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REGISTERED NUMBER: 05664869 (England and Wales)














MCP Plumbing And Heating Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






MCP Plumbing And Heating Limited (Registered number: 05664869)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


MCP Plumbing And Heating Limited

Company Information
for the Year Ended 31 December 2023







Directors: M A Pates
Mrs C Pates





Secretary: Mrs C Pates





Registered office: Bank House, Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: Sevenoaks
Cobgate
Whaplode
Spalding
Lincolnshire
PE12 6TD





Registered number: 05664869 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MCP Plumbing And Heating Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MCP Plumbing And Heating Limited for the year ended 31 December 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MCP Plumbing And Heating Limited, as a body, in accordance with the terms of our engagement letter dated 24 August 2020. Our work has been undertaken solely to prepare for your approval the financial statements of MCP Plumbing And Heating Limited and state those matters that we have agreed to state to the Board of Directors of MCP Plumbing And Heating Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MCP Plumbing And Heating Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MCP Plumbing And Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MCP Plumbing And Heating Limited. You consider that MCP Plumbing And Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MCP Plumbing And Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


8 August 2024

MCP Plumbing And Heating Limited (Registered number: 05664869)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 58,351 18,922

Current assets
Stocks 32,060 29,035
Debtors 6 172,542 203,171
Cash at bank and in hand 364,780 323,057
569,382 555,263
Creditors
Amounts falling due within one year 7 410,763 410,957
Net current assets 158,619 144,306
Total assets less current liabilities 216,970 163,228

Creditors
Amounts falling due after more than one
year

8

(23,542

)

-

Provisions for liabilities (14,588 ) (4,730 )
Net assets 178,840 158,498

Capital and reserves
Called up share capital 11 100 100
Retained earnings 178,740 158,398
Shareholders' funds 178,840 158,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

MCP Plumbing And Heating Limited (Registered number: 05664869)

Statement of Financial Position - continued
31 December 2023


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 8 August 2024 and were signed on its behalf by:




Mrs C Pates - Director



M A Pates - Director


MCP Plumbing And Heating Limited (Registered number: 05664869)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. Statutory information

MCP Plumbing And Heating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover shown in the profit and loss account represents the invoice value of goods and services provided during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on a straight line basis

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 statement of financial position date.


MCP Plumbing And Heating Limited (Registered number: 05664869)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

5. Tangible fixed assets
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 18,659 1,738 40,140 1,770 62,307
Additions 2,849 - 66,813 - 69,662
Disposals - - (40,140 ) - (40,140 )
At 31 December 2023 21,508 1,738 66,813 1,770 91,829
Depreciation
At 1 January 2023 12,120 903 28,903 1,459 43,385
Charge for year 1,878 167 16,703 248 18,996
Eliminated on disposal - - (28,903 ) - (28,903 )
At 31 December 2023 13,998 1,070 16,703 1,707 33,478
Net book value
At 31 December 2023 7,510 668 50,110 63 58,351
At 31 December 2022 6,539 835 11,237 311 18,922

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 156,954 190,447
Other debtors 9,410 9,491
Prepayments 6,178 3,233
172,542 203,171

MCP Plumbing And Heating Limited (Registered number: 05664869)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts (see note 9) 10,958 3,397
Trade creditors 202,173 224,589
Corporation tax 19,399 17,869
Social security and other taxes 8,077 6,754
Other creditors 3,691 3,413
Directors' current accounts 162,036 150,946
Accrued expenses 4,429 3,989
410,763 410,957

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts (see note 9) 23,542 -

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 10,958 3,397
Between one and five years 23,542 -
34,500 3,397

Non-cancellable operating leases
2023 2022
£    £   
Within one year 2,445 1,750

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 34,500 3,397

Obligations under hire purchase contracts are secured against the relevant asset it is financing.

MCP Plumbing And Heating Limited (Registered number: 05664869)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A shares £1 50 50
50 Ordinary B shares £1 50 50
100 100