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Registration number: 07919163

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

(Registration number: 07919163)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,637

12,861

Current assets

 

Stocks

5

250

250

Debtors

6

9,770

11,653

Cash at bank and in hand

 

4,344

1,213

 

14,364

13,116

Creditors: Amounts falling due within one year

7

(25,621)

(38,796)

Net current liabilities

 

(11,257)

(25,680)

Total assets less current liabilities

 

(1,620)

(12,819)

Provisions for liabilities

(2,314)

(981)

Net liabilities

 

(3,934)

(13,800)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(4,034)

(13,900)

Shareholders' deficit

 

(3,934)

(13,800)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 July 2024
 

 

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

(Registration number: 07919163)
Balance Sheet as at 31 January 2024

.........................................
Mr Darren Evans
Director

 

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Herts
SG4 0TW
England

The principal place of business is:
1 Cambridge Gardens
Langford
Biggleswade
Bedfordshire
SG18 9SF
United Kingdom

These financial statements were authorised for issue by the director on 25 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the balance sheet date the company had net current liabilities of 10,276 (2023: £25,680) and retained losses of £1,720 (2023: £13,900). The directors have pledged to continue to financially support the company for the foreseeable future. On this basis, the director feels it is appropriate to prepare these financial statements on a going concern basis.

 

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance

Office Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

 

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

609

20,920

21,529

At 31 January 2024

609

20,920

21,529

Depreciation

At 1 February 2023

31

8,637

8,668

Charge for the year

153

3,071

3,224

At 31 January 2024

184

11,708

11,892

Carrying amount

At 31 January 2024

425

9,212

9,637

At 31 January 2023

578

12,283

12,861

5

Stocks

2024
£

2023
£

Other inventories

250

250

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

10

(1,504)

-

Prepayments

 

908

370

Other debtors

 

10,366

11,283

   

9,770

11,653


 

 

4 Counties Plumbing & Heating Services Limited

trading as 4 Counties Plumbing and Heating Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

926

882

Other creditors

24,695

37,914

25,621

38,796

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100

         

9

Dividends

10

Related party transactions

At the balance sheet date, the company owed £22,008 (2023: 35,491) to Darren Evans (Director). This loan is interest free and there are no terms for repayment.

At the balance sheet date the company owed £1,504 (2023: £5,000 by) to companies connected by common control. All amounts arose under normal trading terms.

11

Ultimate Controlling Party

The ultimate controlling party is Darren Evans, by virtue of his shareholding.