Company Registration No. 12877790 (England and Wales)
PLUMB APP UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
PLUMB APP UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PLUMB APP UK LTD
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
22,529
20,000
Cash at bank and in hand
6,588
16,325
29,117
36,325
Creditors: amounts falling due within one year
4
(22,083)
(29,053)
Net current assets
7,034
7,272
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
7,033
7,271
Total equity
7,034
7,272

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 10 July 2024
Antony Provan
Director
Company Registration No. 12877790
PLUMB APP UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Plumb App UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is c/o Neal and Co Business Services Limited, Shakespeare Buildings, 26 Cradley Road, Cradley Heath, West Midlands, B64 6AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
PLUMB APP UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by parent company
22,500
20,000
Other debtors
29
-
0
22,529
20,000
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
6,364
10,050
Other taxation and social security
-
0
1,471
Other creditors
15,719
17,532
22,083
29,053
5
Related party transactions
Transactions with related parties

Plumb App UK limited and Gas App UK Limited are 100% wholly owned subsidiaries of PG UK Holdings Limited.

 

In the year, dividends of £25,000 (£40,000 - 2023) were paid to the parent company. As of 31 May 2024, an amount of £22,500 was owed to Plumb App Limited by PG UK Holdings Limited.

6
Parent company

The ultimate parent company is PG UK Holdings Limited, a company registered in England and Wales.

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