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REGISTERED NUMBER: 08913956 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TOWN & COUNTRY HEATING AND PLUMBING
LIMITED

TOWN & COUNTRY HEATING AND PLUMBING
LIMITED (REGISTERED NUMBER: 08913956)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


TOWN & COUNTRY HEATING AND PLUMBING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: D E Clifford
N A Loveridge





REGISTERED OFFICE: Unit 710 Jupiter Court
Meteor Business Park
Cheltenham Road East
Staverton
Gloucestershire
GL2 9QL





REGISTERED NUMBER: 08913956 (England and Wales)





ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

TOWN & COUNTRY HEATING AND PLUMBING
LIMITED (REGISTERED NUMBER: 08913956)

ABRIDGED STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 175,847 148,787

CURRENT ASSETS
Debtors 947,962 884,421
Cash at bank 590,472 377,932
1,538,434 1,262,353
CREDITORS
Amounts falling due within one year (740,108 ) (466,729 )
NET CURRENT ASSETS 798,326 795,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

974,173

944,411

CREDITORS
Amounts falling due after more than
one year

(8,578

)

(31,305

)

PROVISIONS FOR LIABILITIES (29,149 ) (15,881 )
NET ASSETS 936,446 897,225

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 936,346 897,125
SHAREHOLDERS' FUNDS 936,446 897,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TOWN & COUNTRY HEATING AND PLUMBING
LIMITED (REGISTERED NUMBER: 08913956)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 August 2024 and were signed on its behalf by:





N A Loveridge - Director


TOWN & COUNTRY HEATING AND PLUMBING
LIMITED (REGISTERED NUMBER: 08913956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Town & Country Heating and Plumbing 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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

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.

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.

TOWN & COUNTRY HEATING AND PLUMBING
LIMITED (REGISTERED NUMBER: 08913956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 22 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 332,197
Additions 68,597
Disposals (7,990 )
At 29 February 2024 392,804
DEPRECIATION
At 1 March 2023 183,410
Charge for year 39,021
Eliminated on disposal (5,474 )
At 29 February 2024 216,957
NET BOOK VALUE
At 29 February 2024 175,847
At 28 February 2023 148,787

TOWN & COUNTRY HEATING AND PLUMBING
LIMITED (REGISTERED NUMBER: 08913956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 March 2023 110,959
Additions 24,781
Transfer to ownership (8,250 )
At 29 February 2024 127,490
DEPRECIATION
At 1 March 2023 35,461
Charge for year 19,724
Transfer to ownership (5,640 )
At 29 February 2024 49,545
NET BOOK VALUE
At 29 February 2024 77,945
At 28 February 2023 75,498

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number:

Class:
Nominal
Value:

£
45 Ordinary A £1 45
5 Ordinary B £1 5
45 Ordinary C £1 45
5 Ordinary D £1 5
100

6. DIRECTORS TRANSACTIONS

The following advances and credits from directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
D E Clifford
Balance outstanding at start of year 194 3
Amounts advanced 113,204 128,023
Amounts repaid (74,406 ) (127,832 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,992 194

TOWN & COUNTRY HEATING AND PLUMBING
LIMITED (REGISTERED NUMBER: 08913956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DIRECTORS TRANSACTIONS - continued

N A Loveridge
Balance outstanding at start of year 390 192
Amounts advanced 114,397 119,659
Amounts repaid (83,060 ) (119,461 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,727 390

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Nathan Loveridge and Daniel Clifford by virtue of their directorship and shareholding.