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Company Registration No. 10386474 (England and Wales)
I & C Heating & Plumbing Limited Unaudited accounts for the year ended 31 March 2023
I & C Heating & Plumbing Limited Unaudited accounts Contents
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I & C Heating & Plumbing Limited Company Information for the year ended 31 March 2023
Director
Ian Richard Crutchington
Company Number
10386474 (England and Wales)
Registered Office
246 Godstone Road Whyteleafe Surrey CR3 0EF United Kingdom
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I & C Heating & Plumbing Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,553 
8,722 
Current assets
Debtors
13,024 
6,235 
Cash at bank and in hand
45,927 
30,173 
58,951 
36,408 
Creditors: amounts falling due within one year
(28,911)
(21,098)
Net current assets
30,040 
15,310 
Net assets
42,593 
24,032 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
42,591 
24,030 
Shareholders' funds
42,593 
24,032 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Ian Richard Crutchington Director Company Registration No. 10386474
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I & C Heating & Plumbing Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
I & C Heating & Plumbing Limited is a private company, limited by shares, registered in England and Wales, registration number 10386474. The registered office is 246 , Godstone Road, Whyteleafe, Surrey, CR3 0EF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis.The companies on going activities are dependent upon the continued support of the directors who has undertaken to provide such support for the foreseeable future.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20 % on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
25 % reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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I & C Heating & Plumbing Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
1,626 
18,720 
805 
21,151 
Additions
4,417 
- 
1,563 
5,980 
At 31 March 2023
6,043 
18,720 
2,368 
27,131 
Depreciation
At 1 April 2022
1,000 
11,052 
377 
12,429 
Charge for the year
345 
1,534 
270 
2,149 
At 31 March 2023
1,345 
12,586 
647 
14,578 
Net book value
At 31 March 2023
4,698 
6,134 
1,721 
12,553 
At 31 March 2022
626 
7,668 
428 
8,722 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,235 
Other debtors
13,024 
- 
13,024 
6,235 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
9,360 
2,771 
Taxes and social security
14,075 
17,180 
Other creditors
4,329 
- 
Accruals
1,147 
1,147 
28,911 
21,098 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ian Richard Crutchington
Loans and advances
- 
13,024 
- 
13,024 
- 
13,024 
- 
13,024 
The director shall repay this loans and advances back into the company within 9 months from the balance sheet date.
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I & C Heating & Plumbing Limited Notes to the Accounts for the year ended 31 March 2023
9
Transactions with related parties
Ian Richard Crutchington is the director and shareholder holding 100 % shares in the company. The company has paid a dividend GBP 37,000 for it's shareholder Richard Crutchington during the current year.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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