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COMPANY REGISTRATION NUMBER: 11670720
K Cleal Plumbing & Heating Ltd
Filleted Unaudited Financial Statements
30 November 2023
K Cleal Plumbing & Heating Ltd
Financial Statements
Year ended 30 November 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
K Cleal Plumbing & Heating Ltd
Balance Sheet
30 November 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
309
1,061
Current assets
Stocks
3,000
3,000
Debtors
6
12,083
13,074
Cash at bank and in hand
6,583
40,482
--------
--------
21,666
56,556
Creditors: amounts falling due within one year
7
( 14,847)
( 32,577)
--------
--------
Net current assets
6,819
23,979
-------
--------
Total assets less current liabilities
7,128
25,040
Creditors: amounts falling due after more than one year
8
( 6,950)
( 10,978)
Provisions
Taxation including deferred tax
( 59)
( 202)
-------
--------
Net assets
119
13,860
-------
--------
K Cleal Plumbing & Heating Ltd
Balance Sheet (continued)
30 November 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
19
13,760
----
--------
Shareholders funds
119
13,860
----
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
Mr K Cleal
Director
Company registration number: 11670720
K Cleal Plumbing & Heating Ltd
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Nicholson Close, Warwick, CV34 5HE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 2 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 December 2022 and 30 November 2023
1,064
2,700
3,764
-------
-------
-------
Depreciation
At 1 December 2022
543
2,160
2,703
Charge for the year
212
540
752
-------
-------
-------
At 30 November 2023
755
2,700
3,455
-------
-------
-------
Carrying amount
At 30 November 2023
309
309
-------
-------
-------
At 30 November 2022
521
540
1,061
-------
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
4,883
12,145
Other debtors
7,200
929
--------
--------
12,083
13,074
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,034
3,932
Trade creditors
1,928
8,462
Corporation tax
4,602
6,450
Social security and other taxes
2,483
1,409
Other creditors
1,800
12,324
--------
--------
14,847
32,577
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
6,950
10,978
-------
--------
9. Directors' advances, credits and guarantees
During the year, the directors had interest-free, repayable on demand loans with the company. At the start of the year the directors were owed £8,431 and at the end of the year the directors owed the company £5,324. £13,755 was advanced to the directors during the year.