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REGISTERED NUMBER: 07636793 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Finesse Plumbing & Heating Engineers
Limited

Finesse Plumbing & Heating Engineers
Limited (Registered number: 07636793)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Finesse Plumbing & Heating Engineers
Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mr. R Hewitt
Mr. M P Shanley





Registered office: Unit 22
Cranswick Industrial Estate
Hutton Cranswick
Driffield
East Yorkshire
YO25 9QE





Registered number: 07636793 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Finesse Plumbing & Heating Engineers
Limited (Registered number: 07636793)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,083 42,083
Tangible assets 5 83,970 72,961
121,053 115,044

CURRENT ASSETS
Stocks 52,000 42,000
Debtors 6 96,549 77,432
Cash at bank and in hand 27,436 33,265
175,985 152,697
CREDITORS
Amounts falling due within one year 7 219,183 190,738
NET CURRENT LIABILITIES (43,198 ) (38,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,855

77,003

CREDITORS
Amounts falling due after more than one
year

8

(61,432

)

(54,524

)

PROVISIONS FOR LIABILITIES 9 (15,954 ) (13,862 )
NET ASSETS 469 8,617

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 369 8,517
SHAREHOLDERS' FUNDS 469 8,617

Finesse Plumbing & Heating Engineers
Limited (Registered number: 07636793)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr. M P Shanley - Director


Finesse Plumbing & Heating Engineers
Limited (Registered number: 07636793)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Finesse Plumbing & Heating Engineers 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost and 25% on reducing balance
Computer equipment - 25% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Finesse Plumbing & Heating Engineers
Limited (Registered number: 07636793)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 57,917
Amortisation for year 5,000
At 31 March 2024 62,917
NET BOOK VALUE
At 31 March 2024 37,083
At 31 March 2023 42,083

Finesse Plumbing & Heating Engineers
Limited (Registered number: 07636793)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 151,436 1,942 153,378
Additions 38,000 1,000 39,000
At 31 March 2024 189,436 2,942 192,378
DEPRECIATION
At 1 April 2023 79,420 997 80,417
Charge for year 27,505 486 27,991
At 31 March 2024 106,925 1,483 108,408
NET BOOK VALUE
At 31 March 2024 82,511 1,459 83,970
At 31 March 2023 72,016 945 72,961

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 70,500
Additions 38,000
At 31 March 2024 108,500
DEPRECIATION
At 1 April 2023 14,094
Charge for year 23,602
At 31 March 2024 37,696
NET BOOK VALUE
At 31 March 2024 70,804
At 31 March 2023 56,406

Finesse Plumbing & Heating Engineers
Limited (Registered number: 07636793)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,021 61,345
Other debtors - 76
VAT 21,528 16,011
96,549 77,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,636 5,336
Hire purchase contracts 33,241 10,963
Trade creditors 119,960 133,693
Corporation tax 9,106 -
Social security and other taxes 5,972 7,643
Other creditors 7,054 7,308
Directors' current accounts 9,918 8,526
Accrued expenses 28,296 17,269
219,183 190,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 31,676 37,500
Hire purchase contracts 29,756 17,024
61,432 54,524

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,954 13,862

Deferred
tax
£   
Balance at 1 April 2023 13,862
Provided during year 2,092
Balance at 31 March 2024 15,954

Finesse Plumbing & Heating Engineers
Limited (Registered number: 07636793)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100