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REGISTERED NUMBER: 12418666 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

M I Plumbing and Heating South East Ltd

M I Plumbing and Heating South East Ltd (Registered number: 12418666)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M I Plumbing and Heating South East Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: M I Mayo





REGISTERED OFFICE: 147 Newington Road
Ramsgate
Kent
CT12 6PZ





REGISTERED NUMBER: 12418666 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

M I Plumbing and Heating South East Ltd (Registered number: 12418666)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,956 -

CURRENT ASSETS
Debtors 5 39,408 23,160
Cash at bank 11,901 2,482
51,309 25,642
CREDITORS
Amounts falling due within one year 6 84,129 37,242
NET CURRENT LIABILITIES (32,820 ) (11,600 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,864

)

(11,600

)

CREDITORS
Amounts falling due after more than one
year

7

20,576

11,645
NET LIABILITIES (34,440 ) (23,245 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (34,540 ) (23,345 )
(34,440 ) (23,245 )

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

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

M I Plumbing and Heating South East Ltd (Registered number: 12418666)

Balance Sheet - continued
31 January 2023


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 18 October 2023 and were signed by:





M I Mayo - Director


M I Plumbing and Heating South East Ltd (Registered number: 12418666)

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

1. STATUTORY INFORMATION

M I Plumbing and Heating South East 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 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.
Plant and machinery etc - 25% on cost

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company's day to day working capital is met through a loan account with the director. The director has given his undertaking not to draw down on the loan to the detriment of the company and the director therefore considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

M I Plumbing and Heating South East Ltd (Registered number: 12418666)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 25,275
At 31 January 2023 25,275
DEPRECIATION
Charge for year 6,319
At 31 January 2023 6,319
NET BOOK VALUE
At 31 January 2023 18,956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,065 4,034
Other debtors 37,343 19,126
39,408 23,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,644 1,588
Trade creditors 20,325 11,600
Other creditors 52,160 24,054
84,129 37,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 11,645
Hire purchase contracts 20,576 -
20,576 11,645

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,292