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REGISTERED NUMBER: NI021127 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Hinds Heating & Plumbing Limited

Hinds Heating & Plumbing Limited (Registered number: NI021127)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hinds Heating & Plumbing Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D Hinds
Mrs J Hinds





REGISTERED OFFICE: 32 High Street
Portaferry
BT22 1QT





REGISTERED NUMBER: NI021127 (Northern Ireland)





ACCOUNTANT: E M Sheehan Limited
Chartered Certified Accountants
T/A E M Sheehan & Co
30A Greencastle Street
Kilkeel
Co. Down
BT34 4BH

Hinds Heating & Plumbing Limited (Registered number: NI021127)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,569 6,962
5,569 6,962

CURRENT ASSETS
Stocks 35,980 32,972
Debtors 6 36,035 77,218
Cash at bank 227,189 223,632
299,204 333,822
CREDITORS
Amounts falling due within one year 7 40,612 55,202
NET CURRENT ASSETS 258,592 278,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,161

285,582

CREDITORS
Amounts falling due after more than
one year

8

551

1,704
NET ASSETS 263,610 283,878

Hinds Heating & Plumbing Limited (Registered number: NI021127)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 263,608 283,876
SHAREHOLDERS' FUNDS 263,610 283,878

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

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

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 5 October 2023 and were signed on its behalf by:





D Hinds - Director


Hinds Heating & Plumbing Limited (Registered number: NI021127)

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


1. STATUTORY INFORMATION

Hinds Heating & Plumbing Limited is a private company, limited by shares , registered in Northern Ireland. 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 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Hinds Heating & Plumbing Limited (Registered number: NI021127)

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


2. ACCOUNTING POLICIES - continued
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 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.

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 4 (2022 - 5 ) .

Hinds Heating & Plumbing Limited (Registered number: NI021127)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 348,034
AMORTISATION
At 1 April 2022
and 31 March 2023 348,034
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 15,900 1,000 1,879 18,779
DEPRECIATION
At 1 April 2022 8,986 952 1,879 11,817
Charge for year 1,383 10 - 1,393
At 31 March 2023 10,369 962 1,879 13,210
NET BOOK VALUE
At 31 March 2023 5,531 38 - 5,569
At 31 March 2022 6,914 48 - 6,962

Hinds Heating & Plumbing Limited (Registered number: NI021127)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.23 31.3.22
£    £   
Trade debtors 30,523 67,187
Other debtors 5,512 10,031
36,035 77,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.23 31.3.22
£    £   
Trade creditors 38,110 42,124
Taxation and social security - 9,353
Other creditors 2,502 3,725
40,612 55,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 551 1,704