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
Marc Bolton Plumbing And Heating Services Limited
Company Information
for the year ended 30 June 2024
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
Marc Bolton Plumbing And Heating Services Limited
Statement of financial position
as at 30 June 2024
Tangible assets
158,670
136,961
Cash at bank and in hand
10,161
39,489
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)
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
Marc Bolton Plumbing And Heating Services Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts are presented in £ sterling.
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 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.
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.
Marc Bolton Plumbing And Heating Services Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
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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
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
At 30 June 2024
2,455
150,746
5,469
158,670
At 30 June 2023
2,695
132,920
1,346
136,961
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
142,562
130,905
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
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
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
Hire Purchase agreements are secured on the asset to which they relate.
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
120,511
97,844
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.
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Deferred taxation
2024
2023
Accelerated capital allowances
39,667
34,240
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).