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REGISTERED NUMBER: 10204244 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

FINDLAY HEATING & PLUMBING LIMITED

FINDLAY HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 10204244)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FINDLAY HEATING & PLUMBING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: E R Findlay
Mrs D Findlay





REGISTERED OFFICE: 7 Vicarage Street
o
Frome
Somerset
BA11 1PX





REGISTERED NUMBER: 10204244 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

FINDLAY HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 10204244)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,365 31,689

CURRENT ASSETS
Stocks 9,323 7,328
Debtors 5 22,647 49,552
Cash at bank 5,249 24,769
37,219 81,649
CREDITORS
Amounts falling due within one year 6 35,483 43,060
NET CURRENT ASSETS 1,736 38,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,101

70,278

CREDITORS
Amounts falling due after more than one
year

7

70,039

69,806
NET (LIABILITIES)/ASSETS (37,938 ) 472

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (38,038 ) 372
9 (37,938 ) 472

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 10 October 2023 and were signed on its behalf by:





E R Findlay - Director


FINDLAY HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 10204244)

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

1. STATUTORY INFORMATION

Findlay Heating & Plumbing 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.

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 etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 4 ) .

FINDLAY HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 10204244)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 40,657
Additions 5,040
At 31 May 2023 45,697
DEPRECIATION
At 1 June 2022 8,968
Charge for year 6,364
At 31 May 2023 15,332
NET BOOK VALUE
At 31 May 2023 30,365
At 31 May 2022 31,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 4,274
Other debtors 22,647 45,278
22,647 49,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,724 15,025
Hire purchase contracts 3,925 3,925
Trade creditors 4,654 19,754
Taxation and social security 5,388 2,856
Other creditors 2,792 1,500
35,483 43,060

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 52,006 47,848
Hire purchase contracts 18,033 21,958
70,039 69,806

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A total of £12,258 was owed by the directors at the year end.

FINDLAY HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 10204244)

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

9. RECONCILIATION OF MOVEMENTS IN RESERVES
2023 2022
£    £   
Profit for the financial year 590 22,617
Dividends (39,000 ) (21,500 )
Net (reduction)/addition to reserves (38,410 ) 1,117
Opening reserves 472 (645 )
Closing reserves (37,938 ) 472