1 March 2023 false No description of principal activity Taxfiler 2024.6 13941836business:PrivateLimitedCompanyLtd2023-03-012024-02-29 139418362023-02-28 139418362023-03-012024-02-29 13941836business:AuditExemptWithAccountantsReport2023-03-012024-02-29 13941836business:FilletedAccounts2023-03-012024-02-29 139418362024-02-29 13941836business:Director12023-03-012024-02-29 13941836business:RegisteredOffice2023-03-012024-02-29 139418362023-02-28 13941836core:WithinOneYear2024-02-29 13941836core:WithinOneYear2023-02-28 13941836core:AfterOneYear2024-02-29 13941836core:AfterOneYear2023-02-28 13941836core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13941836core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13941836core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13941836core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13941836core:PreviouslyStatedAmount2024-02-29 13941836core:PreviouslyStatedAmount2023-02-28 13941836business:SmallEntities2023-03-012024-02-29 13941836countries:EnglandWales2023-03-012024-02-29 13941836core:PlantMachinery2023-03-012024-02-29 13941836core:MotorVehicles2023-03-012024-02-29 13941836core:ComputerEquipment2023-03-012024-02-29 13941836core:Goodwill2023-02-28 13941836core:Goodwill2024-02-29 13941836core:Goodwill2023-03-012024-02-29 13941836core:PlantMachinery2023-02-28 13941836core:MotorVehicles2023-02-28 13941836core:ComputerEquipment2023-02-28 13941836core:PlantMachinery2024-02-29 13941836core:MotorVehicles2024-02-29 13941836core:ComputerEquipment2024-02-29 13941836business:OrdinaryShareClass12023-03-012024-02-29 13941836business:OrdinaryShareClass12022-02-252023-02-28 13941836business:Director112023-03-012024-02-29 13941836business:Director112023-02-28 13941836business:Director112024-02-29 139418362022-02-252023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13941836 (England and Wales)
Gareth Owen Plumbing & Heating Limited Unaudited accounts for the year ended 29 February 2024
Gareth Owen Plumbing & Heating Limited Unaudited accounts Contents
Page
- 2 -
Gareth Owen Plumbing & Heating Limited Company Information for the year ended 29 February 2024
Director
Mr G Owen
Company Number
13941836 (England and Wales)
Registered Office
45 Ancaster Avenue Hull HU5 4QP England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
- 3 -
Gareth Owen Plumbing & Heating Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,700 
7,600 
Tangible assets
15,046 
19,454 
20,746 
27,054 
Current assets
Inventories
1,500 
- 
Debtors
1,355 
2,790 
Cash at bank and in hand
1,316 
12,678 
4,171 
15,468 
Creditors: amounts falling due within one year
(6,221)
(12,081)
Net current (liabilities)/assets
(2,050)
3,387 
Total assets less current liabilities
18,696 
30,441 
Creditors: amounts falling due after more than one year
(14,626)
(23,476)
Net assets
4,070 
6,965 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,970 
6,865 
Shareholders' funds
4,070 
6,965 
For the year ending 29 February 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 24 October 2024 and were signed on its behalf by
Mr G Owen Director Company Registration No. 13941836
- 4 -
Gareth Owen Plumbing & Heating Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Gareth Owen Plumbing & Heating Limited is a private company, limited by shares, registered in England and Wales, registration number 13941836. The registered office is 45 Ancaster Avenue, Hull, HU5 4QP, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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% Cost
Motor vehicles
25% wdv
Computer equipment
25% cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Gareth Owen Plumbing & Heating Limited Notes to the Accounts for the year ended 29 February 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
9,500 
At 29 February 2024
9,500 
Amortisation
At 1 March 2023
1,900 
Charge for the year
1,900 
At 29 February 2024
3,800 
Net book value
At 29 February 2024
5,700 
At 28 February 2023
7,600 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
470 
25,148 
321 
25,939 
At 29 February 2024
470 
25,148 
321 
25,939 
Depreciation
At 1 March 2023
117 
6,287 
81 
6,485 
Charge for the year
117 
4,211 
80 
4,408 
At 29 February 2024
234 
10,498 
161 
10,893 
Net book value
At 29 February 2024
236 
14,650 
160 
15,046 
At 28 February 2023
353 
18,861 
240 
19,454 
- 6 -
Gareth Owen Plumbing & Heating Limited Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,373 
Trade debtors
1,310 
417 
Other debtors
45 
- 
1,355 
2,790 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,050 
2,050 
VAT
635 
- 
Obligations under finance leases and hire purchase contracts
5,601 
5,601 
Trade creditors
3,584 
- 
Taxes and social security
- 
118 
Loans from directors
(5,649)
4,312 
6,221 
12,081 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,563 
4,612 
Obligations under finance leases and hire purchase contracts
12,063 
17,664 
Other creditors
- 
1,200 
14,626 
23,476 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr G Owen
DCA
- 
11,109 
- 
11,110 
- 
11,109 
- 
11,110 
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -