Company Registration No. 07208351 (England and Wales)
Chester & Newman Plumbing & Heating Services Limited
Unaudited accounts
for the year ended 31 March 2024
Chester & Newman Plumbing & Heating Services Limited
Unaudited accounts
Contents
Chester & Newman Plumbing & Heating Services Limited
Company Information
for the year ended 31 March 2024
Directors
Dennis Newman
Paul Chester
Company Number
07208351 (England and Wales)
Registered Office
7 QUEENSWAY
BURTON LATIMER
KETTERING
NORTHAMPTONSHIRE
NN15 5QH
Accountants
Kate Brown
The Annexe, Rectory Farm
Cranford Road
Great Addington, Kettering
Northants
NN14 4BQ
Chester & Newman Plumbing & Heating Services Limited
Statement of financial position
as at 31 March 2024
Tangible assets
8,546
16,244
Cash at bank and in hand
80,364
65,212
Creditors: amounts falling due within one year
(97,661)
(105,287)
Net current assets/(liabilities)
15,185
(3,060)
Called up share capital
100
100
Profit and loss account
23,631
13,084
Shareholders' funds
23,731
13,184
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
Dennis Newman
Director
Company Registration No. 07208351
Chester & Newman Plumbing & Heating Services Limited
Notes to the Accounts
for the year ended 31 March 2024
Chester & Newman Plumbing & Heating Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07208351. The registered office is 7 QUEENSWAY, BURTON LATIMER, KETTERING, NORTHAMPTONSHIRE, NN15 5QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Chester & Newman Plumbing & Heating Services Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
4,543
58,459
63,002
At 31 March 2024
4,543
58,459
63,002
At 1 April 2023
1,992
44,766
46,758
Charge for the year
851
6,847
7,698
At 31 March 2024
2,843
51,613
54,456
At 31 March 2024
1,700
6,846
8,546
At 31 March 2023
2,551
13,693
16,244
Amounts falling due within one year
Trade debtors
32,482
37,015
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,722
38,295
Trade creditors
16,084
11,388
Taxes and social security
45,338
37,718
Loans from directors
935
14,255
7
Average number of employees
During the year the average number of employees was 4 (2023: 3).