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REGISTERED NUMBER: 04537921 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MTR PLUMBING &
HEATING LIMITED

MTR PLUMBING &
HEATING LIMITED (REGISTERED NUMBER: 04537921)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MTR PLUMBING &
HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: M T Raggett
T J Raggett





SECRETARY: T J Raggett





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 04537921 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

MTR PLUMBING &
HEATING LIMITED (REGISTERED NUMBER: 04537921)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,229 12,262

CURRENT ASSETS
Debtors 5 618 1,468
Cash at bank 73,201 72,887
73,819 74,355
CREDITORS
Amounts falling due within one year 6 51,590 59,285
NET CURRENT ASSETS 22,229 15,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,458

27,332

CREDITORS
Amounts falling due after more than one
year

7

(10,093

)

(14,057

)

PROVISIONS FOR LIABILITIES (2,307 ) (3,066 )
NET ASSETS 19,058 10,209

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,056 10,207
SHAREHOLDERS' FUNDS 19,058 10,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

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 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.

MTR PLUMBING &
HEATING LIMITED (REGISTERED NUMBER: 04537921)

BALANCE SHEET - continued
30 SEPTEMBER 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.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by:





M T Raggett - Director


MTR PLUMBING &
HEATING LIMITED (REGISTERED NUMBER: 04537921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

MTR 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.

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 represents work done during the year, exclusive of Value Added Tax.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

MTR PLUMBING &
HEATING LIMITED (REGISTERED NUMBER: 04537921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 4,083 9,885 27,521 41,489
DEPRECIATION
At 1 October 2022 4,083 9,234 15,910 29,227
Charge for year - 130 2,903 3,033
At 30 September 2023 4,083 9,364 18,813 32,260
NET BOOK VALUE
At 30 September 2023 - 521 8,708 9,229
At 30 September 2022 - 651 11,611 12,262

MTR PLUMBING &
HEATING LIMITED (REGISTERED NUMBER: 04537921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022
and 30 September 2023 27,521
DEPRECIATION
At 1 October 2022 15,910
Charge for year 2,903
At 30 September 2023 18,813
NET BOOK VALUE
At 30 September 2023 8,708
At 30 September 2022 11,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 618 1,008
Other debtors - 460
618 1,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,592 1,553
Hire purchase contracts 2,372 5,693
Trade creditors 7,098 11,477
Taxation and social security 16,048 16,775
Other creditors 24,480 23,787
51,590 59,285

MTR PLUMBING &
HEATING LIMITED (REGISTERED NUMBER: 04537921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 10,093 11,685
Hire purchase contracts - 2,372
10,093 14,057

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,313 5,072

8. RELATED PARTY DISCLOSURES

The company has received loans from its directors amounting to £22,605 (2022 £21,987). No fixed terms of repayment or interest have been agreed on these loans.