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Company Registration No. 11708975 (England and Wales)
G & R Plumbing & Heating Contractors Ltd Unaudited accounts for the year ended 31 December 2023
G & R Plumbing & Heating Contractors Ltd Unaudited accounts Contents
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G & R Plumbing & Heating Contractors Ltd Company Information for the year ended 31 December 2023
Directors
Mr Gavin Pratt Mrs Rachael Erica Pratt
Company Number
11708975 (England and Wales)
Registered Office
City Tax Shop 3 High Street Ibstock Leicestershire LE67 6LG England
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G & R Plumbing & Heating Contractors Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,707 
62,436 
Current assets
Debtors
11,347 
19,759 
Cash at bank and in hand
70,004 
37,956 
81,351 
57,715 
Creditors: amounts falling due within one year
(41,252)
(37,220)
Net current assets
40,099 
20,495 
Total assets less current liabilities
81,806 
82,931 
Provisions for liabilities
Deferred tax
(7,924)
(11,863)
Net assets
73,882 
71,068 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
73,782 
70,968 
Shareholders' funds
73,882 
71,068 
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.
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 16 September 2024 and were signed on its behalf by
Mr Gavin Pratt Director Company Registration No. 11708975
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G & R Plumbing & Heating Contractors Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
G & R Plumbing & Heating Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 11708975. The registered office is City Tax Shop, 3 High Street, Ibstock, Leicestershire, LE67 6LG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Motor vehicles
25% per annum reducing balance
Pension costs
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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G & R Plumbing & Heating Contractors Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2023
103,022 
Disposals
(24,182)
At 31 December 2023
78,840 
Depreciation
At 1 January 2023
40,586 
Charge for the year
13,632 
On disposals
(17,085)
At 31 December 2023
37,133 
Net book value
At 31 December 2023
41,707 
At 31 December 2022
62,436 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
313 
8,132 
Trade debtors
4,110 
3,728 
Other debtors
6,924 
7,899 
11,347 
19,759 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
9,384 
7,512 
Taxes and social security
9,689 
6,536 
Loans from directors
21,679 
22,472 
Accruals
500 
700 
41,252 
37,220 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
7,924 
11,863 
2023 
2022 
£ 
£ 
Provision at start of year
11,863 
4,877 
(Credited)/charged to the profit and loss account
(3,939)
6,986 
Provision at end of year
7,924 
11,863 
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G & R Plumbing & Heating Contractors Ltd Notes to the Accounts for the year ended 31 December 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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