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Company Registration No. 4864600 (England and Wales)
Watkins Plumbing & Heating Ltd Unaudited accounts for the year ended 31 March 2023
Watkins Plumbing & Heating Ltd Unaudited accounts Contents
Page
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Watkins Plumbing & Heating Ltd Company Information for the year ended 31 March 2023
Director
R Watkins
Company Number
4864600 (England and Wales)
Registered Office
1 THE OLD VICARAGE STITHIANS TRURO TR3 7FD ENGLAND
Accountants
Kate Brown The Annexe, Rectory Farm Cranford Road Great Addington, Kettering Northants NN14 4BQ
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Watkins Plumbing & Heating Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,472 
8,209 
Current assets
Inventories
250 
250 
Debtors
3,676 
5,458 
Cash at bank and in hand
9,566 
10,854 
13,492 
16,562 
Creditors: amounts falling due within one year
2,548 
(2,809)
Net current assets
16,040 
13,753 
Net assets
21,512 
21,962 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,412 
21,862 
Shareholders' funds
21,512 
21,962 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2023 and were signed on its behalf by
R Watkins Director Company Registration No. 4864600
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Watkins Plumbing & Heating Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Watkins Plumbing & Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 4864600. The registered office is 1 THE OLD VICARAGE, STITHIANS, TRURO, TR3 7FD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Watkins Plumbing & Heating Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
18,745 
970 
19,715 
At 31 March 2023
18,745 
970 
19,715 
Depreciation
At 1 April 2022
10,536 
970 
11,506 
Charge for the year
2,737 
- 
2,737 
At 31 March 2023
13,273 
970 
14,243 
Net book value
At 31 March 2023
5,472 
- 
5,472 
At 31 March 2022
8,209 
- 
8,209 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,277 
1,139 
Other debtors
399 
4,319 
3,676 
5,458 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
(5,398)
(656)
Loans from directors
2,430 
3,055 
Accruals
420 
410 
(2,548)
2,809 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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