MODERN HEATING & COOLING LTD Financials
- Company number
- 07797131CopyCopy
- Registered office
- Unit 7 Rockhaven Triangle Park, Triangle Way, Gloucester GL1 1AJ
- Incorporated
- 04/10/2011
Company snapshot
- Status
- Active
- Employees
- 10 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-15.17%vs 20232023: £76.81K
Total Assets
1.03%vs 20232023: £383.18K
Cash in Bank
-54.08%vs 20222022: £39.99K
Total Liabilities
36.68%vs 20232023: £235.57K
Employees
0vs 20232023: 10
In 2024, MODERN HEATING & COOLING LTD reported net assets of £65.16K. The same filing shows total assets of £387.13K, cash in bank of £18.36K and total liabilities of £321.97K. Reported headcount was 10 in 2024. Total Liabilities rose from £235.57K in 2023 to £321.97K in 2024 (36.68%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-15.17%from £76.81K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures MODERN HEATING & COOLING LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-18.9%vs 2022-9.9% a year compound (CAGR)
Total Assets
+0.4%vs 2022+0.2% a year compound (CAGR)
Total Liabilities
+24.7%vs 2022+11.7% a year compound (CAGR)
Employees
+25%vs 2022+2Biggest increase
Employees+25%
8 in 2022 to 10 in 2024
Biggest decrease
Net Assets-18.9%
£80.33K in 2022 to £65.16K in 2024
MODERN HEATING & COOLING LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MODERN HEATING & COOLING LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 16.83%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 83.17%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 7.80%2023
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 4.79%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MODERN HEATING & COOLING LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 49.73K | 80.33K | 76.81K | 65.16K |
| Total Assets£ | 286.16K | 385.44K | 383.18K | 387.13K |
| Cash in Bank£ | – | 39.99K | 18.36K | – |
| Total Liabilities£ | 236.43K | 258.24K | 235.57K | 321.97K |
| Employees | 8 | 8 | 10 | 10 |
MODERN HEATING & COOLING LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MODERN HEATING & COOLING LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
MODERN HEATING & COOLING LTD reported net assets of £65.16K for 2024. That compares with £76.81K in 2023, a change of -15.17%.
MODERN HEATING & COOLING LTD reported total assets of £387.13K for 2024. That compares with £383.18K in 2023, a change of 1.03%.
MODERN HEATING & COOLING LTD reported cash in bank of £18.36K for 2023. That compares with £39.99K in 2022, a change of -54.08%.
MODERN HEATING & COOLING LTD reported 10 employees in 2024, compared with 10 in 2023.
Between 2022 and 2024, MODERN HEATING & COOLING LTD's net assets fell by 18.9%, total assets rose by 0.4%, total liabilities rose by 24.7% and employee numbers rose by 25%. Net assets contracted at 9.9% a year across the two years to 2024, from £80.33K to £65.16K. Reported headcount went from 8 in 2022 to 10 in 2024 (+2).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.