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REGISTERED NUMBER: 11787691 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

FOSSIL HEATING AND PLUMBING SERVICES LTD

FOSSIL HEATING AND PLUMBING SERVICES LTD (REGISTERED NUMBER: 11787691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOSSIL HEATING AND PLUMBING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: C P Woodhouse
A Woodhouse





REGISTERED OFFICE: 34 Falsgrave Road
Scarborough
North Yorkshire
YO12 5AT





REGISTERED NUMBER: 11787691 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

FOSSIL HEATING AND PLUMBING SERVICES LTD (REGISTERED NUMBER: 11787691)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,042 8,216
Tangible assets 5 85,104 44,248
Investments 6 51 51
92,197 52,515

CURRENT ASSETS
Stocks 26,058 25,800
Debtors 7 25,446 19,485
Cash at bank 2,030 4,421
53,534 49,706
CREDITORS
Amounts falling due within one year 8 63,445 62,030
NET CURRENT LIABILITIES (9,911 ) (12,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,286

40,191

CREDITORS
Amounts falling due after more than one
year

9

(67,126

)

(22,384

)

PROVISIONS FOR LIABILITIES (6,777 ) (8,407 )
NET ASSETS 8,383 9,400

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 8,283 9,300
SHAREHOLDERS' FUNDS 8,383 9,400

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

FOSSIL HEATING AND PLUMBING SERVICES LTD (REGISTERED NUMBER: 11787691)

BALANCE SHEET - continued
31 JANUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by:




C P Woodhouse - Director



A Woodhouse - Director


FOSSIL HEATING AND PLUMBING SERVICES LTD (REGISTERED NUMBER: 11787691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Fossil Heating and Plumbing Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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 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.

FOSSIL HEATING AND PLUMBING SERVICES LTD (REGISTERED NUMBER: 11787691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 11,738
AMORTISATION
At 1 February 2022 3,522
Charge for year 1,174
At 31 January 2023 4,696
NET BOOK VALUE
At 31 January 2023 7,042
At 31 January 2022 8,216

FOSSIL HEATING AND PLUMBING SERVICES LTD (REGISTERED NUMBER: 11787691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 56,086
Additions 69,224
At 31 January 2023 125,310
DEPRECIATION
At 1 February 2022 11,838
Charge for year 28,368
At 31 January 2023 40,206
NET BOOK VALUE
At 31 January 2023 85,104
At 31 January 2022 44,248

The net book value of tangible fixed assets includes £ 45,217 in respect of assets held under hire purchase contracts.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022
and 31 January 2023 51
NET BOOK VALUE
At 31 January 2023 51
At 31 January 2022 51

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 17,635 8,334
Amounts owed by group undertakings 7,420 4,949
Other debtors 391 6,202
25,446 19,485

FOSSIL HEATING AND PLUMBING SERVICES LTD (REGISTERED NUMBER: 11787691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 3,308 3,230
Hire purchase contracts 4,348 -
Trade creditors - 2,853
Taxation and social security 5,914 4,635
Other creditors 49,875 51,312
63,445 62,030

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 19,075 22,384
Hire purchase contracts 48,051 -
67,126 22,384

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,070 8,688

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100