Registered number
08800563
Copthorne Plumbing and Heating Limited
Filleted Accounts
31 December 2023
Copthorne Plumbing and Heating Limited
Registered number: 08800563
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,180 3,877
Current assets
Debtors 4 25,905 9,004
Cash at bank and in hand 78,583 108,410
104,488 117,414
Creditors: amounts falling due within one year 5 (47,848) (37,161)
Net current assets 56,640 80,253
Total assets less current liabilities 59,820 84,130
Creditors: amounts falling due after more than one year 6 (12,667) (20,667)
Net assets 47,153 63,463
Capital and reserves
Called up share capital 2 2
Profit and loss account 47,151 63,461
Shareholders' funds 47,153 63,463
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Palmer
Director
Approved by the board on 12 July 2024
Copthorne Plumbing and Heating Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 4,517 10,100 14,617
At 31 December 2023 4,517 10,100 14,617
Depreciation
At 1 January 2023 2,475 8,265 10,740
Charge for the year 367 330 697
At 31 December 2023 2,842 8,595 11,437
Net book value
At 31 December 2023 1,675 1,505 3,180
At 31 December 2022 2,042 1,835 3,877
4 Debtors 2023 2022
£ £
Trade debtors 6,041 9,004
Other debtors 19,864 -
25,905 9,004
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 28,145 17,869
Taxation and social security costs 16,886 18,828
Other creditors 2,817 464
47,848 37,161
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 12,667 20,667
7 Other information
Copthorne Plumbing and Heating Limited is a private company limited by shares and incorporated in England. Its registered office is:
Holly House
Copthorne Bank
Copthorne
RH10 3JH
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