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Registration number: 07941699

Allen Plumbing and Heating Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Allen Plumbing and Heating Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

Allen Plumbing and Heating Services Limited

(Registration number: 07941699)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,861

3,498

Current assets

 

Stocks

5

3,650

793

Debtors

6

21,237

22,708

Cash at bank and in hand

 

23,856

12,124

 

48,743

35,625

Creditors: Amounts falling due within one year

7

(37,043)

(16,996)

Net current assets

 

11,700

18,629

Total assets less current liabilities

 

15,561

22,127

Creditors: Amounts falling due after more than one year

7

(13,754)

(19,200)

Provisions for liabilities

(965)

(825)

Net assets

 

842

2,102

Capital and reserves

 

Called up share capital

100

100

Retained earnings

742

2,002

Shareholders' funds

 

842

2,102

 

Allen Plumbing and Heating Services Limited

(Registration number: 07941699)
Balance Sheet as at 28 February 2023

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2023
 

.........................................
PA Allen
Director

 

Allen Plumbing and Heating Services Limited

Notes to the Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
United Kingdom

The principal place of business is:
Willowbrook
Knockwood Lane
Nether Wallop
Stockbridge
Hampshire
SO20 8EF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of plumbing, heating and air conditioning installation services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Allen Plumbing and Heating Services Limited

Notes to the Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Office equipment

25% reducing balance basis

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Allen Plumbing and Heating Services Limited

Notes to the Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2022

3,892

2,795

6,687

Additions

-

1,291

1,291

At 28 February 2023

3,892

4,086

7,978

Depreciation

At 1 March 2022

1,923

1,266

3,189

Charge for the year

492

436

928

At 28 February 2023

2,415

1,702

4,117

Carrying amount

At 28 February 2023

1,477

2,384

3,861

At 28 February 2022

1,969

1,529

3,498

5

Stocks

2023
£

2022
£

Work in progress

3,650

793

6

Debtors

Current

2023
£

2022
£

Trade debtors

3,226

1,741

Other debtors

18,011

20,967

 

21,237

22,708

 

Allen Plumbing and Heating Services Limited

Notes to the Financial Statements for the Year Ended 28 February 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

6,704

6,704

Trade creditors

17,166

5,912

Taxation and social security

6,673

2,880

Other creditors

6,500

1,500

37,043

16,996

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

13,754

19,200

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

6,704

6,704

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

13,754

19,200

 

Allen Plumbing and Heating Services Limited

Notes to the Financial Statements for the Year Ended 28 February 2023

9

Related party transactions

Transactions with the director

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

PA Allen

Movement during the year

16,369

38,136

(46,631)

7,874

         
       

 

2022

At 1 March 2021
£

Advances to director
£

Repayments by director
£

Other payments made to company by director
£

At 28 February 2022
£

PA Allen

Movement during the year

9,105

17,784

(520)

(10,000)

16,369