Company Registration No. SC362525 (Scotland)
Park Plumbing & Heating Ltd
Unaudited accounts
for the year ended 31 July 2023
Park Plumbing & Heating Ltd
Unaudited accounts
Contents
Park Plumbing & Heating Ltd
Company Information
for the year ended 31 July 2023
Company Number
SC362525 (Scotland)
Registered Office
17 Pitheavlis Terrace
Perth
Perthshire
PH2 0JZ
United Kingdom
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
Park Plumbing & Heating Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
71,498
60,247
Inventories
110,000
120,000
Cash at bank and in hand
117,272
154,715
Creditors: amounts falling due within one year
(78,596)
(162,739)
Net current assets
231,889
230,117
Total assets less current liabilities
303,387
290,364
Creditors: amounts falling due after more than one year
(6,011)
(13,100)
Provisions for liabilities
Deferred tax
(11,447)
(11,447)
Net assets
285,929
265,817
Called up share capital
1
1
Profit and loss account
285,928
265,816
Shareholders' funds
285,929
265,817
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 December 2023 and were signed on its behalf by
Steven R Park
Director
Company Registration No. SC362525
Park Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 July 2023
Park Plumbing & Heating Ltd is a private company, limited by shares, registered in Scotland, registration number SC362525. The registered office is 17 Pitheavlis Terrace , Perth, Perthshire, PH2 0JZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% - 25% reducing balance
4
Tangible fixed assets
Plant & machinery
Charge for the year
15,624
Amounts falling due within one year
Trade debtors
65,133
105,636
Park Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,089
6,955
Trade creditors
63,378
143,717
Taxes and social security
4,879
4,001
Other creditors
1,250
1,250
Loans from directors
2,000
6,816
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
6,011
13,100
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).