Registered number
09552766
PDM Plumbing and Heating Ltd
Unaudited Filleted Accounts
31 March 2024
PDM Plumbing and Heating Ltd
Registered number: 09552766
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,773 1,828
Current assets
Debtors 4 39,400 38,468
Creditors: amounts falling due within one year 5 (35,138) (31,553)
Net current assets 4,262 6,915
Total assets less current liabilities 6,035 8,743
Creditors: amounts falling due after more than one year 6 (5,785) (8,439)
Net assets 250 304
Capital and reserves
Called up share capital 1 1
Profit and loss account 249 303
Shareholders' funds 250 304
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Murphy
Director
Approved by the board on 6 August 2024
PDM Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Computer Equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Fixtures, fittings, tools & Equipment Computer Equipment Total
£ £ £
Cost
At 1 April 2023 2,254 1,341 3,595
Additions 378 - 378
At 31 March 2024 2,632 1,341 3,973
Depreciation
At 1 April 2023 1,214 553 1,767
Charge for the year 236 197 433
At 31 March 2024 1,450 750 2,200
Net book value
At 31 March 2024 1,182 591 1,773
At 31 March 2023 1,040 788 1,828
4 Debtors 2024 2023
£ £
Trade debtors 5,900 6,504
Other debtors 33,500 31,964
39,400 38,468
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,444 8,451
Taxation and social security costs 25,086 16,424
Other creditors 2,608 6,678
35,138 31,553
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,785 8,439
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Paul Murphy
Loan 1 25,432 41,710 (40,273) 26,869
25,432 41,710 (40,273) 26,869
8 Other information
PDM Plumbing and Heating Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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