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REGISTERED NUMBER: 08004382 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

NIGEL STOVES PLUMBING AND HEATING
LIMITED

NIGEL STOVES PLUMBING AND HEATING
LIMITED (REGISTERED NUMBER: 08004382)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NIGEL STOVES PLUMBING AND HEATING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs. S. C. Stoves
Mr. K. N. Stoves
Mr. M. R. Stoves





REGISTERED OFFICE: 46 Ingleby Grove
Hartburn
Stockton-on-Tees
TS18 5AX





REGISTERED NUMBER: 08004382 (England and Wales)

NIGEL STOVES PLUMBING AND HEATING
LIMITED (REGISTERED NUMBER: 08004382)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 57,207 27,022

CURRENT ASSETS
Stocks 3,000 2,000
Debtors 30,488 36,551
Cash at bank 62,784 38,186
96,272 76,737
CREDITORS
Amounts falling due within one year 109,159 95,117
NET CURRENT LIABILITIES (12,887 ) (18,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,320

8,642

CREDITORS
Amounts falling due after more than one
year

(12,862

)

-

PROVISIONS FOR LIABILITIES (14,302 ) (6,756 )
NET ASSETS 17,156 1,886

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 17,036 1,766
SHAREHOLDERS' FUNDS 17,156 1,886

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

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

NIGEL STOVES PLUMBING AND HEATING
LIMITED (REGISTERED NUMBER: 08004382)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 November 2024 and were signed on its behalf by:





Mrs. S. C. Stoves - Director


NIGEL STOVES PLUMBING AND HEATING
LIMITED (REGISTERED NUMBER: 08004382)

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


1. STATUTORY INFORMATION

Nigel Stoves Plumbing and Heating 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.

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 represents the net invoiced sales of goods and the value of work done in the period, excluding value added tax.

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 etc - 25% on reducing balance and 15% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

NIGEL STOVES PLUMBING AND HEATING
LIMITED (REGISTERED NUMBER: 08004382)

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


4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 June 2023 71,814
Additions 44,266
Disposals (20,688 )
At 31 May 2024 95,392
DEPRECIATION
At 1 June 2023 44,792
Charge for year 11,415
Eliminated on disposal (18,022 )
At 31 May 2024 38,185
NET BOOK VALUE
At 31 May 2024 57,207
At 31 May 2023 27,022

5. RELATED PARTY DISCLOSURES

At 31 May 2024 the company was owed £1,747 (2023: £1,963) from owners with a participating interest. The amounts owed are interest free and repayable on demand.

6. POST BALANCE SHEET EVENTS

Dividends of £120 per share on the 100 Ordinary 'A' shares were declared on 29 July 2024. Dividends of £1,000 per share on the 20 Ordinary 'B' shares were declared on 29 July 2024 and on 25 October 2024.