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REGISTERED NUMBER: 02122905 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

HUYTON PLUMBING AND HEATING LIMITED

HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUYTON PLUMBING AND HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: P A Crosby
D M Eaton
J A Eaton





REGISTERED OFFICE: 32-34 Westgate
Skelmersdale
Lancashire
WN8 8AZ





REGISTERED NUMBER: 02122905 (England and Wales)





ACCOUNTANTS: Malthouse & Company Chartered Accountants
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD

HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 335,602 331,169
Investment property 5 26,519 26,519
362,121 357,688

CURRENT ASSETS
Stocks 337,668 340,154
Debtors 6 1,032,249 1,030,099
1,369,917 1,370,253
CREDITORS
Amounts falling due within one year 7 1,078,826 995,582
NET CURRENT ASSETS 291,091 374,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,212

732,359

CREDITORS
Amounts falling due after more than one
year

8

(80,238

)

(48,244

)

PROVISIONS FOR LIABILITIES (38,948 ) (27,726 )
NET ASSETS 534,026 656,389

HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

BALANCE SHEET - continued
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 534,024 656,387
SHAREHOLDERS' FUNDS 534,026 656,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2023 and were signed on its behalf by:





D M Eaton - Director


HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Huyton Plumbing and Heating 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
Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognized:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
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 18 (2022 - 19 ) .

HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 246,844 395,618 642,462
Additions - 75,650 75,650
Disposals - (42,621 ) (42,621 )
At 30 April 2023 246,844 428,647 675,491
DEPRECIATION
At 1 May 2022 69,938 241,355 311,293
Charge for year 4,937 54,225 59,162
Eliminated on disposal - (30,566 ) (30,566 )
At 30 April 2023 74,875 265,014 339,889
NET BOOK VALUE
At 30 April 2023 171,969 163,633 335,602
At 30 April 2022 176,906 154,263 331,169

HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022 200,238
Additions 57,650
Transfer to ownership (90,768 )
At 30 April 2023 167,120
DEPRECIATION
At 1 May 2022 75,424
Charge for year 40,742
Transfer to ownership (53,270 )
At 30 April 2023 62,896
NET BOOK VALUE
At 30 April 2023 104,224
At 30 April 2022 124,814

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 26,519
NET BOOK VALUE
At 30 April 2023 26,519
At 30 April 2022 26,519

The valuations were made by the directors, on an open market value for existing use basis.

HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 321,161 333,468
Other debtors 711,088 696,631
1,032,249 1,030,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 157,447 92,691
Hire purchase contracts 43,269 49,779
Trade creditors 191,232 158,577
Taxation and social security 255,776 223,497
Other creditors 431,102 471,038
1,078,826 995,582

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 30,060 -
Hire purchase contracts 50,178 48,244
80,238 48,244

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank overdrafts 147,427 42,691
Bank loans 40,080 50,000
Hire purchase contracts 93,447 98,023
280,954 190,714

Bank loans and overdrafts are secured by a fixed and floating charge over the Company's assets. Hire purchase liabilities are secured on the relevant assets.

HUYTON PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 02122905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary £1 2 2

11. RELATED PARTY DISCLOSURES

Huyton Plumbing Investments Limited is the parent company. At the balance sheet date the company was owed £671,729 (2022: £670,829) by Huyton Plumbing Investments Limited.

B.D.M. Northwest Limited is a fellow subsidiary company. At the balance sheet date the company owed B.D.M. Northwest Limited £386,057 (2022: £407,924).

Central Plumbing and Heating Supplies Limited is a fellow subsidiary company. At the balance sheet date the company owed Central Plumbing and Heating Supplies Limited £31,071 (2022: £31,071).

12. ULTIMATE CONTROLLING PARTY

The Company was under the control of the Directors for the period under review.