Silverfin false false 30/09/2023 01/04/2022 30/09/2023 Mr J D Douglas 03/02/2014 11 March 2024 The principal activity of the Company is that of the provision of plumbing and heating services.

The company ceased trading on 31 March 2023 and it is the intention of the director to wind up the company.
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Company No: SC468888 (Scotland)

JOHN DOUGLAS PLUMBING AND HEATING (PERTHSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 APRIL 2022 TO 30 SEPTEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

JOHN DOUGLAS PLUMBING AND HEATING (PERTHSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2022 TO 30 SEPTEMBER 2023

Contents

JOHN DOUGLAS PLUMBING AND HEATING (PERTHSHIRE) LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2023
JOHN DOUGLAS PLUMBING AND HEATING (PERTHSHIRE) LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2023
Note 30.09.2023 31.03.2022
£ £
Current assets
Stocks 5 0 700
Debtors 6 0 5,777
Cash at bank and in hand 7 9,642 7,452
9,642 13,929
Creditors: amounts falling due within one year 8 ( 22,249) ( 31,195)
Net current liabilities (12,607) (17,266)
Total assets less current liabilities (12,607) (17,266)
Net liabilities ( 12,607) ( 17,266)
Capital and reserves
Called-up share capital 9 1 1
Profit and loss account ( 12,608 ) ( 17,267 )
Total shareholder's deficit ( 12,607) ( 17,266)

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of John Douglas Plumbing and Heating (Perthshire) Limited (registered number: SC468888) were approved and authorised for issue by the Director on 11 March 2024. They were signed on its behalf by:

Mr J D Douglas
Director
JOHN DOUGLAS PLUMBING AND HEATING (PERTHSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2022 TO 30 SEPTEMBER 2023
JOHN DOUGLAS PLUMBING AND HEATING (PERTHSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2022 TO 30 SEPTEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

John Douglas Plumbing and Heating (Perthshire) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Imphal, Academy Road, Crieff, PH7 4AT, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

As required by FRS102, the director has prepared the financial statements on the basis that the company is no longer a going concern. No adjustments arose as a result of ceasing to apply the going concern basis.

Reporting period length

The financial statements have been prepared for the 18 month period from 1 April 2022 to 30 September 2023. The comparative financial statements were prepared for the year to 31 March 2022. As such, the two periods are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue is recognised when the company has entitlement to the income in exchange for the provision of services.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2. Employees

Period from
01.04.2022 to
30.09.2023
Year ended
31.03.2022
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 10,000 10,000
Disposals ( 10,000) ( 10,000)
At 30 September 2023 0 0
Accumulated amortisation
At 01 April 2022 10,000 10,000
Disposals ( 10,000) ( 10,000)
At 30 September 2023 0 0
Net book value
At 30 September 2023 0 0
At 31 March 2022 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 27,594 27,594
Disposals ( 27,594) ( 27,594)
At 30 September 2023 0 0
Accumulated depreciation
At 01 April 2022 27,594 27,594
Disposals ( 27,594) ( 27,594)
At 30 September 2023 0 0
Net book value
At 30 September 2023 0 0
At 31 March 2022 0 0

5. Stocks

30.09.2023 31.03.2022
£ £
Stocks 0 700

6. Debtors

30.09.2023 31.03.2022
£ £
Trade debtors 0 5,361
Other debtors 0 416
0 5,777

7. Cash and cash equivalents

30.09.2023 31.03.2022
£ £
Cash at bank and in hand 9,642 7,452

8. Creditors: amounts falling due within one year

30.09.2023 31.03.2022
£ £
Trade creditors 0 2,093
Other taxation and social security 0 1,495
Other creditors 22,249 27,607
22,249 31,195

9. Called-up share capital

30.09.2023 31.03.2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

10. Related party transactions

Transactions with the entity’s director (or members of its governing body)

Amounts owed to director

30.09.2023 31.03.2022
£ £
Directors current account 20,210 23,984

The loan is interest free, unsecured and has no fixed terms of repayment.

11. Events after the Balance Sheet date

The company ceased trading on 31 March 2023 and it is the intention of the director to wind up the company.