
24,146
Accrued income and prepayments
1,692
3,425
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
500
-
Trade creditors
27,934
15,360
Taxes and social security
6,544
8,401
Loans from directors
15,011
42,911
8
Creditors: amounts falling due after more than one year
2020
2019
A Tech Heating Limited
Notes to the Accounts
for the year ended 31 July 2020
9
Average number of employees
During the year the average number of employees was 6 (2019: 7).