Company Registration No. 06992365 (England and Wales)
A S Plumbing & Heating Ltd
Unaudited accounts
for the year ended 31 October 2023
A S Plumbing & Heating Ltd
Unaudited accounts
Contents
A S Plumbing & Heating Ltd
Company Information
for the year ended 31 October 2023
Company Number
06992365 (England and Wales)
Registered Office
56 Church Road
Burntwood
Staffordshire
WS7 9EA
United Kingdom
Accountants
Tyler Cobane Limited
29 Walton Way
Walton
Stone
Staffordshire
ST15 0JF
A S Plumbing & Heating Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
41,369
54,990
Cash at bank and in hand
31,605
6,233
Creditors: amounts falling due within one year
(43,058)
(31,882)
Net current assets
13,373
11,101
Total assets less current liabilities
54,742
66,091
Creditors: amounts falling due after more than one year
(17,500)
(30,500)
Provisions for liabilities
Deferred tax
(7,860)
(10,448)
Called up share capital
1
1
Profit and loss account
29,381
25,142
Shareholders' funds
29,382
25,143
For the year ending 31 October 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 22 November 2023 and were signed on its behalf by
A Seward
Director
Company Registration No. 06992365
A S Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 October 2023
A S Plumbing & Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 06992365. The registered office is 56 Church Road, Burntwood , Staffordshire, WS7 9EA, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
A S Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
1,634
67,490
2,301
71,425
At 31 October 2023
1,634
67,490
2,301
71,425
At 1 November 2022
61
14,443
1,931
16,435
Charge for the year
236
13,262
123
13,621
At 31 October 2023
297
27,705
2,054
30,056
At 31 October 2023
1,337
39,785
247
41,369
At 31 October 2022
1,573
53,047
370
54,990
Amounts falling due within one year
Other debtors
12,593
14,848
Amounts falling due after more than one year
Other debtors
6,300
12,667
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,000
8,000
Obligations under finance leases and hire purchase contracts
5,000
5,000
Taxes and social security
13,365
1,036
Other creditors
16,389
17,100
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,167
9,167
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).