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REGISTERED NUMBER: 07189559 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASTRAL PLUMBING LIMITED

ASTRAL PLUMBING LIMITED (REGISTERED NUMBER: 07189559)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASTRAL PLUMBING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S A Hamilton
Mr M C L Hamilton





REGISTERED OFFICE: 4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 07189559 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

ASTRAL PLUMBING LIMITED (REGISTERED NUMBER: 07189559)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,006 38,951
30,006 38,951

CURRENT ASSETS
Stocks 3,972 5,710
Debtors 6 4,889 12,317
Cash at bank and in hand 13,931 19,590
22,792 37,617
CREDITORS
Amounts falling due within one year 7 26,248 38,122
NET CURRENT LIABILITIES (3,456 ) (505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,550

38,446

CREDITORS
Amounts falling due after more than one
year

8

(20,555

)

(30,599

)

PROVISIONS FOR LIABILITIES 11 (5,701 ) (7,401 )
NET ASSETS 294 446

CAPITAL AND RESERVES
Called up share capital 12 101 101
Retained earnings 193 345
SHAREHOLDERS' FUNDS 294 446

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.

ASTRAL PLUMBING LIMITED (REGISTERED NUMBER: 07189559)

BALANCE SHEET - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mr S A Hamilton - Director


ASTRAL PLUMBING LIMITED (REGISTERED NUMBER: 07189559)

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


1. STATUTORY INFORMATION

Astral Plumbing 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 2010, 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 Profit and Loss Account, 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.


ASTRAL PLUMBING LIMITED (REGISTERED NUMBER: 07189559)

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 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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

ASTRAL PLUMBING LIMITED (REGISTERED NUMBER: 07189559)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 April 2023 7,000 48,013 3,375 58,388
Additions - - 968 968
At 31 March 2024 7,000 48,013 4,343 59,356
DEPRECIATION
At 1 April 2023 6,834 10,771 1,832 19,437
Charge for year 41 9,310 562 9,913
At 31 March 2024 6,875 20,081 2,394 29,350
NET BOOK VALUE
At 31 March 2024 125 27,932 1,949 30,006
At 31 March 2023 166 37,242 1,543 38,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,367 659
Directors' current accounts 3,234 -
S455 CTA 2010 tax recoverable - 6,743
VAT - 4,714
Prepayments 288 201
4,889 12,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,211 7,835
Hire purchase contracts (see note 9) - 3,176
Trade creditors 4,755 15,493
Tax 8,045 4,085
Social security and other taxes 1,723 1,903
VAT 1,994 -
Directors' current accounts 9 5,182
Accrued expenses 511 448
26,248 38,122

ASTRAL PLUMBING LIMITED (REGISTERED NUMBER: 07189559)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 10,589 9,212
Bank loans - 2-5 years 9,966 20,555
Hire purchase contracts (see note 9) - 832
20,555 30,599

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year - 3,176
Between one and five years - 832
- 4,008

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 29,766 37,602

The bank loan is secured by way of personal guarantee given by the director.

11. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 5,701 7,401

Deferred tax
£
Balance at 1 April 2023 7,401
Provided during year (1,700 )
Balance at 31 March 2024 5,701

ASTRAL PLUMBING LIMITED (REGISTERED NUMBER: 07189559)

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


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
101 101

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S A Hamilton.