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REGISTERED NUMBER: 04965747 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Scott Baxter Plumbing & Heating Limited

Scott Baxter Plumbing & Heating Limited (Registered number: 04965747)






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


Scott Baxter Plumbing & Heating Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: S Baxter





REGISTERED OFFICE: Grove View
Bramfield Road
Wenhaston
Halesworth
Suffolk
IP19 9DJ





REGISTERED NUMBER: 04965747 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Scott Baxter Plumbing & Heating Limited (Registered number: 04965747)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,805 12,028
13,805 12,028

CURRENT ASSETS
Stocks 12,921 12,914
Debtors 6 8,922 3,658
Cash at bank 43,151 31,791
64,994 48,363
CREDITORS
Amounts falling due within one year 7 32,499 19,989
NET CURRENT ASSETS 32,495 28,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,300

40,402

CREDITORS
Amounts falling due after more than
one year

8

(7,639

)

(11,700

)

PROVISIONS FOR LIABILITIES (2,607 ) (2,267 )
NET ASSETS 36,054 26,435

Scott Baxter Plumbing & Heating Limited (Registered number: 04965747)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 35,953 26,334
SHAREHOLDERS' FUNDS 36,054 26,435

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 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 2 August 2024 and were signed by:





S Baxter - Director


Scott Baxter Plumbing & Heating Limited (Registered number: 04965747)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Scott Baxter Plumbing & Heating 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.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Scott Baxter Plumbing & Heating Limited (Registered number: 04965747)

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.

Turnover
The company's turnover represents the value, excluding VAT, of goods and services supplied to customers during the year. All services took place in the UK.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 3,000
AMORTISATION
At 1 December 2022
and 30 November 2023 3,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Scott Baxter Plumbing & Heating Limited (Registered number: 04965747)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 December 2022 12,523 16,400 28,923
Additions 4,744 - 4,744
At 30 November 2023 17,267 16,400 33,667
DEPRECIATION
At 1 December 2022 8,567 8,328 16,895
Charge for year 949 2,018 2,967
At 30 November 2023 9,516 10,346 19,862
NET BOOK VALUE
At 30 November 2023 7,751 6,054 13,805
At 30 November 2022 3,956 8,072 12,028

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 8,392 3,249
Other debtors 530 409
8,922 3,658

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,000 3,859
Trade creditors 14,872 5,852
Taxation and social security 10,906 7,812
Other creditors 2,721 2,466
32,499 19,989

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 7,639 11,700

Scott Baxter Plumbing & Heating Limited (Registered number: 04965747)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
S Baxter
Balance outstanding at start of year - 5,031
Amounts repaid - (5,031 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -