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REGISTERED NUMBER: 04711331 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

A.S.A.P. Plumbing (Bucks) Limited

A.S.A.P. Plumbing (Bucks) Limited (Registered number: 04711331)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.S.A.P. Plumbing (Bucks) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr J A Rugg





SECRETARY: Mrs J A Rugg





REGISTERED OFFICE: 38 St John's Road
Penn
Bucks
HP10 8HU





REGISTERED NUMBER: 04711331 (England and Wales)





ACCOUNTANTS: Whitemead Accountants Limited
3 Whiteley
Windsor
Berks
SL4 5PJ

A.S.A.P. Plumbing (Bucks) Limited (Registered number: 04711331)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,197 263,727
Investment property 5 400,000 -
404,197 263,727

CURRENT ASSETS
Stocks 500 500
Debtors 6 29,076 24,069
Cash at bank 642,618 617,655
672,194 642,224
CREDITORS
Amounts falling due within one year 7 112,323 117,044
NET CURRENT ASSETS 559,871 525,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,068

788,907

PROVISIONS FOR LIABILITIES 797 1,037
NET ASSETS 963,271 787,870

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 141,731 -
Retained earnings 821,440 787,770
963,271 787,870

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

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

A.S.A.P. Plumbing (Bucks) Limited (Registered number: 04711331)

Balance Sheet - continued
30 April 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 9 October 2024 and were signed by:





Mr J A Rugg - Director


A.S.A.P. Plumbing (Bucks) Limited (Registered number: 04711331)

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

1. STATUTORY INFORMATION

A.S.A.P. Plumbing (Bucks) 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.

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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

A.S.A.P. Plumbing (Bucks) Limited (Registered number: 04711331)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 258,269 37,567 295,836
Additions - 642 642
Disposals - (16,931 ) (16,931 )
Reclassification/transfer (258,269 ) - (258,269 )
At 30 April 2024 - 21,278 21,278
DEPRECIATION
At 1 May 2023 - 32,109 32,109
Charge for year - 949 949
Eliminated on disposal - (15,977 ) (15,977 )
At 30 April 2024 - 17,081 17,081
NET BOOK VALUE
At 30 April 2024 - 4,197 4,197
At 30 April 2023 258,269 5,458 263,727

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 141,731
Reclassification/transfer 258,269
At 30 April 2024 400,000
NET BOOK VALUE
At 30 April 2024 400,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 141,731
Cost 258,269
400,000

A.S.A.P. Plumbing (Bucks) Limited (Registered number: 04711331)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 27,932 22,925
Other debtors 1,144 1,144
29,076 24,069

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 21,601 34,674
Taxation and social security 34,702 21,265
Other creditors 56,020 61,105
112,323 117,044

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 11,541 -
Between one and five years 15,388 -
26,929 -

9. RESERVES
Revaluation
reserve
£   
Property revaluation 141,731

At 30 April 2024 141,731