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Platinum Mechanical & Plumbing
Services Limited

Financial Statements for the Year Ended 31 March 2024






Platinum Mechanical & Plumbing
Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N A Carter
C L Williams





REGISTERED OFFICE: East Moors House
Nettlefold Road
Cardiff
CF24 5JQ





REGISTERED NUMBER: 12164333 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Platinum Mechanical & Plumbing
Services Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Platinum Mechanical & Plumbing Services Limited for the year ended 31 March 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Platinum Mechanical & Plumbing Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Platinum Mechanical & Plumbing Services Limited and state those matters that we have agreed to state to the Board of Directors of Platinum Mechanical & Plumbing Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Platinum Mechanical & Plumbing Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Platinum Mechanical & Plumbing Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Platinum Mechanical & Plumbing Services Limited. You consider that Platinum Mechanical & Plumbing Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Platinum Mechanical & Plumbing Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


16 September 2024

Platinum Mechanical & Plumbing
Services Limited (Registered number: 12164333)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 9,377 5,536

CURRENT ASSETS
Debtors 4 71,417 116,584
Cash at bank 80,560 12,969
151,977 129,553
CREDITORS
Amounts falling due within one year 5 92,447 93,917
NET CURRENT ASSETS 59,530 35,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,907

41,172

PROVISIONS FOR LIABILITIES 1,000 1,100
NET ASSETS 67,907 40,072

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 67,897 40,062
67,907 40,072

Platinum Mechanical & Plumbing
Services Limited (Registered number: 12164333)

Balance Sheet - continued
31 March 2024


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





N A Carter - Director


Platinum Mechanical & Plumbing
Services Limited (Registered number: 12164333)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. 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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

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

Platinum Mechanical & Plumbing
Services Limited (Registered number: 12164333)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023 14,999
Additions 6,600
At 31 March 2024 21,599
DEPRECIATION
At 1 April 2023 9,463
Charge for year 2,759
At 31 March 2024 12,222
NET BOOK VALUE
At 31 March 2024 9,377
At 31 March 2023 5,536

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,216 54,873
Amounts recoverable on contract - 18,253
Other debtors & prepayments 18,201 43,458
71,417 116,584

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,930 89,123
Taxes & social security costs 11,755 4,305
Other creditors & accruals 51,762 489
92,447 93,917