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REGISTERED NUMBER: 10051361 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Abbey Plumbing and Heating South East
Limited

Abbey Plumbing and Heating South East
Limited (Registered number: 10051361)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Abbey Plumbing and Heating South East
Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G Thompson
S I Thompson





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 10051361 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Abbey Plumbing and Heating South East
Limited (Registered number: 10051361)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,564 5,870

CURRENT ASSETS
Stocks 1,320 1,280
Debtors 5 3,312 6,462
Cash at bank 10,453 5,730
15,085 13,472
CREDITORS
Amounts falling due within one year 6 16,581 14,513
NET CURRENT LIABILITIES (1,496 ) (1,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,068

4,829

CREDITORS
Amounts falling due after more than one year 7 2,333 4,333
NET ASSETS 735 496

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 635 396
SHAREHOLDERS' FUNDS 735 496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





G Thompson - Director


Abbey Plumbing and Heating South East
Limited (Registered number: 10051361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Abbey Plumbing and Heating South East Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turner represents net invoiced sales of good and services and is issued to customers once the work has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax recognised as 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
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date since the amount is not considered to be material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 15,109 6,250 21,359
DEPRECIATION
At 1 April 2023 11,876 3,613 15,489
Charge for year 647 659 1,306
At 31 March 2024 12,523 4,272 16,795
NET BOOK VALUE
At 31 March 2024 2,586 1,978 4,564
At 31 March 2023 3,233 2,637 5,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 936 570
Other debtors 2,376 5,892
3,312 6,462

Abbey Plumbing and Heating South East
Limited (Registered number: 10051361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 196 509
Taxation and social security 11,826 9,483
Other creditors 2,559 2,521
16,581 14,513

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 2,333 4,333

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S I Thompson
Balance outstanding at start of year 1,624 4,068
Amounts advanced 14,036 7,556
Amounts repaid (15,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 660 1,624

G Thompson
Balance outstanding at start of year 1,624 4,068
Amounts advanced 14,036 7,556
Amounts repaid (15,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 660 1,624