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REGISTERED NUMBER: 09277116 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

PS PLUMBING (IOW) LIMITED

PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

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


PS PLUMBING (IOW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Miss M Knight





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 09277116 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 33,960 7,551

CURRENT ASSETS
Debtors 5 2,992 21,226
Cash at bank 155 570
3,147 21,796
CREDITORS
Amounts falling due within one year 6 21,591 11,911
NET CURRENT (LIABILITIES)/ASSETS (18,444 ) 9,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,516

17,436

CREDITORS
Amounts falling due after more than one
year

7

13,333

17,333
NET ASSETS 2,183 103

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,083 3
SHAREHOLDERS' FUNDS 2,183 103

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 director acknowledges her 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.

PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

BALANCE SHEET - continued
31 MARCH 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2022 and were signed by:





Miss M Knight - Director


PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

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


1. STATUTORY INFORMATION

PS Plumbing (IOW) Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 April 2021 2,994 8,574 4,719 16,287
Additions 5,170 30,500 1,325 36,995
Disposals - (8,000 ) - (8,000 )
At 31 March 2022 8,164 31,074 6,044 45,282
DEPRECIATION
At 1 April 2021 1,238 6,018 1,480 8,736
Charge for year 1,385 6,192 912 8,489
Eliminated on disposal - (5,903 ) - (5,903 )
At 31 March 2022 2,623 6,307 2,392 11,322
NET BOOK VALUE
At 31 March 2022 5,541 24,767 3,652 33,960
At 31 March 2021 1,756 2,556 3,239 7,551

PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors - 1,494
Social security and other tax 2,115 1,351
Other debtors - 17,680
Prepayments 877 701
2,992 21,226

Other debtors consisted of an amount owed by Mr P E Sprake, an employee and the former director of the company.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 4,000 2,667
Corporation tax 6,654 917
Social security and other taxes 74 73
VAT 3,722 5,098
Other creditors 12 -
Credit card 4,106 1,614
Accrued expenses 3,023 1,542
21,591 11,911

Other creditors consists of an amount owed to Mr P E Sprake, an employee and the former director of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£ £
Bank loans - 2-5 years 13,333 16,000
Bank loans - over 5 years - 1,333
13,333 17,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years - 1,333

PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
25 Ordinary A £1 25 25
75 Ordinary B £1 75 75
100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P E Sprake by virtue of his majority share holdings.