Registered number
10647693
Darcy Plumbing Ltd
Unaudited Filleted Accounts
31 March 2023
Darcy Plumbing Ltd
Registered number: 10647693
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 1,985 -
Debtors 3 50,632 50,949
Cash at bank and in hand 3,765 4,875
56,382 55,824
Creditors: amounts falling due within one year 4 (13,430) (10,193)
Net current assets 42,952 45,631
Total assets less current liabilities 42,952 45,631
Creditors: amounts falling due after more than one year 5 (34,685) (40,908)
Net assets 8,267 4,723
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,266 4,722
Shareholders' funds 8,267 4,723
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tim Darcy
Director
Approved by the board on 18 October 2023
Darcy Plumbing Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 350 2,160
Other debtors 50,282 48,789
50,632 50,949
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,646 6,624
Taxation and social security costs 6,150 2,965
Other creditors 634 604
13,430 10,193
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,685 40,908
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Tim Darcy
Loan 1 48,791 65,352 (63,861) 50,282
48,791 65,352 (63,861) 50,282
7 Other information
Darcy Plumbing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
Darcy Plumbing Ltd 10647693 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Tim Darcy No description of principal activity 10647693 2021-04-01 2022-03-31 10647693 core:WithinOneYear 2022-03-31 10647693 core:AfterOneYear 2022-03-31 10647693 core:ShareCapital 2022-03-31 10647693 core:RetainedEarningsAccumulatedLosses 2022-03-31 10647693 2022-04-01 2023-03-31 10647693 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10647693 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10647693 bus:Director40 2022-04-01 2023-03-31 10647693 1 2022-04-01 2023-03-31 10647693 2 2022-04-01 2023-03-31 10647693 bus:Director1 2022-04-01 2023-03-31 10647693 bus:Director1 1 2022-04-01 2023-03-31 10647693 countries:England 2022-04-01 2023-03-31 10647693 bus:FRS102 2022-04-01 2023-03-31 10647693 bus:FullAccounts 2022-04-01 2023-03-31 10647693 2023-03-31 10647693 core:WithinOneYear 2023-03-31 10647693 core:AfterOneYear 2023-03-31 10647693 core:ShareCapital 2023-03-31 10647693 core:RetainedEarningsAccumulatedLosses 2023-03-31 10647693 bus:Director1 1 2023-03-31 10647693 2022-03-31 10647693 bus:Director1 1 2022-03-31 iso4217:GBP xbrli:pure