Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 04492199 Mr Philip Gregory Mrs Angela Gregory Mr Douglas Hawkins Mr Ian Pratt Mrs Angela Gregory iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04492199 2022-07-31 04492199 2023-07-31 04492199 2022-08-01 2023-07-31 04492199 frs-core:CurrentFinancialInstruments 2023-07-31 04492199 frs-core:FurnitureFittings 2023-07-31 04492199 frs-core:FurnitureFittings 2022-08-01 2023-07-31 04492199 frs-core:FurnitureFittings 2022-07-31 04492199 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 04492199 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04492199 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 04492199 frs-core:MotorVehicles 2023-07-31 04492199 frs-core:MotorVehicles 2022-08-01 2023-07-31 04492199 frs-core:MotorVehicles 2022-07-31 04492199 frs-core:ShareCapital 2023-07-31 04492199 frs-core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 04492199 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04492199 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04492199 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 04492199 frs-bus:SmallEntities 2022-08-01 2023-07-31 04492199 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04492199 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04492199 frs-bus:Director1 2022-08-01 2023-07-31 04492199 frs-bus:Director2 2022-08-01 2023-07-31 04492199 frs-bus:Director3 2022-08-01 2023-07-31 04492199 frs-bus:Director4 2022-08-01 2023-07-31 04492199 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 04492199 frs-countries:EnglandWales 2022-08-01 2023-07-31 04492199 2021-07-31 04492199 2022-07-31 04492199 2021-08-01 2022-07-31 04492199 frs-core:CurrentFinancialInstruments 2022-07-31 04492199 frs-core:ShareCapital 2021-07-31 04492199 frs-core:ShareCapital 2022-07-31 04492199 frs-core:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 04492199 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-07-31 04492199 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 04492199
Town And Country Plumbing And Heating Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 04492199
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 496,836 141,579
496,836 141,579
CURRENT ASSETS
Stocks 5 64,387 59,966
Debtors 6 146,751 136,180
Cash at bank and in hand 8,786 38,699
219,924 234,845
Creditors: Amounts Falling Due Within One Year 7 (538,080 ) (240,151 )
NET CURRENT ASSETS (LIABILITIES) (318,156 ) (5,306 )
TOTAL ASSETS LESS CURRENT LIABILITIES 178,680 136,273
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,654 ) (17,654 )
NET ASSETS 161,026 118,619
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 160,026 117,619
SHAREHOLDERS' FUNDS 161,026 118,619
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 12 April 2024 and were signed on its behalf by:
Mr Philip Gregory
Director
12th April 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 August 2021 1,000 27,013 28,013
Profit for the year and total comprehensive income - 238,606 238,606
Dividends paid - (148,000) (148,000)
As at 31 July 2022 and 1 August 2022 1,000 117,619 118,619
Profit for the year and total comprehensive income - 190,407 190,407
Dividends paid - (148,000) (148,000)
As at 31 July 2023 1,000 160,026 161,026
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Town And Country Plumbing And Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04492199 . The registered office is 11b Boundary Road, Brackley, Northants, NN13 7ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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 work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold no depreciation
Motor Vehicles 20% per annum reducing balance basis
Fixtures & Fittings 15% per annum reducing balance basis
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2022: 26)
25 26
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2022 - 454,018 18,740 472,758
Additions 380,781 - 3,034 383,815
As at 31 July 2023 380,781 454,018 21,774 856,573
Depreciation
As at 1 August 2022 - 316,706 14,473 331,179
Provided during the period - 27,462 1,096 28,558
As at 31 July 2023 - 344,168 15,569 359,737
Net Book Value
As at 31 July 2023 380,781 109,850 6,205 496,836
As at 1 August 2022 - 137,312 4,267 141,579
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5. Stocks
2023 2022
£ £
Materials 6,608 14,708
Work in progress 57,779 45,258
64,387 59,966
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 113,958 136,180
Other debtors 32,793 -
146,751 136,180
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 187,833 124,171
Other loans 269,552 37,577
Corporation tax 58,036 45,192
Other taxes and social security 14,898 12,710
VAT - 12,846
Other creditors 7,761 7,655
538,080 240,151
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 6