2023-02-012024-01-312024-01-31false06787988M S Plumbing & Heating (UK) 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M S Plumbing & Heating (UK) Limited

Registered Number
06787988
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

M S Plumbing & Heating (UK) Limited
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Sklavou, Melis

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

06787988 (England and Wales)
M S Plumbing & Heating (UK) Limited
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets368,22112,888
68,22112,888
Current assets
Stocks4-50,500
Debtors523,90311,728
Cash at bank and on hand135,35232,281
159,25594,509
Creditors amounts falling due within one year6(132,606)(84,573)
Net current assets (liabilities)26,6499,936
Total assets less current liabilities94,87022,824
Creditors amounts falling due after one year7(11,845)(19,957)
Provisions for liabilities8(12,962)(2,449)
Net assets70,063418
Capital and reserves
Called up share capital100100
Profit and loss account69,963318
Shareholders' funds70,063418
The financial statements were approved and authorised for issue by the Director on 27 August 2024, and are signed on its behalf by:
Sklavou, Melis
Director
Registered Company No. 06787988
M S Plumbing & Heating (UK) Limited
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 2314,98137,7441,95854,683
Additions-59,68552360,208
At 31 January 2414,98197,4292,481114,891
Depreciation and impairment
At 01 February 2314,98126,65116341,795
Charge for year-4,2086674,875
At 31 January 2414,98130,85983046,670
Net book value
At 31 January 24-66,5701,65168,221
At 31 January 23-11,0931,79512,888
4.Stocks

2024

2023

££
Finished goods-50,500
Total-50,500
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables23,7997,000
Other debtors1044,728
Total23,90311,728
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-6,081
Bank borrowings and overdrafts8,1127,912
Taxation and social security16,6098,084
Finance lease and HP contracts49,3642,426
Other creditors58,52160,070
Total132,60684,573
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,84519,957
Total11,84519,957
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)12,9622,449
Total12,9622,449