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REGISTERED NUMBER: 04954135 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SOWMAN PLUMBING & HEATING LTD

SOWMAN PLUMBING & HEATING LTD (REGISTERED NUMBER: 04954135)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOWMAN PLUMBING & HEATING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: B Sowman





SECRETARY: Mrs J L Sowman





REGISTERED OFFICE: 67 Newland Street
Witham
Essex
CM8 1AA





REGISTERED NUMBER: 04954135 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

SOWMAN PLUMBING & HEATING LTD (REGISTERED NUMBER: 04954135)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,684 14,408

CURRENT ASSETS
Debtors 5 10,225 7,213
Cash at bank 68,909 40,291
79,134 47,504
CREDITORS
Amounts falling due within one year 6 55,735 32,075
NET CURRENT ASSETS 23,399 15,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,083

29,837

PROVISIONS FOR LIABILITIES 2,220 2,738
NET ASSETS 32,863 27,099

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 32,763 26,999
SHAREHOLDERS' FUNDS 32,863 27,099

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 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.

SOWMAN PLUMBING & HEATING LTD (REGISTERED NUMBER: 04954135)

BALANCE SHEET - 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 B Sowman the director and authorised for issue on 8 October 2024 and were signed by:





B Sowman - Director


SOWMAN PLUMBING & HEATING LTD (REGISTERED NUMBER: 04954135)

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

1. STATUTORY INFORMATION

Sowman Plumbing & Heating Ltd 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 represents net invoiced amounts for plumbing services and materials, exclusive of VAT

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 cost
Motor vehicles - 25% on reducing balance

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.

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 5 (2023 - 4 ) .

SOWMAN PLUMBING & HEATING LTD (REGISTERED NUMBER: 04954135)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 794 4,354 34,268 1,582 40,998
Additions 1,312 - - - 1,312
Disposals (794 ) (4,354 ) - - (5,148 )
At 31 January 2024 1,312 - 34,268 1,582 37,162
DEPRECIATION
At 1 February 2023 794 4,354 20,277 1,165 26,590
Charge for year 329 - 3,498 209 4,036
Eliminated on disposal (794 ) (4,354 ) - - (5,148 )
At 31 January 2024 329 - 23,775 1,374 25,478
NET BOOK VALUE
At 31 January 2024 983 - 10,493 208 11,684
At 31 January 2023 - - 13,991 417 14,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,588 6,753
Other debtors 637 460
10,225 7,213

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,142 9,679
Taxation and social security 26,877 17,260
Other creditors 9,716 5,136
55,735 32,075

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors was an amount of £16 owed to B Sowman, a director of the company. This interest free loan was under no formal terms.