Acorah Software Products - Accounts Production 10.3.003 false 1 September 2018 31 August 2019 31 August 2019 SC406320 Mr Graeme Hillier Mr Douglas Hunter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC406320 2018-08-31 SC406320 2019-08-31 SC406320 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 2018-09-01 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 2019-08-31 SC406320 frs-core:AfterOneYear 2018-09-01 2019-08-31 SC406320 frs-core:BetweenOneFiveYears 2018-09-01 2019-08-31 SC406320 frs-core:BetweenOneFiveYears 2019-08-31 SC406320 frs-core:ComputerEquipment 2019-08-31 SC406320 frs-core:ComputerEquipment 2018-09-01 2019-08-31 SC406320 frs-core:ComputerEquipment 2018-08-31 SC406320 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2019-08-31 SC406320 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2018-09-01 2019-08-31 SC406320 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2018-08-31 SC406320 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2019-08-31 SC406320 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2018-09-01 2019-08-31 SC406320 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2018-08-31 SC406320 frs-core:FurnitureFittings 2019-08-31 SC406320 frs-core:FurnitureFittings 2018-09-01 2019-08-31 SC406320 frs-core:FurnitureFittings 2018-08-31 SC406320 frs-core:NetGoodwill 2019-08-31 SC406320 frs-core:NetGoodwill 2018-09-01 2019-08-31 SC406320 frs-core:NetGoodwill 2018-08-31 SC406320 frs-core:InvestmentPropertyIncludedWithinPPE 2019-08-31 SC406320 frs-core:InvestmentPropertyIncludedWithinPPE 2018-09-01 2019-08-31 SC406320 frs-core:InvestmentPropertyIncludedWithinPPE 2018-08-31 SC406320 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2019-08-31 SC406320 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2018-09-01 2019-08-31 SC406320 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2018-08-31 SC406320 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2019-08-31 SC406320 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2018-09-01 2019-08-31 SC406320 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2018-08-31 SC406320 frs-core:MoreThanFiveYears 2018-09-01 2019-08-31 SC406320 frs-core:MoreThanFiveYears 2019-08-31 SC406320 frs-core:MotorVehicles 2019-08-31 SC406320 frs-core:MotorVehicles 2018-09-01 2019-08-31 SC406320 frs-core:MotorVehicles 2018-08-31 SC406320 frs-core:OtherResidualIntangibleAssets 2019-08-31 SC406320 frs-core:OtherResidualIntangibleAssets 2018-09-01 2019-08-31 SC406320 frs-core:OtherResidualIntangibleAssets 2018-08-31 SC406320 frs-core:PlantMachinery 2019-08-31 SC406320 frs-core:PlantMachinery 2018-09-01 2019-08-31 SC406320 frs-core:PlantMachinery 2018-08-31 SC406320 frs-core:Secured 2019-08-31 SC406320 frs-core:Unsecured 2019-08-31 SC406320 frs-core:WithinOneYear 2018-09-01 2019-08-31 SC406320 frs-core:WithinOneYear 2019-08-31 SC406320 frs-core:CapitalRedemptionReserve 2018-09-01 2019-08-31 SC406320 frs-core:CapitalRedemptionReserve 2018-08-31 SC406320 frs-core:CapitalRedemptionReserve 2019-08-31 SC406320 frs-core:OtherReservesSubtotal 2018-09-01 2019-08-31 SC406320 frs-core:OtherReservesSubtotal 2018-08-31 SC406320 frs-core:OtherReservesSubtotal 2019-08-31 SC406320 frs-core:RevaluationReserve 2018-09-01 2019-08-31 SC406320 frs-core:RevaluationReserve 2018-08-31 SC406320 frs-core:RevaluationReserve 2019-08-31 SC406320 frs-core:SharePremium 2018-09-01 2019-08-31 SC406320 frs-core:SharePremium 2018-08-31 SC406320 frs-core:SharePremium 2019-08-31 SC406320 frs-core:ShareCapital 2018-09-01 2019-08-31 SC406320 frs-core:ShareCapital 2018-08-31 SC406320 frs-core:ShareCapital 2019-08-31 SC406320 frs-core:RetainedEarningsAccumulatedLosses 2018-09-01 2019-08-31 SC406320 frs-core:RetainedEarningsAccumulatedLosses 2018-08-31 SC406320 frs-core:RetainedEarningsAccumulatedLosses 2019-08-31 SC406320 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2018-08-31 SC406320 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2019-08-31 SC406320 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2018-08-31 SC406320 frs-countries:Asia 2018-09-01 2019-08-31 SC406320 frs-countries:RestEuropeOutsideUK 2018-09-01 2019-08-31 SC406320 frs-countries:NorthAmerica 2018-09-01 2019-08-31 SC406320 frs-countries:RestWorldOutsideUK 2018-09-01 2019-08-31 SC406320 frs-countries:SouthAmerica 2018-09-01 2019-08-31 SC406320 frs-countries:UnitedKingdom 2018-09-01 2019-08-31 SC406320 frs-bus:HighestPaidDirector 2018-09-01 2019-08-31 SC406320 frs-bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31 SC406320 frs-bus:CompanyLimitedByGuarantee 2018-09-01 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2019-08-31 SC406320 frs-bus:OrdinaryShareClass3 2018-09-01 2019-08-31 SC406320 frs-bus:OrdinaryShareClass3 2018-08-31 SC406320 frs-bus:OrdinaryShareClass3 2019-08-31 SC406320 frs-bus:OrdinaryShareClass4 2018-09-01 2019-08-31 SC406320 frs-bus:OrdinaryShareClass4 2018-08-31 SC406320 frs-bus:OrdinaryShareClass4 2019-08-31 SC406320 frs-bus:OrdinaryShareClass5 2018-09-01 2019-08-31 SC406320 frs-bus:OrdinaryShareClass5 2018-08-31 SC406320 frs-bus:OrdinaryShareClass5 2019-08-31 SC406320 frs-bus:PreferenceShareClass1 2018-09-01 2019-08-31 SC406320 frs-bus:PreferenceShareClass1 2018-08-31 SC406320 frs-bus:PreferenceShareClass1 2019-08-31 SC406320 frs-bus:PreferenceShareClass2 2018-09-01 2019-08-31 SC406320 frs-bus:PreferenceShareClass2 2018-08-31 SC406320 frs-bus:PreferenceShareClass2 2019-08-31 SC406320 frs-bus:PreferenceShareClass3 2018-09-01 2019-08-31 SC406320 frs-bus:PreferenceShareClass3 2018-08-31 SC406320 frs-bus:PreferenceShareClass3 2019-08-31 SC406320 frs-bus:PreferenceShareClass4 2018-09-01 2019-08-31 SC406320 frs-bus:PreferenceShareClass4 2018-08-31 SC406320 frs-bus:PreferenceShareClass4 2019-08-31 SC406320 frs-bus:PreferenceShareClass5 2018-09-01 2019-08-31 SC406320 frs-bus:PreferenceShareClass5 2018-08-31 SC406320 frs-bus:PreferenceShareClass5 2019-08-31 SC406320 1 2018-09-01 2019-08-31 SC406320 frs-core:LeasedAssets 2018-09-01 2019-08-31 SC406320 frs-core:OwnedAssets 2018-09-01 2019-08-31 SC406320 frs-core:CurrencyRisk 2018-09-01 2019-08-31 SC406320 frs-core:MarketRisk 2018-09-01 2019-08-31 SC406320 frs-core:InterestRateRisk 2018-09-01 2019-08-31 SC406320 frs-core:DeferredTaxation 2018-09-01 2019-08-31 SC406320 frs-core:DeferredTaxation 2018-08-31 SC406320 frs-core:DeferredTaxation 2019-08-31 SC406320 frs-core:OtherProvisionsContingentLiabilities 2018-09-01 2019-08-31 SC406320 frs-core:OtherProvisionsContingentLiabilities 2018-08-31 SC406320 frs-core:OtherProvisionsContingentLiabilities 2019-08-31 SC406320 frs-core:ProvisionsDeferredTax 2019-08-31 SC406320 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2019-08-31 SC406320 dpl-frs:AdministrativeExpenses 2018-09-01 2019-08-31 SC406320 frs-bus:Director1 2018-09-01 2019-08-31 SC406320 frs-bus:Director1 2018-08-31 SC406320 frs-bus:Director1 2019-08-31 SC406320 frs-bus:Director2 2018-09-01 2019-08-31 SC406320 frs-bus:Director2 2018-08-31 SC406320 frs-bus:Director2 2019-08-31 SC406320 1 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 1 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 1 2019-08-31 SC406320 2 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 2 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 2 2019-08-31 SC406320 3 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 3 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 3 2019-08-31 SC406320 4 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 4 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 4 2019-08-31 SC406320 5 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 5 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 5 2019-08-31 SC406320 6 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 6 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 6 2019-08-31 SC406320 7 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 7 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 7 2019-08-31 SC406320 8 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 8 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 8 2019-08-31 SC406320 9 2018-09-01 2019-08-31 SC406320 frs-core:CurrentFinancialInstruments 9 2019-08-31 SC406320 frs-core:Non-currentFinancialInstruments 9 2019-08-31 SC406320 dpl-frs:Item1 2018-09-01 2019-08-31 SC406320 dpl-frs:Item1 2018-08-31 SC406320 dpl-frs:Item1 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item1 2018-09-01 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item1 2018-08-31 SC406320 dpl-frs:CostSales 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dpl-frs:Item3 2018-09-01 2019-08-31 SC406320 dpl-frs:Item4 2018-09-01 2019-08-31 SC406320 dpl-frs:Item4 2018-08-31 SC406320 dpl-frs:Item4 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item4 2018-09-01 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item4 2018-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item4 2019-08-31 SC406320 dpl-frs:DistributionCosts dpl-frs:Item4 2018-09-01 2019-08-31 SC406320 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2018-09-01 2019-08-31 SC406320 dpl-frs:Item5 2018-09-01 2019-08-31 SC406320 dpl-frs:Item5 2018-08-31 SC406320 dpl-frs:Item5 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item5 2018-09-01 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item5 2018-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item5 2019-08-31 SC406320 dpl-frs:DistributionCosts dpl-frs:Item5 2018-09-01 2019-08-31 SC406320 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2018-09-01 2019-08-31 SC406320 dpl-frs:Item6 2018-09-01 2019-08-31 SC406320 dpl-frs:Item6 2018-08-31 SC406320 dpl-frs:Item6 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item6 2018-09-01 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item6 2018-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item6 2019-08-31 SC406320 dpl-frs:DistributionCosts dpl-frs:Item6 2018-09-01 2019-08-31 SC406320 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2018-09-01 2019-08-31 SC406320 dpl-frs:Item7 2018-09-01 2019-08-31 SC406320 dpl-frs:Item7 2018-08-31 SC406320 dpl-frs:Item7 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item7 2018-09-01 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item7 2018-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item7 2019-08-31 SC406320 dpl-frs:DistributionCosts dpl-frs:Item7 2018-09-01 2019-08-31 SC406320 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2018-09-01 2019-08-31 SC406320 dpl-frs:Item8 2018-09-01 2019-08-31 SC406320 dpl-frs:Item8 2018-08-31 SC406320 dpl-frs:Item8 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item8 2018-09-01 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item8 2018-08-31 SC406320 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dpl-frs:AdministrativeExpenses dpl-frs:Item10 2018-09-01 2019-08-31 SC406320 dpl-frs:Item11 2018-09-01 2019-08-31 SC406320 dpl-frs:Item11 2018-08-31 SC406320 dpl-frs:Item11 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item11 2018-09-01 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item11 2018-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item11 2019-08-31 SC406320 dpl-frs:DistributionCosts dpl-frs:Item11 2018-09-01 2019-08-31 SC406320 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2018-09-01 2019-08-31 SC406320 dpl-frs:Item12 2018-09-01 2019-08-31 SC406320 dpl-frs:Item12 2018-08-31 SC406320 dpl-frs:Item12 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item12 2018-09-01 2019-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item12 2018-08-31 SC406320 dpl-frs:CostSales dpl-frs:Item12 2019-08-31 SC406320 dpl-frs:DistributionCosts dpl-frs:Item12 2018-09-01 2019-08-31 SC406320 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2018-09-01 2019-08-31 SC406320 1 2018-09-01 2019-08-31 SC406320 frs-countries:Scotland 2018-09-01 2019-08-31 SC406320 2017-08-31 SC406320 2018-08-31 SC406320 2017-09-01 2018-08-31 SC406320 frs-core:CurrentFinancialInstruments 2018-08-31 SC406320 frs-core:CurrentFinancialInstruments 2017-09-01 2018-08-31 SC406320 frs-core:Non-currentFinancialInstruments 2018-08-31 SC406320 frs-core:Non-currentFinancialInstruments 2017-09-01 2018-08-31 SC406320 frs-core:CurrentFinancialInstruments 