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Company Registration No. 12314610 (England and Wales)
L Power Plumbing & Heating Ltd Unaudited accounts for the year ended 30 November 2023
L Power Plumbing & Heating Ltd Unaudited accounts Contents
Page
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L Power Plumbing & Heating Ltd Company Information for the year ended 30 November 2023
Director
Mr L Power
Company Number
12314610 (England and Wales)
Registered Office
19 Bamburgh Park Kingswood Hull HU7 3NT
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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L Power Plumbing & Heating Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,859 
13,673 
Current assets
Debtors
1,959 
3,335 
Cash at bank and in hand
25,617 
13,820 
27,576 
17,155 
Creditors: amounts falling due within one year
(11,120)
(3,716)
Net current assets
16,456 
13,439 
Total assets less current liabilities
27,315 
27,112 
Creditors: amounts falling due after more than one year
(4,542)
(6,554)
Provisions for liabilities
Deferred tax
(2,064)
(2,598)
Net assets
20,709 
17,960 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
20,708 
17,959 
Shareholders' funds
20,709 
17,960 
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 5 August 2024 and were signed on its behalf by
Mr L Power Director Company Registration No. 12314610
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L Power Plumbing & Heating Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
L Power Plumbing & Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 12314610. The registered office is 19 Bamburgh Park, Kingswood, Hull, HU7 3NT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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% Cost
Motor vehicles
20% WDV
Computer equipment
25% Cost
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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L Power Plumbing & Heating Ltd Notes to the Accounts for the year ended 30 November 2023
Leased assets
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
1,000 
16,188 
722 
17,910 
Additions
270 
- 
- 
270 
At 30 November 2023
1,270 
16,188 
722 
18,180 
Depreciation
At 1 December 2022
750 
3,238 
249 
4,237 
Charge for the year
312 
2,590 
182 
3,084 
At 30 November 2023
1,062 
5,828 
431 
7,321 
Net book value
At 30 November 2023
208 
10,360 
291 
10,859 
At 30 November 2022
250 
12,950 
473 
13,673 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,651 
3,335 
Accrued income and prepayments
308 
- 
1,959 
3,335 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,012 
2,012 
Taxes and social security
4,800 
1,437 
Loans from directors
828 
27 
Accruals
480 
240 
Deferred income
3,000 
- 
11,120 
3,716 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,542 
6,554 
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L Power Plumbing & Heating Ltd Notes to the Accounts for the year ended 30 November 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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