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REGISTERED NUMBER: 11247214 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

INFUSION PLUMBING AND HEATING LTD

INFUSION PLUMBING AND HEATING LTD (REGISTERED NUMBER: 11247214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INFUSION PLUMBING AND HEATING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: A J Smith
A L Smith





REGISTERED OFFICE: 12 Victoria Road
Barnsley
S70 2BB





REGISTERED NUMBER: 11247214 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

INFUSION PLUMBING AND HEATING LTD (REGISTERED NUMBER: 11247214)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,510 9,334

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 2,828 772
Cash at bank 16,561 24,669
20,389 26,441
CREDITORS
Amounts falling due within one year 6 8,340 17,470
NET CURRENT ASSETS 12,049 8,971
TOTAL ASSETS LESS CURRENT LIABILITIES 21,559 18,305

PROVISIONS FOR LIABILITIES 1,807 1,774
NET ASSETS 19,752 16,531

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,750 16,529
SHAREHOLDERS' FUNDS 19,752 16,531

INFUSION PLUMBING AND HEATING LTD (REGISTERED NUMBER: 11247214)

BALANCE SHEET - continued
31 MARCH 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





A L Smith - Director


INFUSION PLUMBING AND HEATING LTD (REGISTERED NUMBER: 11247214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Infusion Plumbing and Heating Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The previous reporting period was a long period covering 10.03.18 to 31.03.19 being the first year of trade. Due to this fact the comparitive figures are not entirely comparable.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of plumbing services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on completion of a job.

INFUSION PLUMBING AND HEATING LTD (REGISTERED NUMBER: 11247214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 10% reducing balance
Computer equipment - 33% straight line
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INFUSION PLUMBING AND HEATING LTD (REGISTERED NUMBER: 11247214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2021 10,398 1,852 12,250
Additions 1,755 - 1,755
At 31 March 2022 12,153 1,852 14,005
DEPRECIATION
At 1 April 2021 2,323 593 2,916
Charge for year 968 611 1,579
At 31 March 2022 3,291 1,204 4,495
NET BOOK VALUE
At 31 March 2022 8,862 648 9,510
At 31 March 2021 8,075 1,259 9,334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 2,263 130
Prepayments and accrued income 565 642
2,828 772

INFUSION PLUMBING AND HEATING LTD (REGISTERED NUMBER: 11247214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 747 2,789
Corporation tax 5,196 1,421
VAT 79 -
Directors' current accounts 1,203 1,988
Accruals and deferred income 1,115 1,272
8,340 17,470

7. FINANCIAL COMMITMENTS

The total financial commitments which are not included in the balance sheet amount to £18,159 (2021 - £21,259).