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REGISTERED NUMBER: 08527863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SDP PLUMBING AND HEATING LIMITED

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SDP PLUMBING AND HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S Dobson
D Dobson





REGISTERED OFFICE: 12 Field Avenue
CANTERBURY
Kent
CT1 1TP





REGISTERED NUMBER: 08527863 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,753 31,841

CURRENT ASSETS
Debtors 5 45,198 49,676
Cash at bank 28,672 69,063
73,870 118,739
CREDITORS
Amounts falling due within one year 6 113,578 87,541
NET CURRENT (LIABILITIES)/ASSETS (39,708 ) 31,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,045

63,039

CREDITORS
Amounts falling due after more than one
year

7

(29,752

)

(51,370

)

PROVISIONS FOR LIABILITIES (2,554 ) (8,438 )
NET (LIABILITIES)/ASSETS (261 ) 3,231

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (263 ) 3,229
SHAREHOLDERS' FUNDS (261 ) 3,231

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





D Dobson - Director


SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

SDP Plumbing And 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Short leasehold - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2022 - 10,369 -
Additions 59,500 526 525
At 31 March 2023 59,500 10,895 525
DEPRECIATION
At 1 April 2022 - 5,123 -
Charge for year 1,190 2,179 148
At 31 March 2023 1,190 7,302 148
NET BOOK VALUE
At 31 March 2023 58,310 3,593 377
At 31 March 2022 - 5,246 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 98,389 15,974 124,732
Additions - 133 60,684
At 31 March 2023 98,389 16,107 185,416
DEPRECIATION
At 1 April 2022 77,211 10,557 92,891
Charge for year 12,411 4,844 20,772
At 31 March 2023 89,622 15,401 113,663
NET BOOK VALUE
At 31 March 2023 8,767 706 71,753
At 31 March 2022 21,178 5,417 31,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,469 25,779
Other debtors 500 500
Directors' current accounts 8,529 19,689
VAT 7,700 3,708
45,198 49,676

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,600 9,600
Hire purchase contracts (see note 8) 11,518 11,898
Trade creditors 18,199 36,627
Tax 7,003 13,559
Social security and other taxes 3,273 2,466
Other creditors 45,569 13,391
Directors' current accounts 18,416 -
113,578 87,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,600 9,600
Bank loans - 2-5 years 11,200 20,800
Hire purchase contracts (see note 8) 8,952 20,970
29,752 51,370

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 11,518 11,898
Between one and five years 8,952 20,970
20,470 32,868

Non-cancellable operating leases
2023 2022
£    £   
Within one year 6,110 8,469
Between one and five years 37,794 43,903
43,904 52,372

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 20,470 32,868

Hire purchase contracts and leases are secured on the related assets.

The Bounce Back Loan of £40,000 (2021: £48,000) is 100% guaranteed by the government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

11. GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the company continues to receive the support of its directors and bank.