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REGISTERED NUMBER: 06242327 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2023

for

M Gilbert Plumbing and Heating
Services Limited

M Gilbert Plumbing and Heating
Services Limited (Registered number: 06242327)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M Gilbert Plumbing and Heating
Services Limited

Company Information
for the Year Ended 5 April 2023







DIRECTORS: M Gilbert
Mrs R Gilbert





SECRETARY: Mrs R Gilbert





REGISTERED OFFICE: 4 Crendon Road
Rowley Regis
West Midlands
B65 8LD





REGISTERED NUMBER: 06242327 (England and Wales)





ACCOUNTANTS: S R Higgs
Accountant
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

M Gilbert Plumbing and Heating
Services Limited (Registered number: 06242327)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,708 8,870

CURRENT ASSETS
Debtors 5 28,132 29,507

CREDITORS
Amounts falling due within one year 6 32,968 35,489
NET CURRENT LIABILITIES (4,836 ) (5,982 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,872

2,888

PROVISIONS FOR LIABILITIES 7 1,275 1,685
NET ASSETS 597 1,203

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 497 1,103
SHAREHOLDERS' FUNDS 597 1,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

M Gilbert Plumbing and Heating
Services Limited (Registered number: 06242327)

Balance Sheet - continued
5 April 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 25 October 2023 and were signed on its behalf by:




M Gilbert - Director



Mrs R Gilbert - Director


M Gilbert Plumbing and Heating
Services Limited (Registered number: 06242327)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

M Gilbert Plumbing and Heating Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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.

M Gilbert Plumbing and Heating
Services Limited (Registered number: 06242327)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2022
and 5 April 2023 2,148 19,712 1,174 23,034
DEPRECIATION
At 6 April 2022 1,866 11,396 902 14,164
Charge for year 42 2,079 41 2,162
At 5 April 2023 1,908 13,475 943 16,326
NET BOOK VALUE
At 5 April 2023 240 6,237 231 6,708
At 5 April 2022 282 8,316 272 8,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors 14,154 14,995
CIS tax recoverable 13,426 14,512
VAT 552 -
28,132 29,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Bank loans and overdrafts 1,727 499
Taxation and social security 5,429 8,687
Other creditors 25,812 26,303
32,968 35,489

7. PROVISIONS FOR LIABILITIES
5.4.23 5.4.22
£    £   
Deferred tax 1,275 1,685

M Gilbert Plumbing and Heating
Services Limited (Registered number: 06242327)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 6 April 2022 1,685
Provided during year (410 )
Balance at 5 April 2023 1,275

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.23 5.4.22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M Gilbert as he owns the majority of the issued share capital.