2 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08398468 2022-03-01 2023-02-28 08398468 2023-02-28 08398468 2022-02-28 08398468 2021-03-01 2022-02-28 08398468 2022-02-28 08398468 core:FurnitureFittings 2022-03-01 2023-02-28 08398468 core:MotorVehicles 2022-03-01 2023-02-28 08398468 bus:Director1 2022-03-01 2023-02-28 08398468 core:FurnitureFittings 2022-02-28 08398468 core:MotorVehicles 2022-02-28 08398468 core:FurnitureFittings 2023-02-28 08398468 core:MotorVehicles 2023-02-28 08398468 core:WithinOneYear 2023-02-28 08398468 core:WithinOneYear 2022-02-28 08398468 core:AfterOneYear 2023-02-28 08398468 core:AfterOneYear 2022-02-28 08398468 core:ShareCapital 2023-02-28 08398468 core:ShareCapital 2022-02-28 08398468 core:RetainedEarningsAccumulatedLosses 2023-02-28 08398468 core:RetainedEarningsAccumulatedLosses 2022-02-28 08398468 core:FurnitureFittings 2022-02-28 08398468 core:MotorVehicles 2022-02-28 08398468 bus:Director1 2022-02-28 08398468 bus:Director1 2023-02-28 08398468 bus:Director1 2021-02-28 08398468 bus:Director1 2022-02-28 08398468 bus:Director1 2021-03-01 2022-02-28 08398468 bus:SmallEntities 2022-03-01 2023-02-28 08398468 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08398468 bus:FullAccounts 2022-03-01 2023-02-28 08398468 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08398468 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 08398468
Energywise Plumbing & Heating Limited
Filleted Unaudited Financial Statements
28 February 2023
Energywise Plumbing & Heating Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
3,078
3,597
Current assets
Stocks
2,800
3,000
Debtors
6
30,908
14,188
Cash at bank and in hand
10,660
16,000
------------
------------
44,368
33,188
Creditors: amounts falling due within one year
7
( 16,898)
( 15,958)
------------
------------
Net current assets
27,470
17,230
------------
------------
Total assets less current liabilities
30,548
20,827
Creditors: amounts falling due after more than one year
8
( 16,143)
( 23,067)
------------
------------
Net assets/(liabilities)
14,405
( 2,240)
------------
------------
Capital and reserves
Called up share capital
1
1
Profit and loss account
14,404
( 2,241)
------------
------------
Shareholders funds/(deficit)
14,405
( 2,240)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Energywise Plumbing & Heating Limited
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 31 May 2023 , and are signed on behalf of the board by:
Mr I M Rollason
Director
Company registration number: 08398468
Energywise Plumbing & Heating Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 Douglas Road, Workington, Cumbria, CA14 2QY, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and equipment
-
15% reducing balance
Motor vehicles
-
25% reducing balance
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Government grants
Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable.
Financial instruments
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 entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 March 2022
3,762
4,167
7,929
Additions
300
300
------------
------------
------------
At 28 February 2023
4,062
4,167
8,229
------------
------------
------------
Depreciation
At 1 March 2022
2,509
1,823
4,332
Charge for the year
233
586
819
------------
------------
------------
At 28 February 2023
2,742
2,409
5,151
------------
------------
------------
Carrying amount
At 28 February 2023
1,320
1,758
3,078
------------
------------
------------
At 28 February 2022
1,253
2,344
3,597
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
6,824
4,760
Other debtors
24,084
9,428
------------
------------
30,908
14,188
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,920
6,750
Trade creditors
2,814
2,873
Corporation tax
5,231
3,244
Social security and other taxes
1,406
Pension control account
212
91
Other creditors
1,721
1,594
------------
------------
16,898
15,958
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
16,143
23,067
------------
------------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr I M Rollason
4,942
11,318
( 4,942)
11,318
------------
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr I M Rollason
19,532
4,942
( 19,532)
4,942
------------
------------
------------
------------