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REGISTERED NUMBER: SC527014 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Alan Kirk Plumbing & Heating Ltd

Alan Kirk Plumbing & Heating Ltd (Registered number: SC527014)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Alan Kirk Plumbing & Heating Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTOR: A W Kirk





REGISTERED OFFICE: High Mainshead Farm
Terregles
Dumfries
DUMFRIESSHIRE
DG2 9TH





REGISTERED NUMBER: SC527014 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Alan Kirk Plumbing & Heating Ltd (Registered number: SC527014)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 91,080 187,000
91,080 187,000

CURRENT ASSETS
Stocks 27,495 500
Debtors 6 26,788 31,894
Cash at bank 85,617 2,818
139,900 35,212
CREDITORS
Amounts falling due within one year 7 (15,393 ) (25,289 )
NET CURRENT ASSETS 124,507 9,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,587

196,923

CREDITORS
Amounts falling due after more than one year 8 (46,233 ) (20,901 )

PROVISIONS FOR LIABILITIES (14,018 ) (5,882 )
NET ASSETS 155,336 170,140

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 155,335 170,139
SHAREHOLDERS' FUNDS 155,336 170,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd January 2024 and were signed by:




A W Kirk - Director


Alan Kirk Plumbing & Heating Ltd (Registered number: SC527014)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Alan Kirk 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 net invoiced sales from plumbing and heating services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

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 Statement of Income and Retained Earnings, 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.

Alan Kirk Plumbing & Heating Ltd (Registered number: SC527014)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 11,000
AMORTISATION
At 1st April 2022
and 31st March 2023 11,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

Alan Kirk Plumbing & Heating Ltd (Registered number: SC527014)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 156,040 64,265 220,305
Additions 2,300 66,884 69,184
Disposals (141,040 ) (15,215 ) (156,255 )
At 31st March 2023 17,300 115,934 133,234
DEPRECIATION
At 1st April 2022 - 33,305 33,305
Charge for year - 20,454 20,454
Eliminated on disposal - (11,605 ) (11,605 )
At 31st March 2023 - 42,154 42,154
NET BOOK VALUE
At 31st March 2023 17,300 73,780 91,080
At 31st March 2022 156,040 30,960 187,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,446 23,207
Other debtors 12,342 8,687
26,788 31,894

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,787 5,787
Hire purchase contracts 5,905 -
Trade creditors 1,492 5,094
Taxation and social security - 12,157
Other creditors 2,209 2,251
15,393 25,289

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,114 20,901
Hire purchase contracts 31,119 -
46,233 20,901

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 (2022 - £26,000) were paid to the director .

The company operates a director's current account. As at 31st March 2023 the company owed the sum of £410 (2022 - £451). This sum is interest free and repayable on demand.