2017-09-01 2018-08-31 SC406320 frs-core:CurrentFinancialInstruments 2018-08-31 SC406320 frs-core:AfterOneYear 2017-09-01 2018-08-31 SC406320 frs-core:BetweenOneFiveYears 2017-09-01 2018-08-31 SC406320 frs-core:BetweenOneFiveYears 2018-08-31 SC406320 frs-core:ComputerEquipment 2018-08-31 SC406320 frs-core:ComputerEquipment 2017-09-01 2018-08-31 SC406320 frs-core:ComputerEquipment 2017-08-31 SC406320 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2018-08-31 SC406320 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2017-09-01 2018-08-31 SC406320 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2017-08-31 SC406320 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2018-08-31 SC406320 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2017-09-01 2018-08-31 SC406320 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2017-08-31 SC406320 frs-core:FurnitureFittings 2018-08-31 SC406320 frs-core:FurnitureFittings 2017-09-01 2018-08-31 SC406320 frs-core:FurnitureFittings 2017-08-31 SC406320 frs-core:NetGoodwill 2018-08-31 SC406320 frs-core:NetGoodwill 2017-09-01 2018-08-31 SC406320 frs-core:NetGoodwill 2017-08-31 SC406320 frs-core:InvestmentPropertyIncludedWithinPPE 2018-08-31 SC406320 frs-core:InvestmentPropertyIncludedWithinPPE 2017-09-01 2018-08-31 SC406320 frs-core:InvestmentPropertyIncludedWithinPPE 2017-08-31 SC406320 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2018-08-31 SC406320 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2017-09-01 2018-08-31 SC406320 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Registered number: SC406320
Heatsafe Heating Limited
Financial Statements
For The Year Ended 31 August 2019
Donoghue & Co. Ltd

19a Wellside Place
Falkirk
FK1 5RL
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Balance Sheet
Registered number: SC406320
2019 2018
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,051 13,203
21,051 13,203
CURRENT ASSETS
Debtors 5 5,093 2,862
Cash at bank and in hand 4,213 3,568
9,306 6,430
Creditors: Amounts Falling Due Within One Year 6 (12,426 ) (10,199 )
NET CURRENT ASSETS (LIABILITIES) (3,120 ) (3,769 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,931 9,434
Creditors: Amounts Falling Due After More Than One Year 7 (17,893 ) (9,350 )
NET ASSETS 38 84
Profit and Loss Account 38 84
SHAREHOLDERS' FUNDS 38 84
Page 1
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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.
On behalf of the board
Mr Douglas Hunter
9th October 2019

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 3
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2018 15,086 12,935 28,021
Additions - 13,290 13,290
As at 31 August 2019 15,086 26,225 41,311
Depreciation
As at 1 September 2018 12,231 2,587 14,818
Provided during the period 714 4,728 5,442
As at 31 August 2019 12,945 7,315 20,260
Net Book Value
As at 31 August 2019 2,141 18,910 21,051
As at 1 September 2018 2,855 10,348 13,203
Page 4
5. Debtors
2019 2018
£ £
Due within one year
Trade debtors - 2,700
Other debtors 5,000 -
Other taxes and social security 93 162
5,093 2,862
6. Creditors: Amounts Falling Due Within One Year
2019 2018
£ £
Net obligations under finance lease and hire purchase contracts 5,290 2,587
Corporation tax 3,578 4,414
VAT 3,558 3,198
12,426 10,199
7. Creditors: Amounts Falling Due After More Than One Year
2019 2018
£ £
Net obligations under finance lease and hire purchase contracts 15,027 9,055
Trade creditors 2,866 295
17,893 9,350
8. Obligations Under Finance Leases and Hire Purchase
2019 2018
£ £
The maturity of these amounts is as follows:
Amounts Payable:
Within one year 5,290 2,587
Between one and five years 15,027 9,055
20,317 11,642
20,317 11,642
Page 5
9. Dividends
2019 2018
£ £
On equity shares:
Interim dividend paid 23,147 19,755
23,147 19,755
10. General Information
Heatsafe Heating Limited is a private company, limited by shares, incorporated in Scotland, registered number SC406320. The registered office is Top Floor, Office 1 Canalbank Estate, Seabegs Road, Bonnybridge, FK4 2BP.
Page 6