Company Registration No. 10044121 (England and Wales)
Arundel Plumbing & Heating Ltd
Unaudited accounts
for the year ended 31 December 2023
Arundel Plumbing & Heating Ltd
Unaudited accounts
Contents
Arundel Plumbing & Heating Ltd
Company Information
for the year ended 31 December 2023
Directors
Aaron Millar
Kelly Millar
Company Number
10044121 (England and Wales)
Registered Office
6 Weyhill Close
Portchester
Fareham
Hampshire
PO16 8EL
Accountants
Horn & Co. Accountants Limited
6 Weyhill Close
Portchester
Fareham
Hampshire
PO16 8EL
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Arundel Plumbing & Heating Ltd
for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Arundel Plumbing & Heating Ltd for the year ended
31 December 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Horn & Co. Accountants Limited
Chartered Certified Accountants
6 Weyhill Close
Portchester
Fareham
Hampshire
PO16 8EL
24 July 2024
Arundel Plumbing & Heating Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
17,231
11,493
Cash at bank and in hand
246,306
176,227
Creditors: amounts falling due within one year
(117,135)
(100,208)
Net current assets
158,568
111,997
Total assets less current liabilities
175,799
123,490
Provisions for liabilities
Deferred tax
(4,566)
(3,046)
Net assets
171,233
120,444
Called up share capital
100
100
Profit and loss account
171,133
120,344
Shareholders' funds
171,233
120,444
For the year ending 31 December 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Kelly Millar
Director
Company Registration No. 10044121
Arundel Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 December 2023
Arundel Plumbing & Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 10044121. The registered office is 6 Weyhill Close, Portchester, Fareham, Hampshire, PO16 8EL.
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.
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 accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.
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.
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.
Stock has been valued at the lower of cost and estimated selling price less costs to sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Arundel Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 December 2023
3
Tangible fixed assets
Total
At 31 December 2023
34,410
At 31 December 2023
17,179
At 31 December 2023
17,231
At 31 December 2022
11,493
4
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
746
746
5
Average number of employees
During the year the average number of employees was 10 (2022: 8).