Company Registration No. 05780148 (England and Wales)
Tom Spellman Plumbing & Heating Engineers Limited
Unaudited
Financial Statements
for the year ended 31 March 2023
PAGES FOR FILING WITH REGISTRAR
Tom Spellman Plumbing & Heating Engineers Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Tom Spellman Plumbing & Heating Engineers Limited
Statement of financial position
as at 31 March 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
40,000
40,000
Tangible assets
4
7,692
8,709
47,692
48,709
Current assets
Stocks
10,850
11,664
Debtors
71,522
72,552
82,372
84,216
Creditors: amounts falling due within one year
(89,916)
(80,270)
Net current (liabilities)/assets
(7,544)
3,946
Total assets less current liabilities
40,148
52,655
Creditors: amounts falling due after more than one year
(39,605)
(49,856)
Net assets
543
2,799
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
443
2,699
Total equity
543
2,799

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Tom Spellman Plumbing & Heating Engineers Limited
Statement of financial position (continued)
as at 31 March 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 2 October 2023 and are signed on its behalf by:
T M Spellman
Director
Company Registration No. 05780148
Tom Spellman Plumbing & Heating Engineers Limited
Notes to the financial statements
for the year ended 31 March 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on provisions of goods and services.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
10% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Government grants

Government grants relate to Coronavirus Job Retention Scheme (CJRS) funding of staff who have been furloughed due to Covid-19. These revenue-based grants are recognised over the same period in which the related costs are incurred.

Tom Spellman Plumbing & Heating Engineers Limited
Notes to the financial statements (continued)
for the year ended 31 March 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
4
3
Intangible fixed assets
Total
£
Cost
At 1 April 2022 and 31 March 2023
40,000
Amortisation and impairment
At 1 April 2022 and 31 March 2023
-
0
Carrying amount
At 31 March 2023
40,000
At 31 March 2022
40,000
4
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
9,192
10,793
19,985
Depreciation and impairment
At 1 April 2022
6,271
5,005
11,276
Depreciation charged in the year
438
579
1,017
At 31 March 2023
6,709
5,584
12,293
Carrying amount
At 31 March 2023
2,483
5,209
7,692
At 31 March 2022
2,921
5,788
8,709
5
Company information

Tom Spellman Plumbing & Heating Engineers Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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