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REGISTERED NUMBER: 11996232 (England and Wales)











































M & H Plumbing & Heating Engineers Ltd

Unaudited Financial Statements

for the Year Ended 31st May 2023






M & H Plumbing & Heating Engineers Ltd (Registered number: 11996232)






Contents of the Financial Statements
for the year ended 31st May 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


M & H Plumbing & Heating Engineers Ltd

Company Information
for the year ended 31st May 2023







Directors: M J Hodgson
A J Mclean





Registered office: 22 Sunnyside Mews
Tweedmouth
Berwick Upon Tweed
Northumberland
TD15 2QJ





Registered number: 11996232 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

M & H Plumbing & Heating Engineers Ltd (Registered number: 11996232)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 10,741 14,325

Current assets
Debtors 5 32,473 34,855
Cash at bank 32,951 17,274
65,424 52,129
Creditors
Amounts falling due within one year 6 31,596 24,003
Net current assets 33,828 28,126
Total assets less current liabilities 44,569 42,451

Provisions for liabilities 2,256 2,722
Net assets 42,313 39,729

Capital and reserves
Called up share capital 100 100
Retained earnings 42,213 39,629
Shareholders' funds 42,313 39,729

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

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

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 2nd October 2023 and were signed on its behalf by:




M J Hodgson - Director


M & H Plumbing & Heating Engineers Ltd (Registered number: 11996232)

Notes to the Financial Statements
for the year ended 31st May 2023

1. Statutory information

M & H Plumbing & Heating Engineers 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

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.


M & H Plumbing & Heating Engineers Ltd (Registered number: 11996232)

Notes to the Financial Statements - continued
for the year ended 31st May 2023

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Tangible fixed assets
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1st June 2022
and 31st May 2023 2,979 16,150 464 19,593
Depreciation
At 1st June 2022 1,158 3,771 339 5,268
Charge for year 364 3,095 125 3,584
At 31st May 2023 1,522 6,866 464 8,852
Net book value
At 31st May 2023 1,457 9,284 - 10,741
At 31st May 2022 1,821 12,379 125 14,325

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 25,343 27,510
Other debtors 7,130 7,345
32,473 34,855

M & H Plumbing & Heating Engineers Ltd (Registered number: 11996232)

Notes to the Financial Statements - continued
for the year ended 31st May 2023

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 8,013 6,477
Taxation and social security 17,958 11,478
Other creditors 5,625 6,048
31,596 24,003