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REGISTERED NUMBER: 02465067 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2023

for

P. C. Kelly Plumbing & Heating
(Rotherham) Limited

P. C. Kelly Plumbing & Heating
(Rotherham) Limited (Registered number: 02465067)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P. C. Kelly Plumbing & Heating
(Rotherham) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: R P Kelly





REGISTERED OFFICE: Unit 6 Brookside Court
Scrooby Lane
Parkgate
Rotherham
South Yorkshire
S62 6NX





REGISTERED NUMBER: 02465067 (England and Wales)

P. C. Kelly Plumbing & Heating
(Rotherham) Limited (Registered number: 02465067)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,703 68,526

CURRENT ASSETS
Stocks 39,974 35,029
Debtors 5 244,930 170,305
Cash at bank and in hand 14,674 14,829
299,578 220,163
CREDITORS
Amounts falling due within one year 6 270,035 176,284
NET CURRENT ASSETS 29,543 43,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,246

112,405

CREDITORS
Amounts falling due after more than one
year

7

(37,082

)

(57,643

)

PROVISIONS FOR LIABILITIES (10,667 ) (10,060 )
NET ASSETS 45,497 44,702

CAPITAL AND RESERVES
Called up share capital 1,750 1,750
Retained earnings 43,747 42,952
SHAREHOLDERS' FUNDS 45,497 44,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P. C. Kelly Plumbing & Heating
(Rotherham) Limited (Registered number: 02465067)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





R P Kelly - Director


P. C. Kelly Plumbing & Heating
(Rotherham) Limited (Registered number: 02465067)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

P. C. Kelly Plumbing & Heating (Rotherham) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

P. C. Kelly Plumbing & Heating
(Rotherham) Limited (Registered number: 02465067)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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 makes employer pension contributions in accordance with auto enrolment legislation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 259,388
Additions 20,257
Disposals (3,120 )
At 30 June 2023 276,525
DEPRECIATION
At 1 July 2022 190,862
Charge for year 22,220
Eliminated on disposal (260 )
At 30 June 2023 212,822
NET BOOK VALUE
At 30 June 2023 63,703
At 30 June 2022 68,526

P. C. Kelly Plumbing & Heating
(Rotherham) Limited (Registered number: 02465067)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 76,626
Additions 14,400
Transfer to ownership (16,721 )
At 30 June 2023 74,305
DEPRECIATION
At 1 July 2022 40,937
Charge for year 12,523
Transfer to ownership (10,990 )
At 30 June 2023 42,470
NET BOOK VALUE
At 30 June 2023 31,835
At 30 June 2022 35,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 150,013 93,918
Amounts owed by group undertakings 51,257 23,047
Other debtors 43,660 53,340
244,930 170,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,926 15,926
Hire purchase contracts and finance leases 12,213 9,085
Trade creditors 219,093 129,118
Taxation and social security 17,990 17,626
Other creditors 4,813 4,529
270,035 176,284

P. C. Kelly Plumbing & Heating
(Rotherham) Limited (Registered number: 02465067)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,926 31,852
Hire purchase contracts and finance leases 21,156 25,791
37,082 57,643

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 33,369 34,876

HSBC UK Bank PLC

Charge registered 8th June 2021.

Being a fixed and floating charge over all assets.

9. RELATED PARTY DISCLOSURES

PCK Plumbing & Heating Ltd (Parent company)

A company in which Mr R and Mr D Kelly are shareholders.

Monies were loaned on an interest free basis between the companies.

At 30th June 2023: £51,257 (Debtor).

At 30th June 2022: £23,047 (Debtor).

10. ULTIMATE CONTROLLING PARTY

The company is controlled by PCK Plumbing & Heating Ltd (Company no: 09527387).