1 April 2023 false No description of principal activity Taxfiler 2024.5 12411533business:PrivateLimitedCompanyLtd2023-04-012024-03-31 124115332023-03-31 124115332023-04-012024-03-31 12411533business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 12411533business:FilletedAccounts2023-04-012024-03-31 124115332024-03-31 12411533business:Director12023-04-012024-03-31 12411533business:RegisteredOffice2023-04-012024-03-31 124115332023-03-31 12411533core:WithinOneYear2024-03-31 12411533core:WithinOneYear2023-03-31 12411533core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 12411533core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 12411533core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 12411533core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12411533core:PreviouslyStatedAmount2024-03-31 12411533core:PreviouslyStatedAmount2023-03-31 12411533business:SmallEntities2023-04-012024-03-31 12411533countries:EnglandWales2023-04-012024-03-31 124115332022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12411533 (England and Wales)
COMPETITIVE PLUMBING LTD Unaudited accounts for the year ended 31 March 2024
COMPETITIVE PLUMBING LTD Unaudited accounts Contents
Page
- 2 -
COMPETITIVE PLUMBING LTD Company Information for the year ended 31 March 2024
Director
Paul Dixon
Company Number
12411533 (England and Wales)
Registered Office
11 KNIGHTS MEAD LINGFIELD RH7 6EJ ENGLAND
- 3 -
COMPETITIVE PLUMBING LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
26,996 
18,117 
Cash at bank and in hand
3,330 
5,932 
30,326 
24,049 
Creditors: amounts falling due within one year
(17,368)
(14,911)
Net current assets
12,958 
9,138 
Net assets
12,958 
9,138 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
12,758 
8,938 
Shareholders' funds
12,958 
9,138 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 28 August 2024 and were signed on its behalf by
Paul Dixon Director Company Registration No. 12411533
- 4 -
COMPETITIVE PLUMBING LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
COMPETITIVE PLUMBING LTD is a private company, limited by shares, registered in England and Wales, registration number 12411533. The registered office is 11 KNIGHTS MEAD, LINGFIELD, RH7 6EJ, 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,408 
915 
Trade debtors
4,792 
4,800 
Other debtors
20,796 
12,402 
26,996 
18,117 
- 5 -
COMPETITIVE PLUMBING LTD Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
16,568 
14,111 
Accruals
800 
800 
17,368 
14,911 
6
Transactions with related parties
Mr P Dixon is the director of the company and owns 50% of the issued share capital. Dividends paid during the year amounted to £53,774 (2023-£25148) to Mr P Dixon and £1,000 (2023-£2,000) to Ms A Dixon.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -