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REGISTERED NUMBER: 05032579 (England and Wales)













Staffordshire Plumbing And Heating
Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Staffordshire Plumbing And Heating
Limited (Registered number: 05032579)






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


Staffordshire Plumbing And Heating
Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: K Horan
D Coleman





SECRETARY: Mrs C Horan





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 05032579 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Staffordshire Plumbing And Heating
Limited (Registered number: 05032579)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,000 20,400
Tangible assets 5 391,150 194,680
Investment property 6 103,899 103,899
512,049 318,979

CURRENT ASSETS
Stocks 200,610 69,415
Debtors 7 1,190,681 1,565,953
Cash at bank and in hand 752,722 768,346
2,144,013 2,403,714
CREDITORS
Amounts falling due within one year 8 744,138 853,196
NET CURRENT ASSETS 1,399,875 1,550,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,911,924

1,869,497

CREDITORS
Amounts falling due after more than one
year

9

(68,279

)

(130,053

)

PROVISIONS FOR LIABILITIES (96,452 ) (36,441 )
NET ASSETS 1,747,193 1,703,003

Staffordshire Plumbing And Heating
Limited (Registered number: 05032579)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 123 123
Share premium 67,897 11,045
Capital redemption reserve 10 -
Retained earnings 1,679,163 1,691,835
SHAREHOLDERS' FUNDS 1,747,193 1,703,003

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.

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:





K Horan - Director


Staffordshire Plumbing And Heating
Limited (Registered number: 05032579)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Staffordshire Plumbing And Heating 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 represents net invoice value of services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2005, is being amortised evenly over its estimated useful life of twenty five 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at cost and represents fair value.

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.

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.

Staffordshire Plumbing And Heating
Limited (Registered number: 05032579)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 24 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 85,000
AMORTISATION
At 1 April 2023 64,600
Charge for year 3,400
At 31 March 2024 68,000
NET BOOK VALUE
At 31 March 2024 17,000
At 31 March 2023 20,400

Staffordshire Plumbing And Heating
Limited (Registered number: 05032579)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 46,922 25,729 571,237 30,678 674,566
Additions - - 335,335 - 335,335
Disposals - - (41,286 ) - (41,286 )
At 31 March 2024 46,922 25,729 865,286 30,678 968,615
DEPRECIATION
At 1 April 2023 39,816 22,846 389,378 27,846 479,886
Charge for year 1,179 721 127,052 934 129,886
Eliminated on disposal - - (32,307 ) - (32,307 )
At 31 March 2024 40,995 23,567 484,123 28,780 577,465
NET BOOK VALUE
At 31 March 2024 5,927 2,162 381,163 1,898 391,150
At 31 March 2023 7,106 2,883 181,859 2,832 194,680

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 103,899
NET BOOK VALUE
At 31 March 2024 103,899
At 31 March 2023 103,899

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 827,705 1,087,082
Amounts owed by associates 328,868 420,368
Other debtors 34,108 58,503
1,190,681 1,565,953

Staffordshire Plumbing And Heating
Limited (Registered number: 05032579)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 50,000
Hire purchase contracts 34,929 33,188
Trade creditors 502,203 571,944
Taxation and social security 105,857 174,405
Other creditors 101,149 23,659
744,138 853,196

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 108,333
Hire purchase contracts 68,279 21,720
68,279 130,053

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
K Horan
Balance outstanding at start of year - 360,394
Amounts repaid - (360,394 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest is charged on the loan at 2% per annum.

11. RELATED PARTY DISCLOSURES

The company has provided a loan to SPH Commercials Limited, a company in which Mr K Horan is a director/shareholder. The balance outstanding at the year end is £328,868 (£420,868 31/3/23), there is no fixed date of repayment, no interest is charged.