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REGISTERED NUMBER: SC354310 (Scotland)















COMFORT SYSTEMS PLUMBING & HEATING LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023






COMFORT SYSTEMS PLUMBING & HEATING LTD (REGISTERED NUMBER: SC354310)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMFORT SYSTEMS PLUMBING & HEATING LTD

COMPANY INFORMATION
For The Year Ended 28 February 2023







DIRECTORS: N F Doris
G P Fitzpatrick





REGISTERED OFFICE: 2 South Wardpark Court
Cumbernauld
Glasgow
G67 3EH





REGISTERED NUMBER: SC354310 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

COMFORT SYSTEMS PLUMBING & HEATING LTD (REGISTERED NUMBER: SC354310)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,283 186,003

CURRENT ASSETS
Stocks 72,918 70,917
Debtors 5 764,922 851,412
Cash at bank and in hand 347,507 299,433
1,185,347 1,221,762
CREDITORS
Amounts falling due within one year 6 499,854 625,078
NET CURRENT ASSETS 685,493 596,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,776

782,687

CREDITORS
Amounts falling due after more than one
year

7

(1,920

)

(8,383

)

PROVISIONS FOR LIABILITIES (57,732 ) (46,185 )
NET ASSETS 858,124 728,119

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 858,120 728,115
SHAREHOLDERS' FUNDS 858,124 728,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

COMFORT SYSTEMS PLUMBING & HEATING LTD (REGISTERED NUMBER: SC354310)

BALANCE SHEET - continued
28 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




N F Doris - Director



G P Fitzpatrick - Director


COMFORT SYSTEMS PLUMBING & HEATING LTD (REGISTERED NUMBER: SC354310)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023


1. STATUTORY INFORMATION

Comfort Systems Plumbing & Heating Ltd is a private company, limited by shares , registered in Scotland. 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 represents sales of goods and services provided in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each assets over its estimated useful life:

Plant and vehicles - 25% reducing balance, 33% on cost

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the estimated useful life of the assets to which they relate.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees and makes pension contributions to the personal pension schemes of the company's directors. Contributions payable to these pension schemes are charged to profit or loss in the period to which they relate.

COMFORT SYSTEMS PLUMBING & HEATING LTD (REGISTERED NUMBER: SC354310)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet. These assets are initially recognised at transaction price and are depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period using the effective interest rate method. The capital element of future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 36 ) .

4. TANGIBLE FIXED ASSETS
Plant and
vehicles
£   
COST
At 1 March 2022 367,877
Additions 112,290
Disposals (49,048 )
At 28 February 2023 431,119
DEPRECIATION
At 1 March 2022 181,874
Charge for year 52,804
Eliminated on disposal (35,842 )
At 28 February 2023 198,836
NET BOOK VALUE
At 28 February 2023 232,283
At 28 February 2022 186,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 609,201 724,050
Other debtors 73,704 71,315
Directors' loan accounts 25,474 -
Tax recoverable 56,543 56,047
764,922 851,412

COMFORT SYSTEMS PLUMBING & HEATING LTD (REGISTERED NUMBER: SC354310)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 348,116 388,098
Taxation and social security 112,181 123,357
Hire purchase 6,463 25,648
Directors' loan accounts - 68,600
Other creditors 33,094 19,375
499,854 625,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase 1,920 8,383

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase 8,382 34,031

Hire purchase creditors have security over related assets.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company had provided the company's directors with interest free loans totalling £25,474 (2022, £0). There are no fixed repayment terms for these loans.

10. RELATED PARTY DISCLOSURES

At 28 February 2022 the company's directors had provided the company with interest free loans of £68,600, which were repaid during the year. There were no fixed repayment terms for these loans.