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Company Registration No. 10235668 (England and Wales)
Marc Bolton Plumbing And Heating Services Limited Unaudited accounts for the year ended 30 June 2024
Marc Bolton Plumbing And Heating Services Limited Unaudited accounts Contents
Page
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Marc Bolton Plumbing And Heating Services Limited Company Information for the year ended 30 June 2024
Director
M Bolton
Company Number
10235668 (England and Wales)
Registered Office
Unit 14 Poplar Road Business Park Poplar Road Cleethorpes DN35 8BL England
Accountants
LRCA Limited McCue House 70 Wilton Road Grimsby N E Lincs DN36 4AW
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Marc Bolton Plumbing And Heating Services Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
158,670 
136,961 
Current assets
Inventories
27,000 
17,100 
Debtors
152,698 
124,323 
Cash at bank and in hand
10,161 
39,489 
189,859 
180,912 
Creditors: amounts falling due within one year
(156,255)
(123,360)
Net current assets
33,604 
57,552 
Total assets less current liabilities
192,274 
194,513 
Creditors: amounts falling due after more than one year
(147,825)
(130,714)
Provisions for liabilities
Deferred tax
(39,667)
(34,240)
Net assets
4,782 
29,559 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,682 
29,459 
Shareholders' funds
4,782 
29,559 
For the year ending 30 June 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 27 September 2024 and were signed on its behalf by
M Bolton Director Company Registration No. 10235668
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Marc Bolton Plumbing And Heating Services Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Marc Bolton Plumbing And Heating Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10235668. The registered office is Unit 14 Poplar Road Business Park, Poplar Road, Cleethorpes, DN35 8BL, 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.
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.
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:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Computer equipment
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Marc Bolton Plumbing And Heating Services Limited Notes to the Accounts for the year ended 30 June 2024
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.
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
9,467 
214,702 
6,056 
230,225 
Additions
1,375 
57,930 
5,521 
64,826 
Disposals
- 
(25,340)
(712)
(26,052)
At 30 June 2024
10,842 
247,292 
10,865 
268,999 
Depreciation
At 1 July 2023
6,772 
81,782 
4,710 
93,264 
Charge for the year
1,615 
38,837 
1,398 
41,850 
On disposals
- 
(24,073)
(712)
(24,785)
At 30 June 2024
8,387 
96,546 
5,396 
110,329 
Net book value
At 30 June 2024
2,455 
150,746 
5,469 
158,670 
At 30 June 2023
2,695 
132,920 
1,346 
136,961 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
142,562 
130,905 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
68,000 
47,633 
Accrued income and prepayments
20,398 
12,390 
Other debtors
64,300 
64,300 
152,698 
124,323 
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Marc Bolton Plumbing And Heating Services Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,421 
5,556 
VAT
9,082 
9,623 
Obligations under finance leases and hire purchase contracts
32,861 
27,509 
Trade creditors
56,530 
52,432 
Taxes and social security
20,780 
8,034 
Other creditors
24,924 
16,183 
Loans from directors
252 
364 
Accruals
3,405 
3,659 
156,255 
123,360 
Hire Purchase agreements are secured on the asset to which they relate.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,314 
32,870 
Obligations under finance leases and hire purchase contracts
120,511 
97,844 
147,825 
130,714 
Aggregate of amounts that fall due for payment after five years
5,090 
10,648 
Hire Purchase agreements are secured on the asset to which they relate.
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
39,667 
34,240 
2024 
2023 
£ 
£ 
Provision at start of year
34,240 
23,948 
Charged to the profit and loss account
5,427 
10,292 
Provision at end of year
39,667 
34,240 
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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