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REGISTERED NUMBER: 13160169 (England and Wales)













REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

A R BAILEY PLUMBING LTD

A R BAILEY PLUMBING LTD (REGISTERED NUMBER: 13160169)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


A R BAILEY PLUMBING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A R Bailey





REGISTERED OFFICE: Church Farm Main Street
Willey
Rugby
CV23 0SH





REGISTERED NUMBER: 13160169 (England and Wales)





ACCOUNTANTS: AEH Accountancy Ltd
Church Farm
Main Street
Willey
Warwickshire
CV23 0SH

A R BAILEY PLUMBING LTD (REGISTERED NUMBER: 13160169)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JANUARY 2024

The director presents his report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of plumbing and heating installation.

DIRECTOR
A R Bailey held office during the whole of the period from 1 February 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A R Bailey - Director


21 October 2024

A R BAILEY PLUMBING LTD (REGISTERED NUMBER: 13160169)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   

TURNOVER 82,648 87,015

Cost of sales 49,417 44,119
GROSS PROFIT 33,231 42,896

Administrative expenses 29,946 36,006
OPERATING PROFIT 4 3,285 6,890


Interest payable and similar expenses 1,825 1,694
PROFIT BEFORE TAXATION 1,460 5,196

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 1,460 5,196

A R BAILEY PLUMBING LTD (REGISTERED NUMBER: 13160169)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,623 8,886

CURRENT ASSETS
Stocks 2,500 2,250
Debtors 6 168 1,047
Cash at bank 644 336
3,312 3,633
CREDITORS
Amounts falling due within one year 7 5,157 5,701
NET CURRENT LIABILITIES (1,845 ) (2,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,778

6,818

CREDITORS
Amounts falling due after more than one
year

8

4,550

6,650
NET ASSETS 228 168

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 226 166
228 168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:



A R Bailey - Director


A R BAILEY PLUMBING LTD (REGISTERED NUMBER: 13160169)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

A R Bailey Plumbing 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.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

A R BAILEY PLUMBING LTD (REGISTERED NUMBER: 13160169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 2,263 2,989

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 250 900 10,850 12,000
DEPRECIATION
At 1 February 2023 83 319 2,712 3,114
Charge for year 84 145 2,034 2,263
At 31 January 2024 167 464 4,746 5,377
NET BOOK VALUE
At 31 January 2024 83 436 6,104 6,623
At 31 January 2023 167 581 8,138 8,886

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 168 1,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,100 2,100
VAT 1,726 2,204
Directors' current accounts 30 330
Accrued expenses 1,301 1,067
5,157 5,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 4,550 6,650

9. RELATED PARTY DISCLOSURES

As at the year ended 31 january 2024 there was a balance due to the director, A R Bailey, of £30 (2023 £330). This amount is included within creditors on the balance sheet.