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REGISTERED NUMBER: 09661988 (England and Wales)















Clear Choice Plumbing And Heating Ltd

Report of the Director and

Unaudited Financial Statements

for the Year Ended 28 June 2023






Clear Choice Plumbing And Heating Ltd (Registered number: 09661988)






Contents of the Financial Statements
for the Year Ended 28 June 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


Clear Choice Plumbing And Heating Ltd

Company Information
for the Year Ended 28 June 2023







DIRECTOR: J E J Davies





REGISTERED OFFICE: 126 Marlborough Road
Cardiff
CF23 5BY





REGISTERED NUMBER: 09661988 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Clear Choice Plumbing And Heating Ltd (Registered number: 09661988)

Report of the Director
for the Year Ended 28 June 2023

The director presents his report with the financial statements of the company for the year ended 28 June 2023.

DIRECTOR
J E J Davies held office during the whole of the period from 29 June 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J E J Davies - Director


10 April 2024

Clear Choice Plumbing And Heating Ltd (Registered number: 09661988)

Income Statement
for the Year Ended 28 June 2023

28.6.23 28.6.22
Notes £    £   

TURNOVER 278,223 360,514

Cost of sales 58,707 176,012
GROSS PROFIT 219,516 184,502

Administrative expenses 178,958 145,004
40,558 39,498

Other operating income 99 -
OPERATING PROFIT 4 40,657 39,498

Interest receivable and similar income 4 -
40,661 39,498

Interest payable and similar expenses 1,276 973
PROFIT BEFORE TAXATION 39,385 38,525

Tax on profit 5 9,114 -
PROFIT FOR THE FINANCIAL YEAR 30,271 38,525

Clear Choice Plumbing And Heating Ltd (Registered number: 09661988)

Balance Sheet
28 June 2023

28.6.23 28.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 17,742 22,352

CURRENT ASSETS
Stocks 85,000 16,750
Debtors 7 187,840 16,328
Cash at bank and in hand 57,708 8,954
330,548 42,032
CREDITORS
Amounts falling due within one year 8 305,424 48,797
NET CURRENT ASSETS/(LIABILITIES) 25,124 (6,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,866

15,587

CREDITORS
Amounts falling due after more than one year 9 (15,906 ) (23,334 )

PROVISIONS FOR LIABILITIES 10 (4,436 ) -
NET ASSETS/(LIABILITIES) 22,524 (7,747 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,424 (7,847 )
22,524 (7,747 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





J E J Davies - Director


Clear Choice Plumbing And Heating Ltd (Registered number: 09661988)

Statement of Changes in Equity
for the Year Ended 28 June 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 29 June 2021 100 (46,372 ) (46,272 )

Changes in equity
Total comprehensive income - 38,525 38,525
Balance at 28 June 2022 100 (7,847 ) (7,747 )

Changes in equity
Total comprehensive income - 30,271 30,271
Balance at 28 June 2023 100 22,424 22,524

Clear Choice Plumbing And Heating Ltd (Registered number: 09661988)

Notes to the Financial Statements
for the Year Ended 28 June 2023

1. STATUTORY INFORMATION

Clear Choice Plumbing And Heating Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the estimated contract costs.

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 machinery - 25% on reducing balance
Motor vehicles - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Clear Choice Plumbing And Heating Ltd (Registered number: 09661988)

Notes to the Financial Statements - continued
for the Year Ended 28 June 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

28.6.23 28.6.22
£    £   
Depreciation - owned assets 5,609 6,008

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
28.6.23 28.6.22
£    £   
Current tax:
UK corporation tax 4,678 -

Deferred tax 4,436 -
Tax on profit 9,114 -

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 29 June 2022 1,248 30,890 32,138
Additions 999 - 999
At 28 June 2023 2,247 30,890 33,137
DEPRECIATION
At 29 June 2022 780 9,006 9,786
Charge for year 138 5,471 5,609
At 28 June 2023 918 14,477 15,395
NET BOOK VALUE
At 28 June 2023 1,329 16,413 17,742
At 28 June 2022 468 21,884 22,352

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.6.23 28.6.22
£    £   
Trade debtors 144,295 4,825
Other debtors 43,545 11,503
187,840 16,328

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.6.23 28.6.22
£    £   
Bank loans and overdrafts 8,011 8,000
Trade creditors 18,306 7,941
Taxation and social security 59,363 25,568
Other creditors 219,744 7,288
305,424 48,797

Clear Choice Plumbing And Heating Ltd (Registered number: 09661988)

Notes to the Financial Statements - continued
for the Year Ended 28 June 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.6.23 28.6.22
£    £   
Bank loans 15,906 23,334

10. PROVISIONS FOR LIABILITIES
28.6.23 28.6.22
£    £   
Deferred tax 4,436 -

Deferred
tax
£   
Charge to Income Statement during year 4,436
Balance at 28 June 2023 4,436

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 June 2023 and 28 June 2022:

28.6.23 28.6.22
£    £   
J E J Davies
Balance outstanding at start of year 11,503 2,666
Amounts advanced 50,075 43,046
Amounts repaid (54,978 ) (34,209 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,600 11,503

The balance represents an interest-free loan and is repayable on demand.