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REGISTERED NUMBER: 01858164 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

ABL Heating and Plumbing Supplies
Limited

ABL Heating and Plumbing Supplies
Limited (Registered number: 01858164)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ABL Heating and Plumbing Supplies
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A Lavery





REGISTERED OFFICE: 14 Oakley Road
Camberley
Surrey
GU15 3AT





REGISTERED NUMBER: 01858164 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

ABL Heating and Plumbing Supplies
Limited (Registered number: 01858164)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 612 900

CURRENT ASSETS
Inventories 34,194 44,974
Debtors 6 55,487 60,567
Cash at bank 246,219 306,722
335,900 412,263
CREDITORS
Amounts falling due within one year 7 (158,809 ) (218,791 )
NET CURRENT ASSETS 177,091 193,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,703

194,372

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 177,603 194,272
SHAREHOLDERS' FUNDS 177,703 194,372

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 September 2023 and were signed by:




A Lavery - Director


ABL Heating and Plumbing Supplies
Limited (Registered number: 01858164)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

ABL Heating and Plumbing Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ABL Heating and Plumbing Supplies
Limited (Registered number: 01858164)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2022
and 31 March 2023 44,271 12,171 44,078 100,520
Depreciation
At 1 April 2022 43,619 11,923 44,078 99,620
Charge for year 40 248 - 288
At 31 March 2023 43,659 12,171 44,078 99,908
Net book value
At 31 March 2023 612 - - 612
At 31 March 2022 652 248 - 900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 52,630 57,935
Other debtors 2,857 2,632
55,487 60,567

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 80,753 145,523
Taxation and social security 22,569 20,759
Other creditors 55,487 52,509
158,809 218,791

ABL Heating and Plumbing Supplies
Limited (Registered number: 01858164)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/23 31/3/22
£    £   
Within one year 2,136 1,912
Between one and five years 5,519 5,736
In more than five years - 1,115
7,655 8,763