Registered number: 09527556 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
Mike Griffiths & Partners Ltd | ||||||||
Accountants & Registered Auditors | ||||||||
Yew Tree Inn | ||||||||
High Street | ||||||||
Gresford | ||||||||
Wrexham | ||||||||
LL12 8RF |
PRO PLUMB (WXM) LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Wrexham | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 09527556 | ||||||||
ACCOUNTANTS | ||||||||
Mike Griffiths & Partners Ltd | ||||||||
Accountants & Registered Auditors | ||||||||
Yew Tree Inn | ||||||||
High Street | ||||||||
Gresford | ||||||||
Wrexham | ||||||||
LL12 8RF |
PRO PLUMB (WXM) LTD | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
PRO PLUMB (WXM) LTD | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
757,099 | 553,614 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 248,965 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 189,497 | 32,500 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 472,373 | 331,522 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
PRO PLUMB (WXM) LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
The presentation currency of the financial statements is sterling (£) rounded to the nearest £1. These financial statements are for the individual entity only. |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 15% | |||||||
Equipment | reducing balance 15% | |||||||
Motor Cars | reducing balance 15% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Goodwill | ||||||||
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 25 | |||||
PRO PLUMB (WXM) LTD | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2022 | 75,000 | 75,000 | ||
At 31/03/2023 | 75,000 | 75,000 | ||
Depreciation | ||||
At 01/04/2022 | 30,783 | 30,783 | ||
For the year | 7,500 | 7,500 | ||
At 31/03/2023 | 38,283 | 38,283 | ||
Net Book Amounts | ||||
At 31/03/2023 | ||||
At 31/03/2022 | ||||
4. TANGIBLE FIXED ASSETS | ||||||||
Plant and | ||||||||
Machinery | Equipment | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/04/2022 | 2,808 | 2,400 | 108,153 | 113,361 | ||||
Additions | 426 | - | 50,151 | 50,577 | ||||
Disposals | - | - | (14,363) | (14,363) | ||||
At 31/03/2023 | 3,234 | 2,400 | 143,941 | 149,575 | ||||
Depreciation | ||||||||
At 01/04/2022 | 1,998 | 1,896 | 22,009 | 25,903 | ||||
Disposals | - | - | (6,670) | (6,670) | ||||
For the year | 185 | 76 | 19,290 | 19,551 | ||||
At 31/03/2023 | 2,183 | 1,972 | 34,629 | 38,784 | ||||
Net Book Amounts | ||||||||
At 31/03/2023 | 110,791 | |||||||
At 31/03/2022 | 87,458 | |||||||
PRO PLUMB (WXM) LTD | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 96,331 | 76,712 | ||||||
Other debtors | 42,245 | 43,197 | ||||||
Amounts due from Kato Group Limited | 56,703 | 11,600 | ||||||
Amounts due from Pro Home (Wxm) Limited | 269,481 | - | ||||||
Directors current account | 29,222 | 8,356 | ||||||
493,982 | 139,865 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 36,310 | 14,935 | ||||||
VAT | 31,402 | 104,778 | ||||||
Loans | 28,600 | 10,000 | ||||||
Hire purchase | 5,313 | - | ||||||
Trade creditors | 74,734 | 99,980 | ||||||
Other creditors | 41,617 | 34,261 | ||||||
Amounts due to Kato Group Limited | - | 37,180 | ||||||
Accruals | 3,710 | 3,515 | ||||||
221,686 | 304,649 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans - repayable 2-5 years | 96,900 | 32,500 | ||||||
Bank loans - repayable by instalments after 5 years | 82,150 | - | ||||||
Hire purchase - repayable 2-5 years | 10,447 | - | ||||||
189,497 | 32,500 | |||||||
The Hire purchase liabilities recorded due within one year and after one year in the sum of £15,760 (2022: £Nil) are secured against the assets to which it relates. A loan recorded due within one year and after one year in the sum of £175,150 ( 2022: £Nil) is secured by a debenture and floating charge against the company's property and undertaking of the company in respect of property held by Pro Home (WXM) limited. | ||||||||
PRO PLUMB (WXM) LTD | ||||||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 21,050 | 16,617 | ||||||
21,050 | 16,617 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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11. FINANCIAL COMMITMENT | ||||||||
As at the 31st March 2023 the company had operating lease commitments in the sum of £15,181 (2022:£5,773) payable within the next three years. | ||||||||