2022-04-012023-03-312023-03-31false07662478Phil Holt Plumbing & Heating Limited2023-11-1043220iso4217:GBPxbrli:pure076624782022-04-01076624782023-03-31076624782022-04-012023-03-31076624782021-04-01076624782022-03-31076624782021-04-012022-03-3107662478bus:SmallEntities2022-04-012023-03-3107662478bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3107662478bus:AbridgedAccounts2022-04-012023-03-3107662478bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107662478core:WithinOneYear2023-03-3107662478core:AfterOneYear2023-03-3107662478core:WithinOneYear2022-03-3107662478core:AfterOneYear2022-03-3107662478core:ShareCapital2023-03-3107662478core:SharePremium2023-03-3107662478core:RevaluationReserve2023-03-3107662478core:OtherReservesSubtotal2023-03-3107662478core:RetainedEarningsAccumulatedLosses2023-03-3107662478core:ShareCapital2022-03-3107662478core:SharePremium2022-03-3107662478core:RevaluationReserve2022-03-3107662478core:OtherReservesSubtotal2022-03-3107662478core:RetainedEarningsAccumulatedLosses2022-03-3107662478core:LandBuildings2023-03-3107662478core:PlantMachinery2023-03-3107662478core:Vehicles2023-03-3107662478core:FurnitureFittings2023-03-3107662478core:OfficeEquipment2023-03-3107662478core:NetGoodwill2023-03-3107662478core:IntangibleAssetsOtherThanGoodwill2023-03-3107662478core:ListedExchangeTraded2023-03-3107662478core:UnlistedNon-exchangeTraded2023-03-3107662478core:LandBuildings2022-03-3107662478core:PlantMachinery2022-03-3107662478core:Vehicles2022-03-3107662478core:FurnitureFittings2022-03-3107662478core:OfficeEquipment2022-03-3107662478core:NetGoodwill2022-03-3107662478core:IntangibleAssetsOtherThanGoodwill2022-03-3107662478core:ListedExchangeTraded2022-03-3107662478core:UnlistedNon-exchangeTraded2022-03-3107662478core:LandBuildings2022-04-012023-03-3107662478core:PlantMachinery2022-04-012023-03-3107662478core:Vehicles2022-04-012023-03-3107662478core:FurnitureFittings2022-04-012023-03-3107662478core:OfficeEquipment2022-04-012023-03-3107662478core:NetGoodwill2022-04-012023-03-3107662478core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107662478core:ListedExchangeTraded2022-04-012023-03-3107662478core:UnlistedNon-exchangeTraded2022-04-012023-03-3107662478core:MoreThanFiveYears2022-04-012023-03-3107662478core:Non-currentFinancialInstruments2023-03-3107662478core:Non-currentFinancialInstruments2022-03-3107662478dpl:CostSales2022-04-012023-03-3107662478dpl:DistributionCosts2022-04-012023-03-3107662478core:LandBuildings2022-04-012023-03-3107662478core:PlantMachinery2022-04-012023-03-3107662478core:Vehicles2022-04-012023-03-3107662478core:FurnitureFittings2022-04-012023-03-3107662478core:OfficeEquipment2022-04-012023-03-3107662478dpl:AdministrativeExpenses2022-04-012023-03-3107662478core:NetGoodwill2022-04-012023-03-3107662478core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107662478dpl:GroupUndertakings2022-04-012023-03-3107662478dpl:ParticipatingInterests2022-04-012023-03-3107662478dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107662478core:ListedExchangeTraded2022-04-012023-03-3107662478dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107662478core:UnlistedNon-exchangeTraded2022-04-012023-03-3107662478dpl:CostSales2021-04-012022-03-3107662478dpl:DistributionCosts2021-04-012022-03-3107662478core:LandBuildings2021-04-012022-03-3107662478core:PlantMachinery2021-04-012022-03-3107662478core:Vehicles2021-04-012022-03-3107662478core:FurnitureFittings2021-04-012022-03-3107662478core:OfficeEquipment2021-04-012022-03-3107662478dpl:AdministrativeExpenses2021-04-012022-03-3107662478core:NetGoodwill2021-04-012022-03-3107662478core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3107662478dpl:GroupUndertakings2021-04-012022-03-3107662478dpl:ParticipatingInterests2021-04-012022-03-3107662478dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3107662478core:ListedExchangeTraded2021-04-012022-03-3107662478dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3107662478core:UnlistedNon-exchangeTraded2021-04-012022-03-3107662478core:NetGoodwill2023-03-3107662478core:IntangibleAssetsOtherThanGoodwill2023-03-3107662478core:LandBuildings2023-03-3107662478core:PlantMachinery2023-03-3107662478core:Vehicles2023-03-3107662478core:FurnitureFittings2023-03-3107662478core:OfficeEquipment2023-03-3107662478core:AfterOneYear2023-03-3107662478core:WithinOneYear2023-03-3107662478core:ListedExchangeTraded2023-03-3107662478core:UnlistedNon-exchangeTraded2023-03-3107662478core:ShareCapital2023-03-3107662478core:SharePremium2023-03-3107662478core:RevaluationReserve2023-03-3107662478core:OtherReservesSubtotal2023-03-3107662478core:RetainedEarningsAccumulatedLosses2023-03-3107662478core:NetGoodwill2022-03-3107662478core:IntangibleAssetsOtherThanGoodwill2022-03-3107662478core:LandBuildings2022-03-3107662478core:PlantMachinery2022-03-3107662478core:Vehicles2022-03-3107662478core:FurnitureFittings2022-03-3107662478core:OfficeEquipment2022-03-3107662478core:AfterOneYear2022-03-3107662478core:WithinOneYear2022-03-3107662478core:ListedExchangeTraded2022-03-3107662478core:UnlistedNon-exchangeTraded2022-03-3107662478core:ShareCapital2022-03-3107662478core:SharePremium2022-03-3107662478core:RevaluationReserve2022-03-3107662478core:OtherReservesSubtotal2022-03-3107662478core:RetainedEarningsAccumulatedLosses2022-03-3107662478core:NetGoodwill2021-04-0107662478core:IntangibleAssetsOtherThanGoodwill2021-04-0107662478core:LandBuildings2021-04-0107662478core:PlantMachinery2021-04-0107662478core:Vehicles2021-04-0107662478core:FurnitureFittings2021-04-0107662478core:OfficeEquipment2021-04-0107662478core:AfterOneYear2021-04-0107662478core:WithinOneYear2021-04-0107662478core:ListedExchangeTraded2021-04-0107662478core:UnlistedNon-exchangeTraded2021-04-0107662478core:ShareCapital2021-04-0107662478core:SharePremium2021-04-0107662478core:RevaluationReserve2021-04-0107662478core:OtherReservesSubtotal2021-04-0107662478core:RetainedEarningsAccumulatedLosses2021-04-0107662478core:AfterOneYear2022-04-012023-03-3107662478core:WithinOneYear2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107662478core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3107662478core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3107662478core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3107662478core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3107662478core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3107662478core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3107662478core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3107662478core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3107662478core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3107662478core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3107662478core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3107662478core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3107662478core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3107662478core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3107662478core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3107662478core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3107662478core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3107662478core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3107662478bus:Director12022-04-012023-03-3107662478bus:Director22022-04-012023-03-31

Phil Holt Plumbing & Heating Limited

Registered Number
07662478
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Phil Holt Plumbing & Heating Limited
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Holt, Paula
Holt, Philip John

Registered Address

1 Park Gardens
Yeovil
BA20 1DW

Place of Business

355 Mundens Lane

Alweston

Sherborne

Dorset

DT9 5HU


Registered Number

07662478 (England and Wales)
Phil Holt Plumbing & Heating Limited
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets614,87419,282
14,87419,282
Current assets
Stocks1,5002,100
Debtors17,35622,465
Cash at bank and on hand76,39464,617
95,25089,182
Creditors amounts falling due within one year8(20,769)(27,120)
Net current assets (liabilities)74,48162,062
Total assets less current liabilities89,35581,344
Provisions for liabilities(2,826)(3,664)
Net assets86,52977,680
Capital and reserves
Called up share capital100100
Profit and loss account86,42977,580
Shareholders' funds86,52977,680
The financial statements were approved and authorised for issue by the Board of Directors on 10 November 2023, and are signed on its behalf by:
Holt, Philip John
Director
Registered Company No. 07662478
Phil Holt Plumbing & Heating Limited
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Intangible assets policy
Intangible assets are measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated impairment losses. Intangible asset - goodwill that was paid in connection with the acquisition of a business in 2011 and was amortised evenly over its estimated useful life of ten years.
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Deferred tax policy
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.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
4.Employee information
The following average number of employees includes directors.

20232022
Average number of employees during the year22
5.Intangible assets

Total

£
Cost or valuation
At 01 April 2210,000
At 31 March 2310,000
Amortisation and impairment
At 01 April 2210,000
At 31 March 2310,000
Net book value
At 31 March 23-
At 31 March 22-
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 2232,300
Additions521
At 31 March 2332,821
Depreciation and impairment
At 01 April 2213,018
Charge for year4,929
At 31 March 2317,947
Net book value
At 31 March 2314,874
At 31 March 2219,282
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables8,5817,769
Other debtors8,04913,918
Prepayments and accrued income726778
Total17,35622,465
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables6,5615,834
Taxation and social security9,19115,464
Other creditors4,0974,967
Accrued liabilities and deferred income920855
Total20,76927,120
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.