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REGISTERED NUMBER: 11082544 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Serdica Plumbing Ltd

Serdica Plumbing Ltd (Registered number: 11082544)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Serdica Plumbing Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: T Georgiev





REGISTERED OFFICE: 59 Tattershall Drive
Hemel Hempstead
Hertfordshire
HP2 7QG





REGISTERED NUMBER: 11082544 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

Serdica Plumbing Ltd (Registered number: 11082544)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,222 7,000

CURRENT ASSETS
Stocks - 3,600
Debtors 5 42,623 37,697
Cash at bank 26,468 10,531
69,091 51,828
CREDITORS
Amounts falling due within one year 6 68,647 51,748
NET CURRENT ASSETS 444 80
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,666

7,080

CREDITORS
Amounts falling due after more than one
year

7

3,460

6,198
NET ASSETS 4,206 882

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,205 881
SHAREHOLDERS' FUNDS 4,206 882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Serdica Plumbing Ltd (Registered number: 11082544)

Balance Sheet - continued
30 November 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 3 April 2024 and were signed by:





T Georgiev - Director


Serdica Plumbing Ltd (Registered number: 11082544)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Serdica Plumbing Ltd 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
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 ) .

Serdica Plumbing Ltd (Registered number: 11082544)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 11,942 1,998 13,940
Additions 3,939 - 3,939
At 30 November 2023 15,881 1,998 17,879
DEPRECIATION
At 1 December 2022 5,812 1,128 6,940
Charge for year 3,052 665 3,717
At 30 November 2023 8,864 1,793 10,657
NET BOOK VALUE
At 30 November 2023 7,017 205 7,222
At 30 November 2022 6,130 870 7,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 23,288 24,304
Other debtors 19,335 13,393
42,623 37,697

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 1,400 1,400
Hire purchase contracts 1,338 1,150
Trade creditors 260 240
Taxation and social security 9,970 6,549
Other creditors 55,679 42,409
68,647 51,748

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 2,333 3,733
Hire purchase contracts 1,127 2,465
3,460 6,198

8. RELATED PARTY DISCLOSURES

Dividends are paid to the director, Mr T Georgiev by virtue of his shareholding in the company.

Serdica Plumbing Ltd (Registered number: 11082544)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T Georgiev.