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REGISTERED NUMBER: 09955864 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 January 2024

for

PLUMBING GEEKS LTD

PLUMBING GEEKS LTD (REGISTERED NUMBER: 09955864)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLUMBING GEEKS LTD

Company Information
for the Year Ended 30 January 2024







DIRECTOR: C R Palfreyman





SECRETARY:





REGISTERED OFFICE: Housley Cottage
Housley Foolow
Eyam
Hope Valley
Derbyshire
S32 5QB





REGISTERED NUMBER: 09955864 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

PLUMBING GEEKS LTD (REGISTERED NUMBER: 09955864)

Balance Sheet
30 January 2024

30/1/24 30/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,603 66,588

CURRENT ASSETS
Stocks 22,000 8,604
Debtors 5 12,634 11,115
Cash at bank and in hand 8,061 18,187
42,695 37,906
CREDITORS
Amounts falling due within one year 6 28,026 17,353
NET CURRENT ASSETS 14,669 20,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,272

87,141

CREDITORS
Amounts falling due after more than one
year

7

68,660

83,667
NET ASSETS 612 3,474

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 611 3,473
SHAREHOLDERS' FUNDS 612 3,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

PLUMBING GEEKS LTD (REGISTERED NUMBER: 09955864)

Balance Sheet - continued
30 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 director and authorised for issue on 21 October 2024 and were signed by:





C R Palfreyman - Director


PLUMBING GEEKS LTD (REGISTERED NUMBER: 09955864)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Plumbing Geeks 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 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.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PLUMBING GEEKS LTD (REGISTERED NUMBER: 09955864)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 January 2023 83,235
Additions 1,332
At 30 January 2024 84,567
DEPRECIATION
At 31 January 2023 16,647
Charge for year 13,317
At 30 January 2024 29,964
NET BOOK VALUE
At 30 January 2024 54,603
At 30 January 2023 66,588

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/1/24 30/1/23
£    £   
Trade debtors 12,634 6,282
Other debtors - 4,833
12,634 11,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/1/24 30/1/23
£    £   
Trade creditors 24,837 16,277
Taxation and social security 2,113 -
Other creditors 1,076 1,076
28,026 17,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/1/24 30/1/23
£    £   
Hire purchase contracts 53,412 60,917
Other creditors 15,248 22,750
68,660 83,667