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REGISTERED NUMBER: 09114231 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

G & K PLUMBING AND HEATING LIMITED

G & K PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 09114231)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & K PLUMBING AND HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: G J Knell





SECRETARY: Mrs K A Knell





REGISTERED OFFICE: 2nd Floor - Robert House
19 Station Road
Chinnor
Oxfordshire
OX39 4PU





REGISTERED NUMBER: 09114231 (England and Wales)





ACCOUNTANTS: Partridges Accountancy Services Limited
Chartered Certified Accountants
2nd Floor - Robert House
19 Station Road
Chinnor
Oxfordshire
OX39 4PU

G & K PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 09114231)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 88,000 96,000
Tangible assets 5 73,425 23,988
161,425 119,988

CURRENT ASSETS
Stocks 10,825 12,163
Debtors 6 43,370 84,755
Cash at bank and in hand 283,286 420,364
337,481 517,282
CREDITORS
Amounts falling due within one year 7 213,080 307,913
NET CURRENT ASSETS 124,401 209,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,826

329,357

CREDITORS
Amounts falling due after more than one year 8 (58,985 ) (34,219 )

PROVISIONS FOR LIABILITIES (13,932 ) (5,966 )
NET ASSETS 212,909 289,172

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 212,809 289,072
SHAREHOLDERS' FUNDS 212,909 289,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

G & K PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 09114231)

BALANCE SHEET - continued
31 AUGUST 2023


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 18 November 2024 and were signed by:





G J Knell - Director


G & K PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 09114231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

G & K 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 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 2014, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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.


G & K PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 09114231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 160,000
AMORTISATION
At 1 September 2022 64,000
Charge for year 8,000
At 31 August 2023 72,000
NET BOOK VALUE
At 31 August 2023 88,000
At 31 August 2022 96,000

G & K PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 09114231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 72,406
Additions 84,918
Disposals (38,748 )
At 31 August 2023 118,576
DEPRECIATION
At 1 September 2022 48,418
Charge for year 21,500
Eliminated on disposal (24,767 )
At 31 August 2023 45,151
NET BOOK VALUE
At 31 August 2023 73,425
At 31 August 2022 23,988

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022 52,797
Additions 82,154
Disposals (38,748 )
At 31 August 2023 96,203
DEPRECIATION
At 1 September 2022 30,913
Charge for year 19,765
Eliminated on disposal (24,767 )
At 31 August 2023 25,911
NET BOOK VALUE
At 31 August 2023 70,292
At 31 August 2022 21,884

G & K PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 09114231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 43,370 84,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,948 12,889
Trade creditors 89,083 83,939
Taxation and social security 45,290 128,005
Other creditors 54,759 73,080
213,080 307,913

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 17,500 27,500
Hire purchase contracts 41,485 6,719
58,985 34,219

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st August 2023 the company owed £41,893 (31.8.2022 - £68,652) to Mr G Knell, the company director. The loan does not attract interest and is repayable on demand.