Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-01-01No description of principal activity1true1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04541901 2023-01-01 2023-12-31 04541901 2022-01-01 2022-12-31 04541901 2023-12-31 04541901 2022-12-31 04541901 c:Director1 2023-01-01 2023-12-31 04541901 d:PlantMachinery 2023-01-01 2023-12-31 04541901 d:PlantMachinery 2023-12-31 04541901 d:PlantMachinery 2022-12-31 04541901 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04541901 d:Goodwill 2023-12-31 04541901 d:Goodwill 2022-12-31 04541901 d:CurrentFinancialInstruments 2023-12-31 04541901 d:CurrentFinancialInstruments 2022-12-31 04541901 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04541901 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04541901 d:UKTax 2023-01-01 2023-12-31 04541901 d:UKTax 2022-01-01 2022-12-31 04541901 d:ShareCapital 2023-12-31 04541901 d:ShareCapital 2022-12-31 04541901 d:RetainedEarningsAccumulatedLosses 2023-12-31 04541901 d:RetainedEarningsAccumulatedLosses 2022-12-31 04541901 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04541901 c:OrdinaryShareClass1 2023-12-31 04541901 c:OrdinaryShareClass1 2022-12-31 04541901 c:FRS102 2023-01-01 2023-12-31 04541901 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04541901 c:FullAccounts 2023-01-01 2023-12-31 04541901 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04541901 2 2023-01-01 2023-12-31 04541901 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04541901










Spooner Plumbing & Heating Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023





 
Spooner Plumbing & Heating Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Spooner Plumbing & Heating Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spooner Plumbing & Heating Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Spooner Plumbing & Heating Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Spooner Plumbing & Heating Limited and state those matters that we have agreed to state to the director of Spooner Plumbing & Heating Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spooner Plumbing & Heating Limited and its director for our work or for this report. 

It is your duty to ensure that Spooner Plumbing & Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spooner Plumbing & Heating Limited. You consider that Spooner Plumbing & Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Spooner Plumbing & Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
15 August 2024
Page 1

 
Spooner Plumbing & Heating Limited
Registered number: 04541901

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
180
372

  
180
372

Current assets
  

Stocks
  
891
1,912

Cash at bank and in hand
  
52,882
101,096

  
53,773
103,008

Creditors: amounts falling due within one year
 7 
(35,200)
(81,064)

Net current assets
  
 
 
18,573
 
 
21,944

Total assets less current liabilities
  
18,753
22,316

  

Net assets
  
18,753
22,316


Capital and reserves
  

Called up share capital 
 8 
7,500
7,500

Profit and loss account
  
11,253
14,816

  
18,753
22,316


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2024.




D M Spooner
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Spooner Plumbing & Heating Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Spooner Plumbing and Heating is a private company limited by shares and incorporated in England and Wales with the registration number 04541901. The address of the registered office is Montague Place, Quayside, Chatham Maritime, Kent ME4 4QU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
Spooner Plumbing & Heating Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
Spooner Plumbing & Heating Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

2023
2022
£
£

Wages and salaries
9,100
9,035

Social security costs
311
277

9,411
9,312


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
6,261
7,041


6,261
7,041


Total current tax
6,261
7,041

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2022 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 5

 
Spooner Plumbing & Heating Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

5.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
7,499



At 31 December 2023

7,499



Amortisation


At 1 January 2023
7,499



At 31 December 2023

7,499



Net book value



At 31 December 2023
-



At 31 December 2022
-




6.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 January 2023
3,526



At 31 December 2023

3,526



Depreciation


At 1 January 2023
3,154


Charge for the year on owned assets
192



At 31 December 2023

3,346



Net book value



At 31 December 2023
180



At 31 December 2022
372

Page 6

 
Spooner Plumbing & Heating Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
6,250
7,041

Other creditors
26,700
71,977

Accruals and deferred income
2,250
2,046

35,200
81,064



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



7,500 (2022 - 7,500) Ordinary shares of £1.00 each
7,500
7,500



9.


Related party transactions

At 31 December 2023 the company owes the director £26,700 (2022: £71,977).


Page 7