2022-12-012023-11-302023-11-30false08805420G & L PLUMBING & HEATING 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G & L PLUMBING & HEATING LTD

Registered Number
08805420
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

G & L PLUMBING & HEATING LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

GAUNT, Rachel
GAUNT, Rickie

Registered Address

3 Captains Beck
Captains Beck Pinchbeck
Spalding
PE11 3US

Place of Business

South Lincs Plant Hire & Sales

Enterprise Way

Pinchbeck

Spalding

PE11 3YR


Registered Number

08805420 (England and Wales)
G & L PLUMBING & HEATING LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets552,05230,042
52,05230,042
Current assets
Stocks65,0005,000
Debtors7115,57855,102
Cash at bank and on hand30,061-
150,63960,102
Creditors amounts falling due within one year8(171,748)(77,501)
Net current assets (liabilities)(21,109)(17,399)
Total assets less current liabilities30,94312,643
Creditors amounts falling due after one year9(10,453)(10,453)
Net assets20,4902,190
Capital and reserves
Called up share capital100100
Profit and loss account20,3902,090
Shareholders' funds20,4902,190
The financial statements were approved and authorised for issue by the Board of Directors on 29 February 2024, and are signed on its behalf by:
GAUNT, Rickie
Director
Registered Company No. 08805420
G & L PLUMBING & HEATING LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year67
5.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 223,79058,9283,19365,911
Additions-26,5791,59228,171
At 30 November 233,79085,5074,78594,082
Depreciation and impairment
At 01 December 223,20131,0961,57235,869
Charge for year2705,5673246,161
At 30 November 233,47136,6631,89642,030
Net book value
At 30 November 2331948,8442,88952,052
At 30 November 2258927,8321,62130,042
6.Stocks

2023

2022

££
Raw materials and consumables5,0005,000
Total5,0005,000
7.Debtors

2023

2022

££
Trade debtors / trade receivables105,51543,891
Other debtors10,06011,209
Prepayments and accrued income32
Total115,57855,102
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables137,67151,897
Bank borrowings and overdrafts11,73816,969
Taxation and social security21,6588,078
Other creditors356232
Accrued liabilities and deferred income325325
Total171,74877,501
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Other creditors10,45310,453
Total10,45310,453