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REGISTERED NUMBER: 09277116 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PS PLUMBING (IOW) LIMITED

PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PS PLUMBING (IOW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Miss M Knight





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 09277116 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 30,269 37,836

CURRENT ASSETS
Debtors 5 5,539 8,612
Cash at bank 3,274 615
8,813 9,227
CREDITORS
Amounts falling due within one year 6 24,206 32,013
NET CURRENT LIABILITIES (15,393 ) (22,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,876

15,050

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 14,776 14,950
SHAREHOLDERS' FUNDS 14,876 15,050

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 director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Miss M Knight - Director


PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

PS Plumbing (IOW) 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.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 April 2023
and 31 March 2024 18,332 31,074 6,668 56,074
DEPRECIATION
At 1 April 2023 3,731 11,260 3,247 18,238
Charge for year 2,920 3,963 684 7,567
At 31 March 2024 6,651 15,223 3,931 25,805
NET BOOK VALUE
At 31 March 2024 11,681 15,851 2,737 30,269
At 31 March 2023 14,601 19,814 3,421 37,836

PS PLUMBING (IOW) LIMITED (REGISTERED NUMBER: 09277116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,164 5,106
Social security and other tax 3,773 3,043
Prepayments 602 463
5,539 8,612

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Corporation tax 2,044 2,154
Social security and other taxes 74 74
VAT 3,870 2,092
Other creditors 13,491 13,602
Credit card 1,573 11,199
Accrued expenses 3,154 2,892
24,206 32,013

Other creditors consists of an amount owed to Mr P E Sprake, an employee and the former director of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
25 Ordinary A £1 25 25
75 Ordinary B £1 75 75
100 100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P E Sprake by virtue of his majority share holdings.