2022-10-01 07758799 2023-09-30 07758799 2022-10-01 2023-09-30 07758799 2022-09-30 07758799 2021-10-01 2022-09-30 07758799 uk-core:WithinOneYear 2022-09-30 07758799 uk-core:WithinOneYear 2023-09-30 07758799 uk-core:AfterOneYear 2022-09-30 07758799 uk-core:AfterOneYear 2023-09-30 07758799 uk-core:ShareCapital 2023-09-30 07758799 uk-core:ShareCapital 2022-09-30 07758799 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 07758799 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 07758799 uk-bus:Director1 2022-10-01 2023-09-30 07758799 uk-core:ToolsEquipment 2022-10-01 2023-09-30 07758799 uk-core:CommercialMotorVehicles 2022-10-01 2023-09-30 07758799 uk-core:CommercialMotorVehicles 2022-09-30 07758799 uk-core:ToolsEquipment 2022-09-30 07758799 uk-core:ToolsEquipment 2023-09-30 07758799 uk-core:CommercialMotorVehicles 2023-09-30 07758799 uk-core:WithinOneYear 2023-09-30 07758799 uk-core:WithinOneYear 2022-09-30 07758799 uk-core:AfterOneYear uk-core:Secured 2023-09-30 07758799 uk-core:AfterOneYear uk-core:Secured 2022-09-30 iso4217:GBP xbrli:pure 07758799 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 07758799 uk-bus:FRS102 2022-10-01 2023-09-30 07758799 uk-bus:FullAccounts 2022-10-01 2023-09-30 07758799 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
TOM HIGGINS GAS SERVICES LIMITED
Registered Number:07758799
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
TOM HIGGINS GAS SERVICES LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07758799
As at 30 September 2023
TOM HIGGINS GAS SERVICES LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,281
2,923
2
2,281
2,923
Current assets
Trade and other receivables
11,682
9,294
3
4,017
Cash and cash equivalents
2,267
11,561
15,699
Trade and other payables: amounts falling due within one
year
(13,498)
(10,431)
4
2,201
1,130
Net current assets
Total assets less current liabilities
3,411
5,124
Trade and other payables: amounts falling due after more
than one year
(4,207)
(2,676)
5
(433)
(555)
Provisions for liabilities
302
Net assets
362
Capital and reserves
Called up share capital
1
1
Retained earnings
301
361
302
362
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Thomas Higgins Director
These financial statements were approved and authorised for issue by the Board on 08 February 2024 and were signed by:
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4
Registered Number :
07758799
For the year ended 30 September 2023
TOM HIGGINS GAS SERVICES LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2023
TOM HIGGINS GAS SERVICES LIMITED
Notes to the Financial Statements
Statutory Information
TOM HIGGINS GAS SERVICES LIMITED is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07758799.
Registered address:
42 Corbridge Road
Sutton Coldfield
West Midlands
B73 6NW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
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.
Hire purchase and leasing commitments
Assets held under finance leases and hire purchase agreements are capitalised in the balance sheet and depreciated in accordance with the company's normal accounting policies. The interest is charged to the profit and loss account over the period of the agreement and represents a constant charge of the balance of capital repayments outstanding.
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6
For the year ended 30 September 2023
TOM HIGGINS GAS SERVICES LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 October 2022
18,784
15,291
3,493
At 30 September 2023
3,493
15,291
18,784
Provision for depreciation and impairment
At 01 October 2022
15,861
13,250
2,611
Charge for year
642
510
132
At 30 September 2023
16,503
13,760
2,743
At 30 September 2023
Net book value
750
1,531
2,281
At 30 September 2022
882
2,041
2,923
3. Trade and other receivables
2022
2023
£
£
Trade debtors
675
2,943
Prepayments and accrued income
603
649
Amounts owed by directors
8,016
8,090
11,682
9,294
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
1,732
1,772
Trade creditors
821
4,341
Taxation and social security
6,270
4,837
Accruals and deferred income
1,608
2,548
10,431
13,498
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
2,676
4,207
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For the year ended 30 September 2023
TOM HIGGINS GAS SERVICES LIMITED
Notes to the Financial Statements Continued
6. Related party transactions
The ultimate controlling party during the year was Thomas Higgins , director , whom controls the company by virtue
of owning 100% of the share capital.
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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