Company registration number 12402646 (England and Wales)
TOMMY'S PLUMBING & HEATING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
TOMMY'S PLUMBING & HEATING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
Notes to the financial statements
3 - 6
TOMMY'S PLUMBING & HEATING LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,467
3,534
Current assets
Stocks
2,000
2,000
Debtors
4
4,270
3,157
Cash at bank and in hand
10,608
1,176
16,878
6,333
Creditors: amounts falling due within one year
5
(18,053)
(8,432)
Net current liabilities
(1,175)
(2,099)
Total assets less current liabilities
11,292
1,435
Creditors: amounts falling due after more than one year
6
(11,210)
(12,000)
Provisions for liabilities
(2,369)
(671)
Net liabilities
(2,287)
(11,236)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(2,289)
(11,238)
Total equity
(2,287)
(11,236)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TOMMY'S PLUMBING & HEATING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023
31 January 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 18 October 2023
Mr A Dudley
Director
Company registration number 12402646 (England and Wales)
TOMMY'S PLUMBING & HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Tommy's Plumbing & Heating Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Wessex Close, Mudeford, Christchurch, Dorset, BH23 4SS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

TOMMY'S PLUMBING & HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
TOMMY'S PLUMBING & HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 February 2022
5,662
-
0
5,662
Additions
-
0
10,708
10,708
At 31 January 2023
5,662
10,708
16,370
Depreciation and impairment
At 1 February 2022
2,128
-
0
2,128
Depreciation charged in the year
883
892
1,775
At 31 January 2023
3,011
892
3,903
Carrying amount
At 31 January 2023
2,651
9,816
12,467
At 31 January 2022
3,534
-
0
3,534
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
848
730
Other debtors
3,422
2,427
4,270
3,157
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
3,000
3,000
Trade creditors
9,742
1,258
Taxation and social security
3,045
2,650
Other creditors
2,266
1,524
18,053
8,432
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
11,210
12,000
TOMMY'S PLUMBING & HEATING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 6 -
7
Directors' transactions

The loan brought forward was interest free and was repaid on 28 October 2022.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan to director
-
1,800
17,827
(19,793)
(166)
1,800
17,827
(19,793)
(166)
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