Registered number
06798560
Wirral Plumbing Services Ltd
Filleted Accounts
31 January 2024
Wirral Plumbing Services Ltd
Registered number: 06798560
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,732 3,642
Current assets
Cash at bank and in hand 1,449 97
Creditors: amounts falling due within one year 4 (32,514) (31,816)
Net current liabilities (31,065) (31,719)
Net liabilities (28,333) (28,077)
Capital and reserves
Called up share capital 10 10
Profit and loss account (28,343) (28,087)
Shareholder's funds (28,333) (28,077)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr MJ Duckworth
Director
Approved by the board on 10 October 2024
Wirral Plumbing Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Creditors
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 6,474
At 31 January 2024 6,474
Depreciation
At 1 February 2023 2,832
Charge for the year 910
At 31 January 2024 3,742
Net book value
At 31 January 2024 2,732
At 31 January 2023 3,642
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,900 3,794
Taxation and social security costs - 58
Director's loan account - 1,321
Accruals 800 700
Chrysilis Training & Developments Ltd 3,083 3,083
Other creditors 25,731 22,860
32,514 31,816
During the year, the company made advances to its director totalling £10,023 (2023 £8,089). All advances for this (last) year's accounts were paid off by way of salary on 31 March 2024 (2023). All advances were charged to interest at HM Revenue & Customs' official rate, and were repayable on demand.
5 Other information
Wirral Plumbing Services Ltd is a private company limited by shares and incorporated in Cardiff. Its registered office is:
12 Lychgate
Higher Walton
Warrington
WA4 6TF
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