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REGISTERED NUMBER: 10613249 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28th February 2023

for

PVM Plumbing Ltd

PVM Plumbing Ltd (Registered number: 10613249)

Contents of the Financial Statements
for the Year Ended 28th February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PVM Plumbing Ltd

Company Information
for the Year Ended 28th February 2023







DIRECTORS: P C McManus
Mrs V L McManus





REGISTERED OFFICE: 29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN





REGISTERED NUMBER: 10613249 (England and Wales)





ACCOUNTANTS: Blain Pritchard
Chartered Certified Accountants
29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN

PVM Plumbing Ltd (Registered number: 10613249)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,571 12,101

CURRENT ASSETS
Stocks 34,000 25,000
Debtors 5 46,193 94,889
Cash at bank and in hand 25,087 8,888
105,280 128,777
CREDITORS
Amounts falling due within one year 6 70,542 88,999
NET CURRENT ASSETS 34,738 39,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,309

51,879

CREDITORS
Amounts falling due after more than one
year

7

(35,538

)

(30,194

)

PROVISIONS FOR LIABILITIES (6,378 ) -
NET ASSETS 26,393 21,685

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 26,291 21,583
SHAREHOLDERS' FUNDS 26,393 21,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PVM Plumbing Ltd (Registered number: 10613249)

Balance Sheet - continued
28th February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th November 2023 and were signed on its behalf by:




P C McManus - Director



Mrs V L McManus - Director


PVM Plumbing Ltd (Registered number: 10613249)

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


1. STATUTORY INFORMATION

PVM 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% 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 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.

PVM Plumbing Ltd (Registered number: 10613249)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 20,344
Additions 34,117
Disposals (5,897 )
At 28th February 2023 48,564
DEPRECIATION
At 1st March 2022 8,243
Charge for year 11,266
Eliminated on disposal (4,516 )
At 28th February 2023 14,993
NET BOOK VALUE
At 28th February 2023 33,571
At 28th February 2022 12,101

PVM Plumbing Ltd (Registered number: 10613249)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st March 2022 13,990
Additions 34,117
At 28th February 2023 48,107
DEPRECIATION
At 1st March 2022 3,498
Charge for year 11,152
At 28th February 2023 14,650
NET BOOK VALUE
At 28th February 2023 33,457
At 28th February 2022 10,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,466 -
Other debtors 35,727 94,889
46,193 94,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,500 7,500
Hire purchase contracts 6,013 2,509
Trade creditors 21,878 30,389
Taxation and social security 14,561 17,913
Other creditors 20,590 30,688
70,542 88,999

PVM Plumbing Ltd (Registered number: 10613249)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,875 23,713
Hire purchase contracts 18,663 6,481
35,538 30,194