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REGISTERED NUMBER: 11877311 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Probin's Plumbing & Heating Limited

Probin's Plumbing & Heating Limited (Registered number: 11877311)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Probin's Plumbing & Heating Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D R C Probin
Mrs C L D Probin





SECRETARY:





REGISTERED OFFICE: 13 Briars Close
Churchdown
Gloucester
GL3 2RZ





REGISTERED NUMBER: 11877311 (England and Wales)





ACCOUNTANTS: Monest Accounts Limited
Pure Offices, Kestrel Court
Waterwells Drive, Quedgeley
Gloucester
Gloucestershire
GL2 2AT

Probin's Plumbing & Heating Limited (Registered number: 11877311)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,554 7,949
Tangible assets 5 49,629 33,255
53,183 41,204

CURRENT ASSETS
Stocks 89,024 49,428
Debtors 6 56,729 86,980
Cash at bank 70,605 66,843
216,358 203,251
CREDITORS
Amounts falling due within one year 7 109,542 91,042
NET CURRENT ASSETS 106,816 112,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,999

153,413

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,899 153,313
SHAREHOLDERS' FUNDS 159,999 153,413

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

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

Probin's Plumbing & Heating Limited (Registered number: 11877311)

Statement of Financial Position - continued
31 March 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 12 November 2024 and were signed on its behalf by:





D R C Probin - Director


Probin's Plumbing & Heating Limited (Registered number: 11877311)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Probin's Plumbing & 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Probin's Plumbing & Heating Limited (Registered number: 11877311)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 20,000 4,875 24,875
AMORTISATION
At 1 April 2023 16,000 926 16,926
Charge for year 4,000 395 4,395
At 31 March 2024 20,000 1,321 21,321
NET BOOK VALUE
At 31 March 2024 - 3,554 3,554
At 31 March 2023 4,000 3,949 7,949

Probin's Plumbing & Heating Limited (Registered number: 11877311)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 52,874
Additions 28,781
At 31 March 2024 81,655
DEPRECIATION
At 1 April 2023 19,619
Charge for year 12,407
At 31 March 2024 32,026
NET BOOK VALUE
At 31 March 2024 49,629
At 31 March 2023 33,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 56,303 74,331
Other debtors 426 12,649
56,729 86,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 58,915 45,941
Taxation and social security 14,246 10,114
Other creditors 36,381 34,987
109,542 91,042