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REGISTERED NUMBER: 07642196 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Bourne to Plumb Ltd

Bourne to Plumb Ltd (Registered number: 07642196)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bourne to Plumb Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: M D Bourne
D C J Atkins
A R Ludlow



REGISTERED OFFICE: 197A Barnwood Road
Gloucester
Gloucestershire
GL4 3HW



REGISTERED NUMBER: 07642196 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
19 Eastgate Street
Gloucester
Gloucestershire
GL1 1NU

Bourne to Plumb Ltd (Registered number: 07642196)

Statement of Financial Position
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,167 21,556
Tangible assets 5 11,823 15,855
27,990 37,411

CURRENT ASSETS
Debtors 6 8,891 4,217
Cash at bank 203,575 193,890
212,466 198,107
CREDITORS
Amounts falling due within one year 7 154,931 152,944
NET CURRENT ASSETS 57,535 45,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,525

82,574

PROVISIONS FOR LIABILITIES 2,956 3,012
NET ASSETS 82,569 79,562

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,469 79,462
SHAREHOLDERS' FUNDS 82,569 79,562

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

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

The directors acknowledge their 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.

Bourne to Plumb Ltd (Registered number: 07642196)

Statement of Financial Position - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





M D Bourne - Director


Bourne to Plumb Ltd (Registered number: 07642196)

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


1. STATUTORY INFORMATION

Bourne to Plumb 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised over its remaining useful life of 4 years.

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 - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Bourne to Plumb Ltd (Registered number: 07642196)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 June 2022
and 31 May 2023 80,000
Amortisation
At 1 June 2022 58,444
Charge for year 5,389
At 31 May 2023 63,833
Net book value
At 31 May 2023 16,167
At 31 May 2022 21,556

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 June 2022 28,195 1,521 29,716
Additions 233 - 233
At 31 May 2023 28,428 1,521 29,949
Depreciation
At 1 June 2022 13,003 858 13,861
Charge for year 3,856 409 4,265
At 31 May 2023 16,859 1,267 18,126
Net book value
At 31 May 2023 11,569 254 11,823
At 31 May 2022 15,192 663 15,855

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 7,817 2,951
Other debtors 1,074 1,266
8,891 4,217

Bourne to Plumb Ltd (Registered number: 07642196)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade creditors 12,228 11,564
Amounts owed to group undertakings 54,001 47,174
Taxation and social security 43,271 44,663
Other creditors 45,431 49,543
154,931 152,944

8. RELATED PARTY DISCLOSURES

M D Bourne
Director

At 31 May 2023, the company owed the director £2,835 (2022 - £1,903). The loan balance is interest free and has no fixed repayment date.

D C J Atkins
Director

At 31 May 2023, the company owed the director £20,454 (2022 - £23,067). The loan balance is interest free and has no fixed repayment date.

A R Ludlow
Director

At 31 May 2023, the company owed the director £20,535 (2022 - £23,148). The loan balance is interest free and has no fixed repayment date.

M Bourne Holdings Ltd
Parent company

A loan exists between the company and its parent company M Bourne Holdings Ltd. At 31 May 2023, the company owed M Bourne Holdings Ltd £54,001 (2022 - £47,174). The loan is interest free with no fixed repayment terms.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Bourne Holdings Ltd.

The company is controlled by M Bourne Holdings Ltd, a company controlled by the Director M D Bourne. M Bourne Holdings Ltd, which shares the same registered office as Bourne to Plumb Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.