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REGISTERED NUMBER: 05933062 (England and Wales)














Financial Statements for the Year Ended 31 October 2023

for

Chigwell Plumbers Ltd

Chigwell Plumbers Ltd (Registered number: 05933062)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Chigwell Plumbers Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr H J Walker





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 05933062 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Chigwell Plumbers Ltd (Registered number: 05933062)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,400 -
Property, plant and equipment 5 3,314 3,887
9,714 3,887

CURRENT ASSETS
Inventories 1,500 1,500
Debtors 6 6,621 22,834
Cash at bank 236 3,152
8,357 27,486
CREDITORS
Amounts falling due within one year 7 8,813 11,523
NET CURRENT (LIABILITIES)/ASSETS (456 ) 15,963
TOTAL ASSETS LESS CURRENT LIABILITIES 9,258 19,850

CREDITORS
Amounts falling due after more than one
year

8

-

10,207
NET ASSETS 9,258 9,643

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,256 9,641
SHAREHOLDERS' FUNDS 9,258 9,643

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

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

Chigwell Plumbers Ltd (Registered number: 05933062)

Statement of Financial Position - continued
31 October 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 19 July 2024 and were signed by:





Mr H Walker - Director


Chigwell Plumbers Ltd (Registered number: 05933062)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Chigwell Plumbers 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 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 statement of financial position date.

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 1 (2022 - 1 ) .

Chigwell Plumbers Ltd (Registered number: 05933062)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 8,000
At 31 October 2023 8,000
AMORTISATION
Amortisation for year 1,600
At 31 October 2023 1,600
NET BOOK VALUE
At 31 October 2023 6,400

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 3,218 19,150 1,610 23,978
Additions 110 - 381 491
At 31 October 2023 3,328 19,150 1,991 24,469
DEPRECIATION
At 1 November 2022 3,031 15,741 1,319 20,091
Charge for year 44 852 168 1,064
At 31 October 2023 3,075 16,593 1,487 21,155
NET BOOK VALUE
At 31 October 2023 253 2,557 504 3,314
At 31 October 2022 187 3,409 291 3,887

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 5,514 13,727
Other debtors 1,107 9,107
6,621 22,834

Chigwell Plumbers Ltd (Registered number: 05933062)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 5,780
Trade creditors - 417
Taxation and social security 5,160 3,900
Other creditors 3,653 1,426
8,813 11,523

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 10,207

9. RELATED PARTY DISCLOSURES

The Director Mr H Walker is considered to be the key management personnel.