2022-11-012023-10-312023-10-31false09833198MULTI FUEL HEATING AND PLUMBING 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MULTI FUEL HEATING AND PLUMBING LTD

Registered Number
09833198
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

MULTI FUEL HEATING AND PLUMBING LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

SOAR, Matthew

Registered Address

30 Tinwell Close Lower Earley
Reading
RG6 3BJ

Registered Number

09833198 (England and Wales)
MULTI FUEL HEATING AND PLUMBING LTD
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets316,04123,541
16,04123,541
Current assets
Debtors445,03468,044
Cash at bank and on hand16,16826,137
61,20294,181
Creditors amounts falling due within one year5(61,027)(64,362)
Net current assets (liabilities)17529,819
Total assets less current liabilities16,21653,360
Creditors amounts falling due after one year6(16,108)(45,921)
Provisions for liabilities8-(6,500)
Net assets108939
Capital and reserves
Called up share capital22
Profit and loss account106937
Shareholders' funds108939
The financial statements were approved and authorised for issue by the Director on 30 July 2024, and are signed on its behalf by:
SOAR, Matthew
Director
Registered Company No. 09833198
MULTI FUEL HEATING AND PLUMBING LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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 work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery15-
Vehicles254
Office Equipment-4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20232022
Average number of employees during the year23
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 November 223,33047,60063951,569
Additions-5,5001085,608
Disposals-(22,592)-(22,592)
At 31 October 233,33030,50874734,585
Depreciation and impairment
At 01 November 221,42126,12847928,028
Charge for year2868,4461968,928
On disposals-(18,412)-(18,412)
At 31 October 231,70716,16267518,544
Net book value
At 31 October 231,62314,3467216,041
At 31 October 221,90921,47216023,541
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables22,69220,849
Other debtors7,342588
Prepayments and accrued income15,00045,000
Total45,03466,437
A debit balance of £5,500 existed on the director loan account at year end. This was repaid in full by way of dividend declaration within nine months of year end.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables26,86242,570
Bank borrowings and overdrafts13,62812,690
Taxation and social security6,6003,936
Finance lease and HP contracts12,2845,156
Other creditors1,22410
Accrued liabilities and deferred income429-
Total61,02764,362
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts16,10829,605
Other creditors-16,316
Total16,10845,921
7.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts-16,316
8.Provisions for liabilities

2023

2022

££
Other provisions-6,500
Total-6,500