CMD Plumbing and Heating Limited NI644438 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is plumbing Digita Accounts Production Advanced 6.30.9574.0 true NI644438 2022-04-01 2023-03-31 NI644438 2023-03-31 NI644438 bus:OrdinaryShareClass1 2023-03-31 NI644438 bus:Original 2023-03-31 NI644438 core:CurrentFinancialInstruments 2023-03-31 NI644438 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 NI644438 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 NI644438 core:FurnitureFittingsToolsEquipment 2023-03-31 NI644438 core:MotorVehicles 2023-03-31 NI644438 core:OtherPropertyPlantEquipment 2023-03-31 NI644438 bus:SmallEntities 2022-04-01 2023-03-31 NI644438 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 NI644438 bus:FullAccounts 2022-04-01 2023-03-31 NI644438 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI644438 bus:RegisteredOffice 2022-04-01 2023-03-31 NI644438 bus:Director1 2022-04-01 2023-03-31 NI644438 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 NI644438 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI644438 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 NI644438 core:MotorVehicles 2022-04-01 2023-03-31 NI644438 core:OfficeEquipment 2022-04-01 2023-03-31 NI644438 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 NI644438 core:PlantMachinery 2022-04-01 2023-03-31 NI644438 countries:NorthernIreland 2022-04-01 2023-03-31 NI644438 2022-03-31 NI644438 core:FurnitureFittingsToolsEquipment 2022-03-31 NI644438 core:MotorVehicles 2022-03-31 NI644438 core:OtherPropertyPlantEquipment 2022-03-31 NI644438 2021-04-01 2022-03-31 NI644438 2022-03-31 NI644438 bus:OrdinaryShareClass1 2022-03-31 NI644438 core:CurrentFinancialInstruments 2022-03-31 NI644438 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 NI644438 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 NI644438 core:FurnitureFittingsToolsEquipment 2022-03-31 NI644438 core:MotorVehicles 2022-03-31 NI644438 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI644438

CMD Plumbing and Heating Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

CMD Plumbing and Heating Limited

(Registration number: NI644438)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

39,056

42,101

Current assets

 

Stocks

5

88,957

39,758

Debtors

6

73,707

88,238

Cash at bank and in hand

 

50,931

95,739

 

213,595

223,735

Creditors: Amounts falling due within one year

7

(140,562)

(124,612)

Net current assets

 

73,033

99,123

Total assets less current liabilities

 

112,089

141,224

Creditors: Amounts falling due after more than one year

7

(30,945)

(37,921)

Net assets

 

81,144

103,303

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

81,044

103,203

Shareholders' funds

 

81,144

103,303

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

CMD Plumbing and Heating Limited

(Registration number: NI644438)
Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 16 November 2023 and signed on its behalf by:
 

.........................................
Mr Colin McDonnell
Director

 

CMD Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 12 Tates Lane, Newtowncrommelin, Ballymena, Co. Antrim, BT43 6RY.

These financial statements were authorised for issue by the Board on 16 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

CMD Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% reducing balance

Office equipment

20% reducing balance

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

CMD Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2022 - 8).

 

CMD Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

964

53,120

20,100

74,184

Additions

-

16,800

-

16,800

Disposals

-

(12,600)

-

(12,600)

At 31 March 2023

964

57,320

20,100

78,384

Depreciation

At 1 April 2022

470

23,489

8,124

32,083

Charge for the year

99

7,271

2,395

9,765

Eliminated on disposal

-

(2,520)

-

(2,520)

At 31 March 2023

569

28,240

10,519

39,328

Carrying amount

At 31 March 2023

395

29,080

9,581

39,056

At 31 March 2022

494

29,631

11,976

42,101

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings.
 

5

Work in progress

2023
£

2022
£

Work in progress

88,957

39,758

6

Debtors

Current

2023
£

2022
£

Trade debtors

47,872

75,755

Other debtors

25,835

12,483

 

73,707

88,238

 

CMD Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

2023
£

2022
£

Due within one year

Loans and borrowings

14,295

14,662

Trade creditors

77,038

84,047

Taxation and social security

13,295

13,286

Accruals and deferred income

1,890

8,292

Other creditors

34,044

4,325

140,562

124,612

2023
£

2022
£

Due after one year

Loans and borrowings

30,945

37,921

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100