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REGISTERED NUMBER: SC179280 (Scotland)





















Unaudited Financial Statements

For The Year Ended 28 November 2023

for

Bs Plumbing & Heating Ltd.

Bs Plumbing & Heating Ltd. (Registered number: SC179280)






Contents of the Financial Statements
For The Year Ended 28 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Bs Plumbing & Heating Ltd.

Company Information
For The Year Ended 28 November 2023







DIRECTOR: Ms S McIntyre





SECRETARY: Ms S McIntyre





REGISTERED OFFICE: Unit 5
Queenslie Point
120 Stepps Road
Queenslie
Glasgow
G33 3NQ





REGISTERED NUMBER: SC179280 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Bs Plumbing & Heating Ltd. (Registered number: SC179280)

Balance Sheet
28 November 2023

28.11.23 28.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,095 13,405

CURRENT ASSETS
Stocks - 1,850
Debtors 5 79,749 217,314
Cash at bank and in hand 4,478 4,878
84,227 224,042
CREDITORS
Amounts falling due within one year 6 46,306 52,282
NET CURRENT ASSETS 37,921 171,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,016

185,165

CREDITORS
Amounts falling due after more than one
year

7

(56,667

)

(96,667

)

PROVISIONS FOR LIABILITIES - (2,465 )
NET (LIABILITIES)/ASSETS (12,651 ) 86,033

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (12,653 ) 86,031
SHAREHOLDERS' FUNDS (12,651 ) 86,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Bs Plumbing & Heating Ltd. (Registered number: SC179280)

Balance Sheet - continued
28 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Ms S McIntyre - Director


Bs Plumbing & Heating Ltd. (Registered number: SC179280)

Notes to the Financial Statements
For The Year Ended 28 November 2023

1. STATUTORY INFORMATION

Bs Plumbing & Heating Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade 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.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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 balance sheet date.


Bs Plumbing & Heating Ltd. (Registered number: SC179280)

Notes to the Financial Statements - continued
For The Year Ended 28 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.

Going concern
As at year end, the company's liabilities exceeded assets. The company relies on the continued support of its director to finance its working capital requirements. The director consider it appropriate to prepare the financial statements on a going concern basis as they have agreed that this support will continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 29 November 2022 13,323 51,031 6,059 70,413
Disposals (13,323 ) (16,783 ) (6,059 ) (36,165 )
At 28 November 2023 - 34,248 - 34,248
DEPRECIATION
At 29 November 2022 12,646 41,223 3,139 57,008
Charge for year - 2,032 - 2,032
Eliminated on disposal (12,646 ) (15,102 ) (3,139 ) (30,887 )
At 28 November 2023 - 28,153 - 28,153
NET BOOK VALUE
At 28 November 2023 - 6,095 - 6,095
At 28 November 2022 677 9,808 2,920 13,405

Bs Plumbing & Heating Ltd. (Registered number: SC179280)

Notes to the Financial Statements - continued
For The Year Ended 28 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 29 November 2022 19,032
Transfer to ownership (19,032 )
At 28 November 2023 -
DEPRECIATION
At 29 November 2022 14,516
Transfer to ownership (14,516 )
At 28 November 2023 -
NET BOOK VALUE
At 28 November 2023 -
At 28 November 2022 4,516

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.11.23 28.11.22
£    £   
Trade debtors 7,135 10,921
Other debtors 72,614 206,393
79,749 217,314

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.11.23 28.11.22
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 272 9,332
Taxation and social security 59 -
Other creditors 5,975 2,950
46,306 52,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.11.23 28.11.22
£    £   
Bank loans 56,667 96,667

Bs Plumbing & Heating Ltd. (Registered number: SC179280)

Notes to the Financial Statements - continued
For The Year Ended 28 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.11.23 28.11.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 56,667 96,667

8. CONTINGENT LIABILITIES

BS Plumbing & Heating Ltd participates in Plumbing & Mechanical Services (UK) Industry Pension Scheme. The scheme is a multi-employer pension plan. There was a pension deficit in the plan. The deficit was not due to crystallise unless there were no employees left in the scheme. The company has now ceased to have any active members within the scheme therefore triggering section 75 of Pensions Act 1995 employer debt. The latest known estimate was dated 30th November 2018 valued at £657,800. However, the liability amount remains unconfirmed therefore the deficit has not been accrued into the accounts.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Bs Plumbing & Heating Ltd.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bs Plumbing & Heating Ltd. for the year ended 28 November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Bs Plumbing & Heating Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bs Plumbing & Heating Ltd. and state those matters that we have agreed to state to the director of Bs Plumbing & Heating Ltd. in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Bs Plumbing & Heating Ltd. 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 loss of Bs Plumbing & Heating Ltd.. You consider that Bs Plumbing & Heating Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bs Plumbing & Heating Ltd.. 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.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


28 August 2024