Octopus Plumbing Ltd 09805196 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Plumbing, heat and air-conditioning installation Digita Accounts Production Advanced 6.30.9574.0 true true 09805196 2023-04-01 2024-03-31 09805196 2024-03-31 09805196 bus:OrdinaryShareClass1 2024-03-31 09805196 core:RetainedEarningsAccumulatedLosses 2024-03-31 09805196 core:ShareCapital 2024-03-31 09805196 core:CurrentFinancialInstruments 2024-03-31 09805196 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09805196 core:OfficeEquipment 2024-03-31 09805196 core:PlantMachinery 2024-03-31 09805196 bus:SmallEntities 2023-04-01 2024-03-31 09805196 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09805196 bus:FilletedAccounts 2023-04-01 2024-03-31 09805196 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09805196 bus:RegisteredOffice 2023-04-01 2024-03-31 09805196 bus:Director1 2023-04-01 2024-03-31 09805196 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09805196 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09805196 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09805196 core:ShareCapital 2023-04-01 2024-03-31 09805196 core:OfficeEquipment 2023-04-01 2024-03-31 09805196 core:PlantMachinery 2023-04-01 2024-03-31 09805196 core:VehiclesPlantMachinery 2023-04-01 2024-03-31 09805196 countries:England 2023-04-01 2024-03-31 09805196 2023-03-31 09805196 core:RetainedEarningsAccumulatedLosses 2023-03-31 09805196 core:ShareCapital 2023-03-31 09805196 core:OfficeEquipment 2023-03-31 09805196 core:PlantMachinery 2023-03-31 09805196 2022-04-01 2023-03-31 09805196 2023-03-31 09805196 bus:OrdinaryShareClass1 2023-03-31 09805196 core:CurrentFinancialInstruments 2023-03-31 09805196 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09805196 core:OfficeEquipment 2023-03-31 09805196 core:PlantMachinery 2023-03-31 09805196 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09805196 core:ShareCapital 2022-04-01 2023-03-31 09805196 2022-03-31 09805196 core:RetainedEarningsAccumulatedLosses 2022-03-31 09805196 core:ShareCapital 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09805196

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Company Information

Director

Mr Grzegorz Wojcik

Registered office

55 Tynemouth Road
Mitcham
Surrey
CR4 2BQ

Accountants

EJS Accounting Ltd
128 Clitterhouse Road
London
NW2 1DN

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

(Registration number: 09805196)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

48,647

22,514

Current assets

 

Debtors

5

269,765

245,209

Cash at bank and in hand

 

184,010

89,856

 

453,775

335,065

Creditors: Amounts falling due within one year

6

(97,061)

(53,694)

Net current assets

 

356,714

281,371

Net assets

 

405,361

303,885

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

405,261

303,785

Shareholders' funds

 

405,361

303,885

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 October 2024
 

.........................................
Mr Grzegorz Wojcik
Director

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

100

303,785

303,885

Profit for the year

-

131,076

131,076

Dividends

-

(29,600)

(29,600)

At 31 March 2024

100

405,261

405,361

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

100

232,202

232,302

Profit for the year

-

96,183

96,183

Dividends

-

(24,600)

(24,600)

At 31 March 2023

100

303,785

303,885

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
55 Tynemouth Road
Mitcham
Surrey
CR4 2BQ
United Kingdom

These financial statements were authorised for issue by the director on 28 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plan &Machinery

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 5).

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

43,623

2,525

46,148

Additions

38,223

-

38,223

At 31 March 2024

81,846

2,525

84,371

Depreciation

At 1 April 2023

22,124

1,510

23,634

Charge for the year

11,945

145

12,090

At 31 March 2024

34,069

1,655

35,724

Carrying amount

At 31 March 2024

47,777

870

48,647

At 31 March 2023

21,499

1,015

22,514

5

Debtors

Current

2024
£

2023
£

Trade debtors

28,078

8,231

Prepayments

-

1

Other debtors

241,687

236,977

 

269,765

245,209

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

8,752

63

Taxation and social security

60,429

44,502

Accruals and deferred income

500

-

Other creditors

27,380

9,129

97,061

53,694

 

Octopus Plumbing Ltd

trading as Octopus Plumbing LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100