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REGISTERED NUMBER: 05605199 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

S & G PLUMBING AND HEATING
SERVICES LIMITED

S & G PLUMBING AND HEATING
SERVICES LIMITED (REGISTERED NUMBER: 05605199)

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


S & G PLUMBING AND HEATING
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S Skelton





SECRETARY: Mr S Skelton





REGISTERED OFFICE: 11 Camomile Road
Melton Mowbray
Loughborough
Leicestershire
LE13 0FZ





REGISTERED NUMBER: 05605199 (England and Wales)

S & G PLUMBING AND HEATING
SERVICES LIMITED (REGISTERED NUMBER: 05605199)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,427 67,332

CURRENT ASSETS
Stocks 3,000 925
Debtors 5 141,255 132,196
Cash at bank 136,806 132,641
281,061 265,762
CREDITORS
Amounts falling due within one year 6 111,256 90,218
NET CURRENT ASSETS 169,805 175,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,232

242,876

CREDITORS
Amounts falling due after more than one year 7 (36,902 ) (35,715 )

PROVISIONS FOR LIABILITIES (12,975 ) (16,671 )
NET ASSETS 206,355 190,490

CAPITAL AND RESERVES
Called up share capital 72 72
Capital redemption reserve 28 28
Retained earnings 206,255 190,390
SHAREHOLDERS' FUNDS 206,355 190,490

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 director acknowledges his 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.

S & G PLUMBING AND HEATING
SERVICES LIMITED (REGISTERED NUMBER: 05605199)

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 director and authorised for issue on 30 September 2024 and were signed by:





Mr S Skelton - Director


S & G PLUMBING AND HEATING
SERVICES LIMITED (REGISTERED NUMBER: 05605199)

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


1. STATUTORY INFORMATION

S & G Plumbing and Heating Services 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and is recognised once the work is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

S & G PLUMBING AND HEATING
SERVICES LIMITED (REGISTERED NUMBER: 05605199)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 40,154 31,261 105,860 177,275
Additions 4,896 358 36,732 41,986
Disposals - - (12,750 ) (12,750 )
At 31 March 2024 45,050 31,619 129,842 206,511
DEPRECIATION
At 1 April 2023 31,765 18,211 59,967 109,943
Charge for year 2,657 2,682 16,268 21,607
Eliminated on disposal - - (11,466 ) (11,466 )
At 31 March 2024 34,422 20,893 64,769 120,084
NET BOOK VALUE
At 31 March 2024 10,628 10,726 65,073 86,427
At 31 March 2023 8,389 13,050 45,893 67,332

S & G PLUMBING AND HEATING
SERVICES LIMITED (REGISTERED NUMBER: 05605199)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 139,846 118,804
Other debtors 1,409 13,392
141,255 132,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 11,775 14,501
Trade creditors 3,247 4,565
Taxation and social security 75,486 53,572
Other creditors 10,748 7,580
111,256 90,218

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 20,235 9,048
36,902 35,715

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 32,010 23,549

The amounts due under hire purchase agreements are secured on the assets concerned.