IRIS Accounts Production v24.2.0.383 05598340 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055983402023-03-31055983402024-03-31055983402023-04-012024-03-31055983402022-03-31055983402022-04-012023-03-31055983402023-03-3105598340ns14:PoundSterling2023-04-012024-03-3105598340ns10:Director12023-04-012024-03-3105598340ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105598340ns10:SmallEntities2023-04-012024-03-3105598340ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105598340ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105598340ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105598340ns10:FullAccounts2023-04-012024-03-3105598340ns10:RegisteredOffice2023-04-012024-03-3105598340ns5:CurrentFinancialInstruments2024-03-3105598340ns5:CurrentFinancialInstruments2023-03-3105598340ns5:ShareCapital2024-03-3105598340ns5:ShareCapital2023-03-3105598340ns5:RetainedEarningsAccumulatedLosses2024-03-3105598340ns5:RetainedEarningsAccumulatedLosses2023-03-3105598340ns5:PlantMachinery2023-04-012024-03-3105598340ns5:FurnitureFittings2023-04-012024-03-3105598340ns5:MotorVehicles2023-04-012024-03-3105598340ns5:PlantMachinery2023-03-3105598340ns5:FurnitureFittings2023-03-3105598340ns5:MotorVehicles2023-03-3105598340ns5:PlantMachinery2024-03-3105598340ns5:FurnitureFittings2024-03-3105598340ns5:MotorVehicles2024-03-3105598340ns5:PlantMachinery2023-03-3105598340ns5:FurnitureFittings2023-03-3105598340ns5:MotorVehicles2023-03-3105598340ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105598340ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 05598340












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

1st Fix Plumbing & Heating Limited

1st Fix Plumbing & Heating Limited (Registered number: 05598340)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


1st Fix Plumbing & Heating Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M C Ramsey





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 05598340





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

1st Fix Plumbing & Heating Limited (Registered number: 05598340)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,322 55,522

CURRENT ASSETS
Debtors 5 136,160 120,221
Cash at bank 575,472 814,986
711,632 935,207
CREDITORS
Amounts falling due within one year 6 139,777 161,623
NET CURRENT ASSETS 571,855 773,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,177

829,106

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 614,175 829,104
SHAREHOLDERS' FUNDS 614,177 829,106

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 director acknowledges his 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.

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 director and authorised for issue on 16 August 2024 and were signed by:





M C Ramsey - Director


1st Fix Plumbing & Heating Limited (Registered number: 05598340)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

1st Fix Plumbing & Heating Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

1st Fix Plumbing & Heating Limited (Registered number: 05598340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 2,174 8,470 109,541 120,185
Additions - 907 - 907
At 31 March 2024 2,174 9,377 109,541 121,092
DEPRECIATION
At 1 April 2023 2,174 5,106 57,383 64,663
Charge for year - 1,068 13,039 14,107
At 31 March 2024 2,174 6,174 70,422 78,770
NET BOOK VALUE
At 31 March 2024 - 3,203 39,119 42,322
At 31 March 2023 - 3,364 52,158 55,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 18,200 18,977
Other debtors 117,960 101,244
136,160 120,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 13
Taxation and social security 131,689 88,611
Other creditors 8,088 72,999
139,777 161,623