Company Registration No. 4864600 (England and Wales)
Watkins Plumbing & Heating Ltd
Unaudited accounts
for the year ended 31 March 2024
Watkins Plumbing & Heating Ltd
Unaudited accounts
Contents
Watkins Plumbing & Heating Ltd
Company Information
for the year ended 31 March 2024
Company Number
4864600 (England and Wales)
Registered Office
1 THE OLD VICARAGE
STITHIANS
TRURO
TR3 7FD
ENGLAND
Accountants
Kate Brown
The Annexe, Rectory Farm
Cranford Road
Great Addington, Kettering
Northants
NN14 4BQ
Watkins Plumbing & Heating Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
2,735
5,472
Cash at bank and in hand
12,867
9,566
Creditors: amounts falling due within one year
2,239
2,548
Net current assets
18,092
16,040
Total assets less current liabilities
20,827
21,512
Creditors: amounts falling due after more than one year
(497)
-
Called up share capital
100
100
Profit and loss account
20,230
21,412
Shareholders' funds
20,330
21,512
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2024 and were signed on its behalf by
R Watkins
Director
Company Registration No. 4864600
Watkins Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 March 2024
Watkins Plumbing & Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 4864600. The registered office is 1 THE OLD VICARAGE, STITHIANS, TRURO, TR3 7FD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Watkins Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
18,745
970
19,715
At 31 March 2024
18,745
970
19,715
At 1 April 2023
13,273
970
14,243
Charge for the year
2,737
-
2,737
At 31 March 2024
16,010
970
16,980
At 31 March 2024
2,735
-
2,735
At 31 March 2023
5,472
-
5,472
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(5,612)
(5,398)
Loans from directors
2,857
2,430
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
497
-
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).