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REGISTERED NUMBER: 07861929 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

H AND V PIPEWORK SERVICES LIMITED

H AND V PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 07861929)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H AND V PIPEWORK SERVICES LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: Mr L D Vernon
Mr K R Henshaw





REGISTERED OFFICE: The Blacksmiths Cottage
Stamford Street
Glenfield
Leicester
Leicestershire
LE3 8DL





REGISTERED NUMBER: 07861929 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

H AND V PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 07861929)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,135 17,302

CURRENT ASSETS
Debtors 5 6,349 187,395
Cash at bank 115,777 145,253
122,126 332,648
CREDITORS
Amounts falling due within one year 6 5,912 198,980
NET CURRENT ASSETS 116,214 133,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,349

150,970

CREDITORS
Amounts falling due after more than one
year

7

-

(23,333

)

PROVISIONS FOR LIABILITIES (1,877 ) (2,256 )
NET ASSETS 128,472 125,381

CAPITAL AND RESERVES
Called up share capital 9 200 200
Capital redemption reserve 100 100
Retained earnings 128,172 125,081
SHAREHOLDERS' FUNDS 128,472 125,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

H AND V PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 07861929)

BALANCE SHEET - continued
29 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




Mr L D Vernon - Director



Mr K R Henshaw - Director


H AND V PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 07861929)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

H and V Pipework Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Construction contracts
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Interest and dividends receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance


H AND V PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 07861929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 18,523 40,630 10,661 21,992 91,806
Additions - 1,328 - - 1,328
Disposals - - - (8,250 ) (8,250 )
At 29 February 2024 18,523 41,958 10,661 13,742 84,884
DEPRECIATION
At 1 March 2023 13,521 33,438 9,824 17,721 74,504
Charge for year 750 2,048 276 538 3,612
Eliminated on disposal - - - (7,367 ) (7,367 )
At 29 February 2024 14,271 35,486 10,100 10,892 70,749
NET BOOK VALUE
At 29 February 2024 4,252 6,472 561 2,850 14,135
At 28 February 2023 5,002 7,192 837 4,271 17,302

H AND V PIPEWORK SERVICES LIMITED (REGISTERED NUMBER: 07861929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,926 182,609
Other debtors 3,423 4,786
6,349 187,395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 2,134 76,761
Taxation and social security 1,253 24,962
Other creditors 2,525 87,257
5,912 198,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 23,333

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,000 8,000
Between one and five years 8,000 16,000
16,000 24,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200