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REGISTERED NUMBER: 09045693 (England and Wales)

















P Cardy Plumbing and Heating Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






P Cardy Plumbing and Heating Limited (Registered number: 09045693)






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


P Cardy Plumbing and Heating Limited

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Mr P M Cardy





REGISTERED OFFICE: Green Pastures
Main Road
Holmpton
East Yorkshire
HU19 2RB





REGISTERED NUMBER: 09045693 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

P Cardy Plumbing and Heating Limited (Registered number: 09045693)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,350 8,396

CURRENT ASSETS
Stocks 5 250 1,000
Debtors 6 5,886 6,311
Cash at bank 10,137 6,954
16,273 14,265
CREDITORS
Amounts falling due within one year 7 16,416 12,247
NET CURRENT (LIABILITIES)/ASSETS (143 ) 2,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,207

10,414

CREDITORS
Amounts falling due after more than one
year

8

(6,500

)

(9,500

)

PROVISIONS FOR LIABILITIES (596 ) (795 )
NET ASSETS 111 119

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 19
SHAREHOLDERS' FUNDS 111 119

P Cardy Plumbing and Heating Limited (Registered number: 09045693)

BALANCE SHEET - continued
31 March 2023


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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 August 2023 and were signed by:





Mr P M Cardy - Director


P Cardy Plumbing and Heating Limited (Registered number: 09045693)

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

1. STATUTORY INFORMATION

P Cardy Plumbing and Heating Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is calculated on Freehold Land. Depreciation on Freehold Buildings is calculated so as to write off the cost less the residual value over the useful economic life of the building to the business. The company's policy on the maintenance of buildings is such that the directors expect the residual values of the buildings to be equal to or greater than the cost.

Government grants
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets. Grants related to expenses are treated as income in the profit and loss account in the period they are receivable.

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 Profit and Loss Account, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

P Cardy Plumbing and Heating Limited (Registered number: 09045693)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 4,211 8,263 13,890 26,364
DEPRECIATION
At 1 April 2022 - 6,550 11,418 17,968
Charge for year - 428 618 1,046
At 31 March 2023 - 6,978 12,036 19,014
NET BOOK VALUE
At 31 March 2023 4,211 1,285 1,854 7,350
At 31 March 2022 4,211 1,713 2,472 8,396

5. STOCKS
2023 2022
£    £   
Stocks 250 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,620 6,120
Directors' current accounts 3,058 -
Prepayments 208 191
5,886 6,311

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 3,880 2,992
Tax 8,368 3,800
Directors' current accounts - 290
Accruals 1,168 2,165
16,416 12,247

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 6,500 9,500

P Cardy Plumbing and Heating Limited (Registered number: 09045693)

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
£    £   
Mr P M Cardy
Balance outstanding at start of year - -
Amounts advanced 3,058 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,058 -

The overdrawn directors loan account of £3,058 was repaid in August 2023..