0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13015897 2022-12-01 2023-11-30 13015897 2023-11-30 13015897 2022-11-30 13015897 2021-12-01 2022-11-30 13015897 2022-11-30 13015897 2021-11-30 13015897 bus:Director1 2022-12-01 2023-11-30 13015897 core:MotorVehicles 2022-11-30 13015897 core:MotorVehicles 2023-11-30 13015897 core:MotorVehicles 2022-12-01 2023-11-30 13015897 core:WithinOneYear 2023-11-30 13015897 core:WithinOneYear 2022-11-30 13015897 core:AfterOneYear 2023-11-30 13015897 core:AfterOneYear 2022-11-30 13015897 core:ShareCapital 2023-11-30 13015897 core:ShareCapital 2022-11-30 13015897 core:RetainedEarningsAccumulatedLosses 2023-11-30 13015897 core:RetainedEarningsAccumulatedLosses 2022-11-30 13015897 core:MotorVehicles 2022-11-30 13015897 bus:SmallEntities 2022-12-01 2023-11-30 13015897 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13015897 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13015897 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13015897 bus:FullAccounts 2022-12-01 2023-11-30 13015897 core:OfficeEquipment 2022-12-01 2023-11-30 13015897 core:OfficeEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 13015897
PRIDE PLUMBING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2023
PRIDE PLUMBING LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
7,395
10,289
Current assets
Debtors
6
4,379
233
Cash at bank and in hand
40,684
45,639
---------
---------
45,063
45,872
Creditors: amounts falling due within one year
7
( 17,584)
( 11,744)
---------
---------
Net current assets
27,479
34,128
---------
---------
Total assets less current liabilities
34,874
44,417
Creditors: amounts falling due after more than one year
8
( 2,723)
( 4,725)
---------
---------
Net assets
32,151
39,692
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
32,051
39,592
---------
---------
Shareholders funds
32,151
39,692
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PRIDE PLUMBING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 3 August 2024 , and are signed on behalf of the board by:
Mr G Webber
Director
Company registration number: 13015897
PRIDE PLUMBING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, RH17 7QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
20% Straight Line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 December 2022
17,148
17,148
Additions
715
715
---------
----
---------
At 30 November 2023
17,148
715
17,863
---------
----
---------
Depreciation
At 1 December 2022
6,859
6,859
Charge for the year
3,430
179
3,609
---------
----
---------
At 30 November 2023
10,289
179
10,468
---------
----
---------
Carrying amount
At 30 November 2023
6,859
536
7,395
---------
----
---------
At 30 November 2022
10,289
10,289
---------
----
---------
6. Debtors
2023
2022
£
£
Trade debtors
4,149
233
Other debtors
230
-------
----
4,379
233
-------
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
6,517
6,488
Social security and other taxes
6,246
928
Other creditors
4,821
4,328
---------
---------
17,584
11,744
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
2,723
4,725
-------
-------