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REGISTERED NUMBER: 14708120 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6TH MARCH 2023 TO 31ST MARCH 2024

FOR

NICHOLS PLUMBING & HEATING LIMITED

NICHOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 14708120)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6TH MARCH 2023 TO 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NICHOLS PLUMBING & HEATING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6TH MARCH 2023 TO 31ST MARCH 2024







DIRECTOR: L B W Nichols





REGISTERED OFFICE: The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA





REGISTERED NUMBER: 14708120 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP

NICHOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 14708120)

BALANCE SHEET
31ST MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 25,206

CURRENT ASSETS
Stocks 5,635
Debtors 5 10,282
Cash at bank 103,647
119,564
CREDITORS
Amounts falling due within one year 6 72,171
NET CURRENT ASSETS 47,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,599

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 72,499
72,599

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31st October 2024 and were signed by:





L B W Nichols - Director


NICHOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 14708120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6TH MARCH 2023 TO 31ST MARCH 2024

1. STATUTORY INFORMATION

Nichols 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% 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 period 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 period 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.

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 period was 3 .

NICHOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 14708120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6TH MARCH 2023 TO 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 25,742
At 31st March 2024 25,742
DEPRECIATION
Charge for period 536
At 31st March 2024 536
NET BOOK VALUE
At 31st March 2024 25,206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,591
Other debtors 5,691
10,282

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 22,224
Taxation and social security 31,958
Other creditors 17,989
72,171