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REGISTERED NUMBER: 04341321 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WESTMINSTER HEATING & PLUMBING LIMITED

WESTMINSTER HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 04341321)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTMINSTER HEATING & PLUMBING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M Taylor
Mrs LA Taylor





REGISTERED OFFICE: 12 High Street
Stanford Le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 04341321 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

WESTMINSTER HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 04341321)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 127,015 44,678
127,015 44,678

CURRENT ASSETS
Debtors 6 247,853 52,376
Cash at bank 319,564 439,824
567,417 492,200
CREDITORS
Amounts falling due within one year 7 155,645 166,396
NET CURRENT ASSETS 411,772 325,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,787

370,482

CREDITORS
Amounts falling due after more than one year 8 (41,480 ) -

PROVISIONS FOR LIABILITIES 10 (27,448 ) (11,170 )
NET ASSETS 469,859 359,312

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 469,759 359,212
SHAREHOLDERS' FUNDS 469,859 359,312

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.

WESTMINSTER HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 04341321)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr M Taylor - Director


WESTMINSTER HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 04341321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Westminster Heating & Plumbing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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 comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Furniture, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

WESTMINSTER HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 04341321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

WESTMINSTER HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 04341321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Furniture,
Improvements fittings
to Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 - 2,149 4,856 85,813 92,818
Additions 17,659 - 1,300 85,198 104,157
Disposals - - (1,374 ) - (1,374 )
At 31 March 2024 17,659 2,149 4,782 171,011 195,601
DEPRECIATION
At 1 April 2023 - 2,142 2,185 43,813 48,140
Charge for year 437 2 777 19,907 21,123
Eliminated on disposal - - (677 ) - (677 )
At 31 March 2024 437 2,144 2,285 63,720 68,586
NET BOOK VALUE
At 31 March 2024 17,222 5 2,497 107,291 127,015
At 31 March 2023 - 7 2,671 42,000 44,678

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 53,961
At 31 March 2024 53,961
DEPRECIATION
Charge for year 2,248
At 31 March 2024 2,248
NET BOOK VALUE
At 31 March 2024 51,713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,525 45,098
Other debtors 228,328 7,278
247,853 52,376

WESTMINSTER HEATING & PLUMBING LIMITED (REGISTERED NUMBER: 04341321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,841 -
Trade creditors 3,801 3,439
Corporation tax 46,425 76,596
Social security and other taxes 55,126 53,770
Other creditors 18,142 9,380
Directors' current accounts 25,310 23,211
155,645 166,396

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 41,480 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 48,321 -

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,448 11,170

Deferred
tax
£   
Balance at 1 April 2023 11,170
Provided during year 16,278
Balance at 31 March 2024 27,448

The provision for deferred taxation is made up of accelerated capital allowances.

11. RELATED PARTY DISCLOSURES

The directors of the company are also directors and shareholders of the company J&B Taylor Limited. An interest free loan repayable on demand has been made to the company at 31 March 2024. The amount outstanding at 31 March 2024 was £220,000.