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REGISTERED NUMBER: 07711153 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

J PENFOLD HEATING & PLUMBING LTD

J PENFOLD HEATING & PLUMBING LTD (REGISTERED NUMBER: 07711153)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J PENFOLD HEATING & PLUMBING LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: J Penfold





SECRETARY: J E Penfold





REGISTERED OFFICE: 3 Taylor Close
Tonbridge
Kent
TN9 2FE





REGISTERED NUMBER: 07711153 (England and Wales)





ACCOUNTANTS: WBD Accountants Limited
Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF

J PENFOLD HEATING & PLUMBING LTD (REGISTERED NUMBER: 07711153)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,548 351

CURRENT ASSETS
Stocks 2,000 1,500
Debtors 5 10,097 41,013
Cash at bank 24,128 10,340
36,225 52,853
CREDITORS
Amounts falling due within one year 6 12,625 27,023
NET CURRENT ASSETS 23,600 25,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,148

26,181

CREDITORS
Amounts falling due after more than one
year

7

(22,157

)

(25,854

)

PROVISIONS FOR LIABILITIES (3,144 ) (67 )
NET ASSETS 14,847 260

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 8 14,837 250
SHAREHOLDERS' FUNDS 14,847 260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J PENFOLD HEATING & PLUMBING LTD (REGISTERED NUMBER: 07711153)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





J Penfold - Director


J PENFOLD HEATING & PLUMBING LTD (REGISTERED NUMBER: 07711153)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J Penfold Heating & Plumbing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods/services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

J PENFOLD HEATING & PLUMBING LTD (REGISTERED NUMBER: 07711153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants have been accounted for under the accrual model and have been recognised in profit or loss on a systematic basis over the periods in which the entity recognises the related costs for which the grants are intended to compensate,

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 22,337
Additions 21,707
Disposals (6,165 )
At 31 March 2023 37,879
DEPRECIATION
At 1 April 2022 21,986
Charge for year 5,493
Eliminated on disposal (6,148 )
At 31 March 2023 21,331
NET BOOK VALUE
At 31 March 2023 16,548
At 31 March 2022 351

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 5,500
Disposals (5,500 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 5,500
Eliminated on disposal (5,500 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

J PENFOLD HEATING & PLUMBING LTD (REGISTERED NUMBER: 07711153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,188 15,858
Other debtors 4,909 25,155
10,097 41,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,686 3,596
Trade creditors 3,442 9,541
Taxation and social security 3,568 10,145
Other creditors 1,929 3,741
12,625 27,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,157 25,854

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,278 6,466

8. RESERVES
Retained
earnings
£   

At 1 April 2022 250
Profit for the year 32,587
Dividends (18,000 )
At 31 March 2023 14,837

J PENFOLD HEATING & PLUMBING LTD (REGISTERED NUMBER: 07711153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
J Penfold
Balance outstanding at start of year 19,435 (12,093 )
Amounts advanced - 49,738
Amounts repaid (19,435 ) (18,210 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 19,435

10. GOING CONCERN

The company is reliant upon the support of the director to remain as a going concern. The accounts have been prepared on the basis that this support will continue.