Silverfin false false 31/01/2024 01/02/2023 31/01/2024 R Graham 26/04/2016 28 October 2024 The principal activity of the Company during the financial year was that of plumbing, heat and air-conditioning installation. 10147997 2024-01-31 10147997 bus:Director1 2024-01-31 10147997 2023-01-31 10147997 core:CurrentFinancialInstruments 2024-01-31 10147997 core:CurrentFinancialInstruments 2023-01-31 10147997 core:ShareCapital 2024-01-31 10147997 core:ShareCapital 2023-01-31 10147997 core:RetainedEarningsAccumulatedLosses 2024-01-31 10147997 core:RetainedEarningsAccumulatedLosses 2023-01-31 10147997 core:Goodwill 2023-01-31 10147997 core:Goodwill 2024-01-31 10147997 core:Vehicles 2023-01-31 10147997 core:Vehicles 2024-01-31 10147997 2023-02-01 2024-01-31 10147997 bus:FilletedAccounts 2023-02-01 2024-01-31 10147997 bus:SmallEntities 2023-02-01 2024-01-31 10147997 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10147997 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10147997 bus:Director1 2023-02-01 2024-01-31 10147997 core:Goodwill core:TopRangeValue 2023-02-01 2024-01-31 10147997 core:Vehicles 2023-02-01 2024-01-31 10147997 2022-02-01 2023-01-31 10147997 core:Goodwill 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 10147997 (England and Wales)

SOUTHSHORE HEATING AND PLUMBING LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

SOUTHSHORE HEATING AND PLUMBING LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

SOUTHSHORE HEATING AND PLUMBING LIMITED

BALANCE SHEET

As at 31 January 2024
SOUTHSHORE HEATING AND PLUMBING LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 6,300 8,400
Tangible assets 4 14,062 18,750
20,362 27,150
Current assets
Stocks 5 0 7,000
Debtors 6 17,369 19,642
Cash at bank and in hand 15,288 13,931
32,657 40,573
Creditors: amounts falling due within one year 7 ( 14,488) ( 34,460)
Net current assets 18,169 6,113
Total assets less current liabilities 38,531 33,263
Net assets 38,531 33,263
Capital and reserves
Called-up share capital 10 10
Profit and loss account 38,521 33,253
Total shareholder's funds 38,531 33,263

For the financial year ending 31 January 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 financial statements of Southshore Heating and Plumbing Limited (registered number: 10147997) were approved and authorised for issue by the Director on 28 October 2024. They were signed on its behalf by:

R Graham
Director
SOUTHSHORE HEATING AND PLUMBING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
SOUTHSHORE HEATING AND PLUMBING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Southshore Heating and Plumbing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, BH15 2PW, POOLE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2023 10,500 10,500
At 31 January 2024 10,500 10,500
Accumulated amortisation
At 01 February 2023 2,100 2,100
Charge for the financial year 2,100 2,100
At 31 January 2024 4,200 4,200
Net book value
At 31 January 2024 6,300 6,300
At 31 January 2023 8,400 8,400

4. Tangible assets

Vehicles Total
£ £
Cost
At 01 February 2023 25,000 25,000
At 31 January 2024 25,000 25,000
Accumulated depreciation
At 01 February 2023 6,250 6,250
Charge for the financial year 4,688 4,688
At 31 January 2024 10,938 10,938
Net book value
At 31 January 2024 14,062 14,062
At 31 January 2023 18,750 18,750

5. Stocks

2024 2023
£ £
Work in progress 0 7,000

6. Debtors

2024 2023
£ £
Trade debtors 270 700
Amounts owed by director 5,279 0
Prepayments 449 387
VAT recoverable 2,239 0
Other debtors 9,132 18,555
17,369 19,642

7. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 12,933 18,203
Other taxation and social security 55 ( 1,331)
Other creditors 1,500 17,588
14,488 34,460

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Loans to participators 5,279 0