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REGISTERED NUMBER: 06660608 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Addwarmth Plumbing And Heating
Specialist Limited

Addwarmth Plumbing And Heating
Specialist Limited (Registered number: 06660608)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Addwarmth Plumbing And Heating
Specialist Limited

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D M Conway
J L Conway





SECRETARY: J L Conway





REGISTERED OFFICE: 74 Glebe Road
Deanshanger
Northamptonshire
MK19 6LU





REGISTERED NUMBER: 06660608 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Addwarmth Plumbing And Heating
Specialist Limited (Registered number: 06660608)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,000 16,157

CURRENT ASSETS
Debtors 5 1,888 1,798
Cash at bank 22,884 17,515
24,772 19,313
CREDITORS
Amounts falling due within one year 6 29,427 7,172
NET CURRENT (LIABILITIES)/ASSETS (4,655 ) 12,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,345

28,298

CREDITORS
Amounts falling due after more than one year 7 (2,586 ) (7,428 )

PROVISIONS FOR LIABILITIES (2,280 ) (3,081 )
NET ASSETS 2,479 17,789

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,379 17,689
SHAREHOLDERS' FUNDS 2,479 17,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Addwarmth Plumbing And Heating
Specialist Limited (Registered number: 06660608)

Balance Sheet - continued
30 NOVEMBER 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 11 March 2024 and were signed on its behalf by:





D M Conway - Director


Addwarmth Plumbing And Heating
Specialist Limited (Registered number: 06660608)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Addwarmth Plumbing And Heating Specialist 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.

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.
Plant & machinery - 25% on reducing balance and 25% straight line on cost
Fixtures and fittings - Straight line over 3 years
Motor vehicles - 25% straight line on cost
Computer equipment - 3 years

Addwarmth Plumbing And Heating
Specialist Limited (Registered number: 06660608)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 balance sheet date.


Addwarmth Plumbing And Heating
Specialist Limited (Registered number: 06660608)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 38,504
DEPRECIATION
At 1 December 2022 22,347
Charge for year 4,157
At 30 November 2023 26,504
NET BOOK VALUE
At 30 November 2023 12,000
At 30 November 2022 16,157


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,888 1,798

Addwarmth Plumbing And Heating
Specialist Limited (Registered number: 06660608)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 4,841 4,399
Trade creditors 256 478
Taxation and social security 12,299 486
Other creditors 12,031 1,809
29,427 7,172

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 2,586 7,428

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 5,302 5,302
Between one and five years 2,651 7,953
7,953 13,255

Finance charges repayable:
Within one year 461 903
Between one and five years 65 525
526 1,428

Net obligations repayable:
Within one year 4,841 4,399
Between one and five years 2,586 7,428
7,427 11,827

Addwarmth Plumbing And Heating
Specialist Limited (Registered number: 06660608)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 4,612 4,612
Between one and five years 769 5,381
5,381 9,993

The hire purchases are secured against the assets to which they relate,