Registered number
11283974
Cranston Heating & Plumbing Ltd
Unaudited Filleted Accounts
31 March 2024
Cranston Heating & Plumbing Ltd
Registered number: 11283974
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,899 989
Current assets
Stocks 1,000 1,000
Debtors 4 4,758 120
Cash at bank and in hand 7,451 11,348
13,209 12,468
Creditors: amounts falling due within one year 5 (19,979) (9,251)
Net current (liabilities)/assets (6,770) 3,217
Net assets 9,129 4,206
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,029 4,106
Shareholders' funds 9,129 4,206
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.
Mr A Cranston
Director
Approved by the board on 24 October 2024
Cranston Heating & Plumbing Ltd
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).
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:
Equipment 25% reducing balance
Motor vehicles 25% reducing balance
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. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 2,229 - 2,229
Additions - 16,725 16,725
At 31 March 2024 2,229 16,725 18,954
Depreciation
At 1 April 2023 1,240 - 1,240
Charge for the year 247 1,568 1,815
At 31 March 2024 1,487 1,568 3,055
Net book value
At 31 March 2024 742 15,157 15,899
At 31 March 2023 989 - 989
4 Debtors 2024 2023
£ £
Trade debtors 4,758 120
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 5,020
Other creditors 19,979 4,231
19,979 9,251
6 Other information
Cranston Heating & Plumbing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Georgian Close
Staines-Upon-Thames
TW18 4NR
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