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REGISTERED NUMBER: 09478750 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

B Welch Plumbing & Heating Ltd

B Welch Plumbing & Heating Ltd (Registered number: 09478750)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

B Welch Plumbing & Heating Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: A Welch
Mrs E Welch





REGISTERED OFFICE: 74 Beltinge Road
Herne Bay
Kent
CT6 6BD





REGISTERED NUMBER: 09478750 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

B Welch Plumbing & Heating Ltd (Registered number: 09478750)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,335 22,828

CURRENT ASSETS
Debtors 5 1,413 7,156
Cash at bank and in hand 117,073 78,496
118,486 85,652
CREDITORS
Amounts falling due within one year 6 57,036 59,813
NET CURRENT ASSETS 61,450 25,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,785

48,667

CREDITORS
Amounts falling due after more than one
year

7

30,000

40,000
NET ASSETS 52,785 8,667

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 52,685 8,567
SHAREHOLDERS' FUNDS 52,785 8,667

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 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.

B Welch Plumbing & Heating Ltd (Registered number: 09478750)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2024 and were signed on its behalf by:




A Welch - Director



Mrs E Welch - Director


B Welch Plumbing & Heating Ltd (Registered number: 09478750)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

B Welch Plumbing & Heating Ltd 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

B Welch Plumbing & Heating Ltd (Registered number: 09478750)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 18,694 32,592 205 51,491
Additions 2,132 - 1,810 3,942
At 31 March 2024 20,826 32,592 2,015 55,433
DEPRECIATION
At 1 April 2023 11,730 16,803 130 28,663
Charge for year 1,206 3,947 282 5,435
At 31 March 2024 12,936 20,750 412 34,098
NET BOOK VALUE
At 31 March 2024 7,890 11,842 1,603 21,335
At 31 March 2023 6,964 15,789 75 22,828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 3,489
VAT 1,413 3,667
1,413 7,156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 174 1,407
Tax 38,358 15,324
Social security and other taxes 13,130 8,009
Directors' current accounts 374 30,073
57,036 59,813

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,000 10,000
Bank loans more 5 yr by instal 10,000 20,000
30,000 40,000

B Welch Plumbing & Heating Ltd (Registered number: 09478750)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,000 20,000

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 April 2023 8,567
Profit for the year 119,618
Dividends (75,500 )
At 31 March 2024 52,685

B Welch Plumbing & Heating Ltd

Report of the Accountants to the Directors of
B Welch Plumbing & Heating Ltd


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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


22 May 2024