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REGISTERED NUMBER: 11779800 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

M. PHILLIPS HEATING & PLUMBING LTD

M. PHILLIPS HEATING & PLUMBING LTD (Registered number: 11779800)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


M. PHILLIPS HEATING & PLUMBING LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M PHILLIPS





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 11779800 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

M. PHILLIPS HEATING & PLUMBING LTD (Registered number: 11779800)

Report of the Director
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

DIRECTOR
M PHILLIPS held office during the whole of the period from 1 April 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M PHILLIPS - Director


1 October 2023

M. PHILLIPS HEATING & PLUMBING LTD (Registered number: 11779800)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2023

31/3/23 31/3/22
Notes £    £   

TURNOVER 65,720 58,460

Cost of sales 51,379 34,294
GROSS PROFIT 14,341 24,166

Administrative expenses 12,905 12,244
OPERATING PROFIT 1,436 11,922

Interest receivable and similar income 4 5
1,440 11,927

Interest payable and similar expenses 557 11
PROFIT BEFORE TAXATION 883 11,916

Tax on profit 168 259
PROFIT FOR THE FINANCIAL YEAR 715 11,657

Retained earnings at beginning of year (7,437 ) (10,094 )

Dividends 4 - (9,000 )

RETAINED EARNINGS AT END OF YEAR (6,722 ) (7,437 )

M. PHILLIPS HEATING & PLUMBING LTD (Registered number: 11779800)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 9,120 6,457

CREDITORS
Amounts falling due within one year 5 6,341 1,671
NET CURRENT ASSETS 2,779 4,786
TOTAL ASSETS LESS CURRENT LIABILITIES 2,779 4,786

CREDITORS
Amounts falling due after more than one year 6 9,500 12,222
NET LIABILITIES (6,721 ) (7,436 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,722 ) (7,437 )
SHAREHOLDERS' FUNDS (6,721 ) (7,436 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1 October 2023 and were signed by:





M PHILLIPS - Director


M. PHILLIPS HEATING & PLUMBING LTD (Registered number: 11779800)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

M. PHILLIPS HEATING & PLUMBING 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DIVIDENDS
31/3/23 31/3/22
£    £   
ORDINARY share of 1.00
Final - 9,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 4 5
Tax 168 259
Directors' current accounts 5,269 447
Accrued expenses 900 960
6,341 1,671

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bounce Back Loan 9,500 12,222