Registered number
11204723
Plumbcare Solutions Ltd
Unaudited Filleted Accounts
28 February 2023
Plumbcare Solutions Ltd
Registered number: 11204723
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 2,300
Current assets
Debtors 4 18,877 7,979
Investments held as current assets 5 4,078 4,078
Cash at bank and in hand 9,359 10,707
32,314 22,764
Creditors: amounts falling due within one year 6 (21,121) (15,957)
Net current assets 11,193 6,807
Total assets less current liabilities 11,193 9,107
Creditors: amounts falling due after more than one year 7 (9,068) (13,033)
Net assets/(liabilities) 2,125 (3,926)
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,025 (4,026)
Shareholder's funds 2,125 (3,926)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Meaney
P Meaney
Director
Approved by the board on 12 October 2023
Plumbcare Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 11,500
At 28 February 2023 11,500
Amortisation
At 1 March 2022 9,200
Provided during the year 2,300
At 28 February 2023 11,500
Net book value
At 28 February 2023 -
At 28 February 2022 2,300
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2023 2022
£ £
Trade debtors 7,627 4,254
Other debtors 11,250 3,725
18,877 7,979
5 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 4,078 4,078
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,984 4,003
Trade creditors 8,748 2,286
Taxation and social security costs 8,389 9,668
21,121 15,957
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 9,068 13,033
8 Other information
Plumbcare Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Southfields Road
Dunstable
Bedfordshire
LU6 3EJ
The Company is controlled by P Meaney
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