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REGISTERED NUMBER: 08777179 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 November 2022

for

24/7 Plumbing & Gas (UK) Limited

24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


24/7 Plumbing & Gas (UK) Limited

Company Information
for the Year Ended 30 November 2022







DIRECTOR: R A Brown



REGISTERED OFFICE: 1,733 Coventry Road
Birmingham
West Midlands
B26 1DT



REGISTERED NUMBER: 08777179 (England and Wales)



ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT



BANKERS: Santander UK plc
1,109 Warwick Road
Acocks Green
Birmingham
West Midlands
B27 6RA

24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 500 1,000
Property, plant and equipment 6 46,673 23,418
47,173 24,418

CURRENT ASSETS
Inventories 7 8,032 15,025
Debtors 8 135,789 92,019
Cash at bank and in hand 30,502 27,742
174,323 134,786
CREDITORS
Amounts falling due within one
year

9

186,557

129,185
NET CURRENT (LIABILITIES)/ASSETS (12,234 ) 5,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,939

30,019

CREDITORS
Amounts falling due after more
than one year

10

(45,956

)

(21,867

)

PROVISIONS FOR LIABILITIES - (5,672 )
NET (LIABILITIES)/ASSETS (11,017 ) 2,480

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 14 (11,117 ) 2,380
SHAREHOLDERS' FUNDS (11,017 ) 2,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)

Balance Sheet - continued
30 November 2022


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 23 November 2023 and were signed by:





R A Brown - Director


24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

24/7 Plumbing & Gas (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal place of business is 160 Beeches Road, Great Barr, Birmingham B42 2HN.

2. STATEMENT OF COMPLIANCE

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. There have been no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
At the balance sheet date the company had net current liabilities of £12,234, however the director believes that the company will be able to meet its liabilities as they fall due and therefore feels it appropriate to draw up these financial statements on the going concern basis. These financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover
Turnover represents net invoiced sales and goods and services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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


24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

3. ACCOUNTING POLICIES - continued
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.

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

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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 5,000
AMORTISATION
At 1 December 2021 4,000
Amortisation for year 500
At 30 November 2022 4,500
NET BOOK VALUE
At 30 November 2022 500
At 30 November 2021 1,000

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2021 5,050 1,428 49,447 1,896 57,821
Additions - - 55,563 - 55,563
Disposals - - (38,097 ) - (38,097 )
At 30 November 2022 5,050 1,428 66,913 1,896 75,287
DEPRECIATION
At 1 December 2021 4,611 864 27,471 1,457 34,403
Charge for year 439 285 15,367 145 16,236
Eliminated on disposal - - (22,025 ) - (22,025 )
At 30 November 2022 5,050 1,149 20,813 1,602 28,614
NET BOOK VALUE
At 30 November 2022 - 279 46,100 294 46,673
At 30 November 2021 439 564 21,976 439 23,418

24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

6. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2021 48,197
Additions 55,563
Disposals (38,097 )
At 30 November 2022 65,663
DEPRECIATION
At 1 December 2021 26,443
Charge for year 15,312
Eliminated on disposal (22,025 )
At 30 November 2022 19,730
NET BOOK VALUE
At 30 November 2022 45,933
At 30 November 2021 21,754

7. INVENTORIES
30.11.22 30.11.21
£    £   
Stocks 8,032 15,025

8. DEBTORS
30.11.22 30.11.21
£    £   
Amounts falling due within one year:
Trade debtors 30,981 27,661
Other debtors 78,697 50,120
Prepayments and accrued income 953 252
110,631 78,033

Amounts falling due after more than one year:
Other debtors 25,158 13,986

Aggregate amounts 135,789 92,019

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts (see note 11)
8,476

17,498
Trade creditors 94,508 59,937
Tax 14,956 18,563
Social security and other
taxes

31,840

23,822
Other creditors 1,036 698
Accruals and deferred income 30,741 3,667
186,557 129,185

24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Bank loans - 2-5 years 12,917 17,663
Hire purchase contracts (see note 11)
33,039

4,204
45,956 21,867

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.22 30.11.21
£    £   
Net obligations repayable:
Within one year 8,476 17,498
Between one and five years 33,039 4,204
41,515 21,702

Non-cancellable operating leases
30.11.22 30.11.21
£    £   
Within one year 4,200 6,300
Between one and five years - 4,200
4,200 10,500

12. SECURED DEBTS

The following secured debts are included within creditors:

30.11.22 30.11.21
£    £   
Hire purchase contracts 41,515 21,702

Obligations under finance leases and hire purchase contracts are secured by the related lease assets.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.22 30.11.21
value: £    £   
100 Ordinary 1 100 100

14. RESERVES
Retained
earnings
£   

At 1 December 2021 2,380
Deficit for the year (13,497 )
At 30 November 2022 (11,117 )

24/7 Plumbing & Gas (UK) Limited (Registered number: 08777179)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

15. CAPITAL COMMITMENTS
30.11.22 30.11.21
£    £   
Contracted but not provided for in the
financial statements - -

16. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

30.11.22 30.11.21
£    £   
R A Brown
Balance outstanding at start of year 43,035 20,071
Amounts advanced 33,493 24,964
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,528 43,035

The director's current account is unsecured and interest free with no specific repayment terms.