Registered number
07785726
Dishley Plumbing and Heating Ltd
Filleted Accounts
28 February 2023
Dishley Plumbing and Heating Ltd
Registered number: 07785726
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 43,869 68,151
Current assets
Debtors 4 200,857 151,133
Cash at bank and in hand 172,288 190,071
373,145 341,204
Creditors: amounts falling due within one year 5 (110,233) (76,611)
Net current assets 262,912 264,593
Total assets less current liabilities 306,781 332,744
Creditors: amounts falling due after more than one year 6 (18,782) (25,176)
Net assets 287,999 307,568
Capital and reserves
Called up share capital 100 100
Profit and loss account 287,899 307,468
Shareholders' funds 287,999 307,568
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Monk
Director
Approved by the board on 28 November 2023
Dishley Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25.00% straight line
Computer equipment 33.33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Taxation represents the sum of tax currently payable.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2022 14,000 3,375 109,860 127,235
Additions - 457 - 457
Disposals - (332) - (332)
At 28 February 2023 14,000 3,500 109,860 127,360
Depreciation
At 1 March 2022 1,400 3,044 54,640 59,084
Charge for the year 700 257 23,561 24,518
On disposals - (111) - (111)
At 28 February 2023 2,100 3,190 78,201 83,491
Net book value
At 28 February 2023 11,900 310 31,659 43,869
At 28 February 2022 12,600 331 55,220 68,151
4 Debtors 2023 2022
£ £
Trade debtors 142,738 128,285
Other debtors 58,119 22,848
200,857 151,133
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 7,223 9,662
Trade creditors 63,120 72,426
Taxation and social security costs 35,968 (8,207)
Other creditors 3,922 2,730
110,233 76,611
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 18,782 25,176
7 Other information
Dishley Plumbing and Heating Ltd is a private company limited by shares and incorporated in England. Its registered office is:
17 Speeds Pingle
Loughborough
Leicester
LE11 5BN
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