Registered number
08956901
Dinsdale Plumbing & Heating Limited
Filleted Accounts
31 March 2024
Dinsdale Plumbing & Heating Limited
Registered number: 08956901
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 86,031 83,774
Current assets
Stocks 20,995 10,265
Debtors 5 225,481 182,441
Cash at bank and in hand 136,191 232,411
382,667 425,117
Creditors: amounts falling due within one year 6 (247,864) (297,087)
Net current assets 134,803 128,030
Total assets less current liabilities 220,834 211,804
Creditors: amounts falling due after more than one year 7 (31,922) (29,839)
Net assets 188,912 181,965
Capital and reserves
Called up share capital 5 5
Profit and loss account 188,907 181,960
Shareholders' funds 188,912 181,965
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Kevin Dinsdale
Director
Approved by the board on 23 October 2024
Dinsdale Plumbing & Heating Limited
Notes to the Accounts
for the year ended 31 March 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
Plant and machinery over 7 years
Fixtures, fittings, and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 8,000
At 31 March 2024 8,000
Amortisation
At 1 April 2023 8,000
At 31 March 2024 8,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 29,002 120,499 149,501
Additions 12,337 29,827 42,164
Disposals - (7,800) (7,800)
At 31 March 2024 41,339 142,526 183,865
Depreciation
At 1 April 2023 20,293 45,434 65,727
Charge for the year 5,980 27,508 33,488
On disposals - (1,381) (1,381)
At 31 March 2024 26,273 71,561 97,834
Net book value
At 31 March 2024 15,066 70,965 86,031
At 31 March 2023 8,709 75,065 83,774
5 Debtors 2024 2023
£ £
Trade debtors 34,741 32,029
Other debtors 190,740 150,412
225,481 182,441
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,534 4,839
Obligations under finance lease and hire purchase contracts 3,323 13,753
Trade creditors 138,752 172,697
Taxation and social security costs 55,584 51,484
Other creditors 44,671 54,314
247,864 297,087
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,000 29,839
Obligations under finance lease and hire purchase contracts 6,922 -
31,922 29,839
8 Other information
Dinsdale Plumbing & Heating Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Hutton Close
South Church Enterprise Park
Bishop Auckland
DL14 6XG
Dinsdale Plumbing & Heating Limited 08956901 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Kevin Dinsdale No description of principal activity 08956901 2022-04-01 2023-03-31 08956901 core:WithinOneYear 2023-03-31 08956901 core:AfterOneYear 2023-03-31 08956901 core:ShareCapital 2023-03-31 08956901 core:RetainedEarningsAccumulatedLosses 2023-03-31 08956901 2023-04-01 2024-03-31 08956901 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08956901 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08956901 bus:Director40 2023-04-01 2024-03-31 08956901 1 2023-04-01 2024-03-31 08956901 2 2023-04-01 2024-03-31 08956901 core:PlantMachinery 2023-04-01 2024-03-31 08956901 core:Vehicles 2023-04-01 2024-03-31 08956901 countries:England 2023-04-01 2024-03-31 08956901 bus:FRS102 2023-04-01 2024-03-31 08956901 bus:FilletedAccounts 2023-04-01 2024-03-31 08956901 2024-03-31 08956901 core:WithinOneYear 2024-03-31 08956901 core:AfterOneYear 2024-03-31 08956901 core:ShareCapital 2024-03-31 08956901 core:RetainedEarningsAccumulatedLosses 2024-03-31 08956901 core:Goodwill 2024-03-31 08956901 core:PlantMachinery 2024-03-31 08956901 core:Vehicles 2024-03-31 08956901 2023-03-31 08956901 core:Goodwill 2023-03-31 08956901 core:PlantMachinery 2023-03-31 08956901 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure