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Unaudited Financial Statements

for the Period 1 October 2022 to 31 December 2023

for

Kings Plumbing & Heating Limited

Kings Plumbing & Heating Limited (Registered number: 04553090)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kings Plumbing & Heating Limited

Company Information
for the Period 1 October 2022 to 31 December 2023







DIRECTORS: M J King
Mrs S King





SECRETARY: Mrs S King





REGISTERED OFFICE: 7 Kings Grove
Maidenhead
Berkshire
SL6 4DA





REGISTERED NUMBER: 04553090 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Kings Plumbing & Heating Limited (Registered number: 04553090)

Balance Sheet
31 December 2023

31.12.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,000 8,000

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 11,574 26,089
Cash at bank 8,985 -
23,059 28,589
CREDITORS
Amounts falling due within one year 6 23,436 39,378
NET CURRENT LIABILITIES (377 ) (10,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,623

(2,789

)

CREDITORS
Amounts falling due after more than one year 7 7,439 11,918
NET ASSETS/(LIABILITIES) 184 (14,707 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 84 (14,807 )
SHAREHOLDERS' FUNDS 184 (14,707 )

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

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

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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





Mrs S King - Director


Kings Plumbing & Heating Limited (Registered number: 04553090)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 December 2023

1. STATUTORY INFORMATION

Kings 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 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.

Plant and Machinery25%
Vehicles25%


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 period 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 period 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.

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 period was 2 (2022 - 4 ) .

Kings Plumbing & Heating Limited (Registered number: 04553090)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2022
and 31 December 2023 8,000 10,460 25,924 44,384
DEPRECIATION
At 1 October 2022
and 31 December 2023 - 10,460 25,924 36,384
NET BOOK VALUE
At 31 December 2023 8,000 - - 8,000
At 30 September 2022 8,000 - - 8,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.9.22
£    £   
Trade debtors 1,500 -
Other debtors 100 100
Directors' current accounts 9,974 22,974
Deferred tax asset - 3,015
11,574 26,089

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.9.22
£    £   
Bank loans and overdrafts 3,583 5,587
Trade creditors 2,798 29,143
Tax 7,291 -
Social security and other taxes 499 (131 )
VAT 7,041 2,795
Other creditors 349 484
Accrued expenses 1,875 1,500
23,436 39,378

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 30.9.22
£    £   
Bank loans - 1-2 years 3,583 3,583
Bank loans - 2-5 years 3,856 8,335
7,439 11,918

8. DEFERRED TAX
£   
Balance at 1 October 2022 (3,015 )
Provided during period 3,015
Balance at 31 December 2023 -

Kings Plumbing & Heating Limited (Registered number: 04553090)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2022 (14,807 )
Profit for the period 27,891
Dividends (13,000 )
At 31 December 2023 84

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr MJ King and Mrs S King.