Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04167022 Mr Nigel Roberts Mrs Rachael Roberts Mr Nigel Roberts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04167022 2023-03-31 04167022 2024-03-31 04167022 2023-04-01 2024-03-31 04167022 frs-core:CurrentFinancialInstruments 2024-03-31 04167022 frs-core:Non-currentFinancialInstruments 2024-03-31 04167022 frs-core:BetweenOneFiveYears 2024-03-31 04167022 frs-core:ComputerEquipment 2024-03-31 04167022 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04167022 frs-core:ComputerEquipment 2023-03-31 04167022 frs-core:FurnitureFittings 2024-03-31 04167022 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04167022 frs-core:FurnitureFittings 2023-03-31 04167022 frs-core:NetGoodwill 2024-03-31 04167022 frs-core:NetGoodwill 2023-04-01 2024-03-31 04167022 frs-core:NetGoodwill 2023-03-31 04167022 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04167022 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04167022 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 04167022 frs-core:MotorVehicles 2024-03-31 04167022 frs-core:MotorVehicles 2023-04-01 2024-03-31 04167022 frs-core:MotorVehicles 2023-03-31 04167022 frs-core:PlantMachinery 2024-03-31 04167022 frs-core:PlantMachinery 2023-04-01 2024-03-31 04167022 frs-core:PlantMachinery 2023-03-31 04167022 frs-core:WithinOneYear 2024-03-31 04167022 frs-core:ShareCapital 2024-03-31 04167022 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04167022 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04167022 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04167022 frs-bus:SmallEntities 2023-04-01 2024-03-31 04167022 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04167022 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04167022 frs-core:DeferredTaxation 2023-04-01 2024-03-31 04167022 frs-core:DeferredTaxation 2023-03-31 04167022 frs-core:DeferredTaxation 2024-03-31 04167022 frs-bus:Director1 2023-04-01 2024-03-31 04167022 frs-bus:Director2 2023-04-01 2024-03-31 04167022 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04167022 frs-core:CurrentFinancialInstruments 1 2024-03-31 04167022 frs-core:CurrentFinancialInstruments 4 2024-03-31 04167022 frs-countries:EnglandWales 2023-04-01 2024-03-31 04167022 2022-03-31 04167022 2023-03-31 04167022 2022-04-01 2023-03-31 04167022 frs-core:CurrentFinancialInstruments 2023-03-31 04167022 frs-core:Non-currentFinancialInstruments 2023-03-31 04167022 frs-core:BetweenOneFiveYears 2023-03-31 04167022 frs-core:WithinOneYear 2023-03-31 04167022 frs-core:ShareCapital 2023-03-31 04167022 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04167022 frs-core:CurrentFinancialInstruments 1 2023-03-31 04167022 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: 04167022
Roberts Plumbing & Heating Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04167022
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 1 1
Tangible Assets 4 234,576 179,860
234,577 179,861
CURRENT ASSETS
Stocks 5 35,240 1,181
Debtors 6 211,545 194,999
Cash at bank and in hand 196,065 248,415
442,850 444,595
Creditors: Amounts Falling Due Within One Year 7 (253,747 ) (205,463 )
NET CURRENT ASSETS (LIABILITIES) 189,103 239,132
TOTAL ASSETS LESS CURRENT LIABILITIES 423,680 418,993
Creditors: Amounts Falling Due After More Than One Year 8 (12,903 ) (5,411 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,332 ) (14,988 )
NET ASSETS 384,445 398,594
CAPITAL AND RESERVES
Called up share capital 11 120 120
Profit and Loss Account 384,325 398,474
SHAREHOLDERS' FUNDS 384,445 398,594
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nigel Roberts
Director
2 September 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 12 (2023: 12)
12 12
3. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 14,000
As at 31 March 2024 14,000
Amortisation
As at 1 April 2023 13,999
As at 31 March 2024 13,999
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 126,624 124,990 21,216 8,316
Additions - 105,618 - -
Disposals - (56,526 ) (10,294 ) -
As at 31 March 2024 126,624 174,082 10,922 8,316
Depreciation
As at 1 April 2023 - 74,158 20,428 7,022
Provided during the period - 15,910 143 194
Disposals - (22,221 ) (9,995 ) -
As at 31 March 2024 - 67,847 10,576 7,216
Net Book Value
As at 31 March 2024 126,624 106,235 346 1,100
As at 1 April 2023 126,624 50,832 788 1,294
Computer Equipment Total
£ £
Cost
As at 1 April 2023 10,964 292,110
Additions - 105,618
Disposals - (66,820 )
As at 31 March 2024 10,964 330,908
Depreciation
As at 1 April 2023 10,642 112,250
Provided during the period 51 16,298
Disposals - (32,216 )
As at 31 March 2024 10,693 96,332
Net Book Value
As at 31 March 2024 271 234,576
As at 1 April 2023 322 179,860
5. Stocks
2024 2023
£ £
Stock & WIP 35,240 1,181
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 147,458 150,853
Other debtors 100 1,000
VAT 63,987 43,146
211,545 194,999
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,819 3,819
Trade creditors 166,323 14,915
Bank loans and overdrafts - 82,950
Corporation tax liability 9,388 30,982
Social security and other tax 9,834 11,913
Other creditors 22,587 20,975
Credit cards 1,474 573
Pension creditor 1,409 2,054
Accrued expenses 3,085 2,440
Directors' loan accounts 35,828 34,842
253,747 205,463
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,903 5,411
12,903 5,411
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year 3,819 3,819
Between one and five years 12,903 5,411
16,722 9,230
16,722 9,230
10. Provisions for Liabilities
Deferred Tax
£
As at 1 April 2023 14,988
Utilised 11,344
Balance at 31 March 2024 26,332
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
12. General Information
Roberts Plumbing & Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04167022 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
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