REGISTERED NUMBER: |
Clear Choice Plumbing And Heating Ltd |
Report of the Director and |
Unaudited Financial Statements |
for the Year Ended 28 June 2023 |
REGISTERED NUMBER: |
Clear Choice Plumbing And Heating Ltd |
Report of the Director and |
Unaudited Financial Statements |
for the Year Ended 28 June 2023 |
Clear Choice Plumbing And Heating Ltd (Registered number: 09661988) |
Contents of the Financial Statements |
for the Year Ended 28 June 2023 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Statement of Changes in Equity | 5 |
Notes to the Financial Statements | 6 |
Clear Choice Plumbing And Heating Ltd |
Company Information |
for the Year Ended 28 June 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants & Business Advisors |
Highdale House |
7 Centre Court |
Treforest Industrial Estate |
Pontypridd |
Rhondda Cynon Taff |
CF37 5YR |
Clear Choice Plumbing And Heating Ltd (Registered number: 09661988) |
Report of the Director |
for the Year Ended 28 June 2023 |
The director presents his report with the financial statements of the company for the year ended 28 June 2023. |
DIRECTOR |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Clear Choice Plumbing And Heating Ltd (Registered number: 09661988) |
Income Statement |
for the Year Ended 28 June 2023 |
28.6.23 | 28.6.22 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
40,558 | 39,498 |
Other operating income |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
40,661 | 39,498 |
Interest payable and similar expenses |
PROFIT BEFORE TAXATION |
Tax on profit | 5 |
PROFIT FOR THE FINANCIAL YEAR |
Clear Choice Plumbing And Heating Ltd (Registered number: 09661988) |
Balance Sheet |
28 June 2023 |
28.6.23 | 28.6.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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 were approved by the director and authorised for issue on |
Clear Choice Plumbing And Heating Ltd (Registered number: 09661988) |
Statement of Changes in Equity |
for the Year Ended 28 June 2023 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Balance at 29 June 2021 | ( |
) | ( |
) |
Changes in equity |
Total comprehensive income | - |
Balance at 28 June 2022 | ( |
) | ( |
) |
Changes in equity |
Total comprehensive income | - |
Balance at 28 June 2023 |
Clear Choice Plumbing And Heating Ltd (Registered number: 09661988) |
Notes to the Financial Statements |
for the Year Ended 28 June 2023 |
1. | STATUTORY INFORMATION |
Clear Choice Plumbing And Heating Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the estimated contract costs. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
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 |
Clear Choice Plumbing And Heating Ltd (Registered number: 09661988) |
Notes to the Financial Statements - continued |
for the Year Ended 28 June 2023 |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
28.6.23 | 28.6.22 |
£ | £ |
Depreciation - owned assets |
5. | TAXATION |
Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
28.6.23 | 28.6.22 |
£ | £ |
Current tax: |
UK corporation tax |
Deferred tax |
Tax on profit |
6. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 29 June 2022 |
Additions |
At 28 June 2023 |
DEPRECIATION |
At 29 June 2022 |
Charge for year |
At 28 June 2023 |
NET BOOK VALUE |
At 28 June 2023 |
At 28 June 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.6.23 | 28.6.22 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.6.23 | 28.6.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
Clear Choice Plumbing And Heating Ltd (Registered number: 09661988) |
Notes to the Financial Statements - continued |
for the Year Ended 28 June 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.6.23 | 28.6.22 |
£ | £ |
Bank loans |
10. | PROVISIONS FOR LIABILITIES |
28.6.23 | 28.6.22 |
£ | £ |
Deferred tax | 4,436 | - |
Deferred |
tax |
£ |
Charge to Income Statement during year |
Balance at 28 June 2023 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 28 June 2023 and 28 June 2022: |
28.6.23 | 28.6.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The balance represents an interest-free loan and is repayable on demand. |