Company Registration No. 05190519 (England and Wales)
HUBIE ST PLUMBING WAREHOUSE LIMITED
Unaudited accounts
for the year ended 29 October 2023
HUBIE ST PLUMBING WAREHOUSE LIMITED
Unaudited accounts
Contents
HUBIE ST PLUMBING WAREHOUSE LIMITED
Company Information
for the year ended 29 October 2023
Directors
Ahsaf Shuja CHAUDREY
Sarfraz Shafi CHOUDREY
Company Number
05190519 (England and Wales)
Registered Office
HUBIE ST PLUMBING WAREHOUSE
HUBIE STREET
BURNLEY
LANCS
BB12 0BD
Accountants
AWS
Chartered Certified Accountants
The Mosses Community Centre Cecil Street
Bury
BL9 0SB
HUBIE ST PLUMBING WAREHOUSE LIMITED
Statement of financial position
as at 29 October 2023
Tangible assets
60,769
61,611
Investment property
1,315,862
1,315,862
Cash at bank and in hand
9,066
5,776
Creditors: amounts falling due within one year
(515,050)
(436,940)
Net current liabilities
(440,008)
(365,188)
Total assets less current liabilities
936,624
1,012,286
Creditors: amounts falling due after more than one year
(212,210)
(299,640)
Net assets
724,414
712,646
Called up share capital
2
2
Revaluation reserve
131,827
131,827
Profit and loss account
592,585
580,817
Shareholders' funds
724,414
712,646
For the year ending 29 October 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 14 September 2024 and were signed on its behalf by
Sarfraz Shafi CHOUDREY
Director
Company Registration No. 05190519
HUBIE ST PLUMBING WAREHOUSE LIMITED
Notes to the Accounts
for the year ended 29 October 2023
HUBIE ST PLUMBING WAREHOUSE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05190519. The registered office is HUBIE ST PLUMBING WAREHOUSE, HUBIE STREET, BURNLEY, LANCS, BB12 0BD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
1% straight sine
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 October 2022
150,000
At 29 October 2023
150,000
At 30 October 2022
149,999
At 29 October 2023
149,999
HUBIE ST PLUMBING WAREHOUSE LIMITED
Notes to the Accounts
for the year ended 29 October 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 30 October 2022
64,252
21,114
31,366
12,826
129,558
At 29 October 2023
64,252
21,114
31,366
12,826
129,558
At 30 October 2022
3,719
20,409
31,038
12,781
67,947
Charge for the year
643
106
82
11
842
At 29 October 2023
4,362
20,515
31,120
12,792
68,789
At 29 October 2023
59,890
599
246
34
60,769
At 29 October 2022
60,533
705
328
45
61,611
Fair value at 30 October 2022
1,315,862
At 29 October 2023
1,315,862
Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any
difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit
or loss.
Amounts falling due within one year
Accrued income and prepayments
12,149
12,149
Other debtors
26,827
26,827
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
103,908
47,618
Trade creditors
19,800
19,800
Taxes and social security
56,091
47,679
Other creditors
330,750
317,342
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
212,210
299,640
HUBIE ST PLUMBING WAREHOUSE LIMITED
Notes to the Accounts
for the year ended 29 October 2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Average number of employees
During the year the average number of employees was 4 (2022: 4).