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REGISTERED NUMBER: 08250700 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PHIL'S PLUMBING & HEATING LIMITED

PHIL'S PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08250700)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHIL'S PLUMBING & HEATING LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: P H Munday





REGISTERED OFFICE: Cherry Tree Cottage
Worcester Road
Grafton Flyford
Worcester
Worcestershire
WR7 4PF





REGISTERED NUMBER: 08250700 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

PHIL'S PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08250700)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,015 23,450

CURRENT ASSETS
Stocks 4,544 8,077
Debtors 5 381 1,393
Cash at bank 6,760 4,500
11,685 13,970
CREDITORS
Amounts falling due within one year 6 7,398 5,430
NET CURRENT ASSETS 4,287 8,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,302

31,990

PROVISIONS FOR LIABILITIES 3,042 4,455
NET ASSETS 17,260 27,535

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,259 27,534
SHAREHOLDERS' FUNDS 17,260 27,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

PHIL'S PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08250700)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 14 February 2024 and were signed by:





P H Munday - Director


PHIL'S PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08250700)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Phil's Plumbing & Heating 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.

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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PHIL'S PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08250700)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 4,107 30,588 - 34,695
Additions - - 549 549
At 31 October 2023 4,107 30,588 549 35,244
DEPRECIATION
At 1 November 2022 3,598 7,647 - 11,245
Charge for year 200 7,647 137 7,984
At 31 October 2023 3,798 15,294 137 19,229
NET BOOK VALUE
At 31 October 2023 309 15,294 412 16,015
At 31 October 2022 509 22,941 - 23,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 381 1,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,698 3,171
Taxation and social security 3,516 -
Other creditors 2,184 2,259
7,398 5,430

7. RELATED PARTY DISCLOSURES

At 31 October 2023 other creditors include loans made to the company by its director amounting to £460 (2022 £364). The loans are interest free with no fixed date for repayment.

8. CONTROLLING PARTY

The controlling party is P H Munday.