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REGISTERED NUMBER: 07581311 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Steve Wilcock Plumbing & Heating
Engineers Limited

Steve Wilcock Plumbing & Heating
Engineers Limited (Registered number: 07581311)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

Steve Wilcock Plumbing & Heating
Engineers Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S Wilcock
Mrs J H Wilcock





SECRETARY: Mrs J H Wilcock





REGISTERED OFFICE: Westfield Farm
Feoffee Lane
Pocklington
York
YO42 2PF





REGISTERED NUMBER: 07581311 (England and Wales)





ACCOUNTANTS: Kaye Middleton & Co
19 Railway Street
Pocklington
York
East Yorkshire
YO42 2QR

Steve Wilcock Plumbing & Heating
Engineers Limited (Registered number: 07581311)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,543 68,148

CURRENT ASSETS
Stocks 38,000 38,000
Debtors 5 11,077 20,190
Cash at bank 14,768 15,158
63,845 73,348
CREDITORS
Amounts falling due within one year 6 47,326 52,796
NET CURRENT ASSETS 16,519 20,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,062

88,700

CREDITORS
Amounts falling due after more than one
year

7

50,720

35,034
NET ASSETS 55,342 53,666

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 53,342 51,666
SHAREHOLDERS' FUNDS 55,342 53,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Steve Wilcock Plumbing & Heating
Engineers Limited (Registered number: 07581311)

Statement of Financial Position - continued
31 January 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 15 July 2024 and were signed on its behalf by:




S Wilcock - Director



Mrs J H Wilcock - Director


Steve Wilcock Plumbing & Heating
Engineers Limited (Registered number: 07581311)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Steve Wilcock Plumbing & Heating Engineers 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.

Tangible fixed assets
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.
Improvements to property - 2% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Steve Wilcock Plumbing & Heating
Engineers Limited (Registered number: 07581311)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 16,870 48,604 99,870 11,091 176,435
Additions - - 42,145 2,392 44,537
Disposals - - (62,896 ) - (62,896 )
At 31 January 2024 16,870 48,604 79,119 13,483 158,076
DEPRECIATION
At 1 February 2023 2,696 25,453 72,410 7,728 108,287
Charge for year 337 2,315 2,799 1,438 6,889
Eliminated on disposal - - (46,643 ) - (46,643 )
At 31 January 2024 3,033 27,768 28,566 9,166 68,533
NET BOOK VALUE
At 31 January 2024 13,837 20,836 50,553 4,317 89,543
At 31 January 2023 14,174 23,151 27,460 3,363 68,148

Steve Wilcock Plumbing & Heating
Engineers Limited (Registered number: 07581311)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 50,887
Additions 42,145
Transfer to ownership (50,887 )
At 31 January 2024 42,145
DEPRECIATION
At 1 February 2023 32,656
Transfer to ownership (32,656 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 42,145
At 31 January 2023 18,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,077 20,055
Other debtors - 135
11,077 20,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,065 5,065
Hire purchase contracts 9,198 7,884
Trade creditors 8,439 11,260
Taxation and social security 20,857 24,820
Other creditors 3,767 3,767
47,326 52,796

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,969 35,034
Hire purchase contracts 20,751 -
50,720 35,034

Steve Wilcock Plumbing & Heating
Engineers Limited (Registered number: 07581311)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,708 14,773

Steve Wilcock Plumbing & Heating
Engineers Limited

Report of the Accountants to the Directors of
Steve Wilcock Plumbing & Heating
Engineers Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kaye Middleton & Co
19 Railway Street
Pocklington
York
East Yorkshire
YO42 2QR


15 July 2024