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REGISTERED NUMBER: 06619879 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Michael Chapman Plumbing & Heating
Limited

Michael Chapman Plumbing & Heating
Limited (Registered number: 06619879)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 5

Chartered Accountants' Report 9

Michael Chapman Plumbing & Heating
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M E Chapman
Mrs J C Chapman





SECRETARY: Mrs J C Chapman





REGISTERED OFFICE: 68 Falcon Road
Bingley
West Yorkshire
BD16 4DW





REGISTERED NUMBER: 06619879 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Michael Chapman Plumbing & Heating
Limited (Registered number: 06619879)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 7,181 9,671
7,181 9,671

CURRENT ASSETS
Stocks 200 200
Debtors 7 20,434 17,309
Cash at bank 1 8,224
20,635 25,733
CREDITORS
Amounts falling due within one year 8 (18,109 ) (17,745 )
NET CURRENT ASSETS 2,526 7,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,707

17,659

CREDITORS
Amounts falling due after more than one
year

9

(8,237

)

(11,991

)

PROVISIONS FOR LIABILITIES (1,364 ) (1,838 )
NET ASSETS 106 3,830

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 3,730
SHAREHOLDERS' FUNDS 106 3,830

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

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

Michael Chapman Plumbing & Heating
Limited (Registered number: 06619879)

Statement of Financial Position - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

Michael Chapman Plumbing & Heating
Limited (Registered number: 06619879)

Statement of Financial Position - continued
31 July 2023



The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by:





M E Chapman - Director


Michael Chapman Plumbing & Heating
Limited (Registered number: 06619879)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Michael Chapman Plumbing & 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.


Michael Chapman Plumbing & Heating
Limited (Registered number: 06619879)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 20,000
AMORTISATION
At 1 August 2022
and 31 July 2023 20,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Michael Chapman Plumbing & Heating
Limited (Registered number: 06619879)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 283 12,723 303 13,309
DEPRECIATION
At 1 August 2022 257 3,181 200 3,638
Charge for year 5 2,385 100 2,490
At 31 July 2023 262 5,566 300 6,128
NET BOOK VALUE
At 31 July 2023 21 7,157 3 7,181
At 31 July 2022 26 9,542 103 9,671

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 12,723
DEPRECIATION
At 1 August 2022 3,181
Charge for year 2,385
At 31 July 2023 5,566
NET BOOK VALUE
At 31 July 2023 7,157
At 31 July 2022 9,542

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,533 116
Other debtors 3,845 4,427
Directors' current accounts 14,056 12,766
20,434 17,309

Michael Chapman Plumbing & Heating
Limited (Registered number: 06619879)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 3,934 2,000
Hire purchase contracts 1,753 1,753
Trade creditors 4,213 3,276
Tax 3,471 4,111
Social security and other taxes 736 1,805
Accrued expenses 1,302 1,200
Deferred government grants 2,700 3,600
18,109 17,745

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 2,000 4,000
Hire purchase contracts 4,237 5,991
8,237 11,991

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
M E Chapman
Balance outstanding at start of year 12,766 12,801
Amounts advanced 31,190 36,851
Amounts repaid (29,900 ) (36,886 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,056 12,766

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Michael Chapman Plumbing & Heating
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michael Chapman Plumbing & Heating Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Michael Chapman Plumbing & Heating Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Michael Chapman Plumbing & Heating Limited and state those matters that we have agreed to state to the Board of Directors of Michael Chapman Plumbing & Heating Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Michael Chapman Plumbing & Heating Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Michael Chapman Plumbing & Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Michael Chapman Plumbing & Heating Limited. You consider that Michael Chapman Plumbing & Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Michael Chapman Plumbing & Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


11 January 2024