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REGISTERED NUMBER: 11142269 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

PVS PLUMBING AND HEATING SERVICES LTD

PVS PLUMBING AND HEATING SERVICES LTD (REGISTERED NUMBER: 11142269)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PVS PLUMBING AND HEATING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr R A Norman





REGISTERED OFFICE: Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB





REGISTERED NUMBER: 11142269 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

PVS PLUMBING AND HEATING SERVICES LTD (REGISTERED NUMBER: 11142269)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 60,431 45,687

CURRENT ASSETS
Inventories 6,945 7,331
Debtors 5 133,594 198,437
Cash at bank 24,193 -
164,732 205,768
CREDITORS
Amounts falling due within one year 6 95,728 148,906
NET CURRENT ASSETS 69,004 56,862
TOTAL ASSETS LESS CURRENT LIABILITIES 129,435 102,549

CREDITORS
Amounts falling due after more than one year 7 (23,897 ) (14,328 )

PROVISIONS FOR LIABILITIES (11,482 ) (10,415 )
NET ASSETS 94,056 77,806

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 94,055 77,805
SHAREHOLDERS' FUNDS 94,056 77,806

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.

PVS PLUMBING AND HEATING SERVICES LTD (REGISTERED NUMBER: 11142269)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





Mr R A Norman - Director


PVS PLUMBING AND HEATING SERVICES LTD (REGISTERED NUMBER: 11142269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Pvs Plumbing And Heating Services 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% 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 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.

PVS PLUMBING AND HEATING SERVICES LTD (REGISTERED NUMBER: 11142269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 8,513 53,603 791 62,907
Additions 3,999 23,591 868 28,458
Disposals (1,402 ) - - (1,402 )
At 31 January 2023 11,110 77,194 1,659 89,963
DEPRECIATION
At 1 February 2022 3,758 13,106 356 17,220
Charge for year 991 11,253 162 12,406
Eliminated on disposal (94 ) - - (94 )
At 31 January 2023 4,655 24,359 518 29,532
NET BOOK VALUE
At 31 January 2023 6,455 52,835 1,141 60,431
At 31 January 2022 4,755 40,497 435 45,687

PVS PLUMBING AND HEATING SERVICES LTD (REGISTERED NUMBER: 11142269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2022 53,603
Additions 23,591
At 31 January 2023 77,194
DEPRECIATION
At 1 February 2022 13,106
Charge for year 11,253
At 31 January 2023 24,359
NET BOOK VALUE
At 31 January 2023 52,835
At 31 January 2022 40,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,716 137,996
Other debtors 13,938 28,341
Directors' current accounts 463 -
VAT 25,260 30,402
Prepayments 1,217 1,698
133,594 198,437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 308
Hire purchase contracts 7,571 9,857
Trade creditors 81,761 97,409
Corporation tax 6,158 12,963
Pensions payable 238 -
Directors' current accounts - 28,369
95,728 148,906

PVS PLUMBING AND HEATING SERVICES LTD (REGISTERED NUMBER: 11142269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 23,637 14,328
Other creditors 260 -
23,897 14,328

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr R A Norman
Balance outstanding at start of year (28,369 ) (30,214 )
Amounts advanced 42,904 4,216
Amounts repaid (14,072 ) (2,371 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 463 (28,369 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £33,000 (2022 - £38,872) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R A Norman.