Registered number
12461600
Sonny's Plumbing & Heating Ltd
Filleted Accounts
29 February 2024
Sonny's Plumbing & Heating Ltd
Registered number: 12461600
Directors' Report
The directors present their report and accounts for the year ended 29 February 2024.
Principal activities
The company's principal activity during the year continued to be plumbing, heating and air-conditioning installation.
Directors
The following persons served as directors during the year:
Sonny Stephen Washington
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 22 November 2024 and signed on its behalf.
Sonny Stephen Washington
Director
Sonny's Plumbing & Heating Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sonny's Plumbing & Heating Ltd for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sonny's Plumbing & Heating Ltd for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Bunting & Co
Chartered Accountants
Punches Barn
Holton
Oxford
OX33 1PR
22 November 2024
Sonny's Plumbing & Heating Ltd
Registered number: 12461600
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,563 25,006
Current assets
Stocks 9,335 -
Debtors 4 22,387 12,045
Cash at bank and in hand 5,355 7,028
37,077 19,073
Creditors: amounts falling due within one year 5 (22,943) (21,704)
Net current assets/(liabilities) 14,134 (2,631)
Net assets 37,697 22,375
Capital and reserves
Called up share capital 100 100
Profit and loss account 37,597 22,275
Shareholders' funds 37,697 22,375
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sonny Stephen Washington
Director
Approved by the board on 22 November 2024
Sonny's Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and motor vehicles 25% per annum on written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 24,763 13,794 38,557
Additions - 5,500 5,500
At 29 February 2024 24,763 19,294 44,057
Depreciation
At 1 March 2023 10,677 2,874 13,551
Charge for the year 3,522 3,421 6,943
At 29 February 2024 14,199 6,295 20,494
Net book value
At 29 February 2024 10,564 12,999 23,563
At 28 February 2023 14,086 10,920 25,006
4 Debtors 2024 2023
£ £
Trade debtors 4,972 7,792
Other debtors 17,415 4,253
22,387 12,045
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,906 1,846
Taxation and social security costs 10,199 4,832
Directors loan accounts 9,838 15,026
22,943 21,704
6 Controlling party
The company is controlled by the directors who between them own all of the issued share capital.
7 Other information
Sonny's Plumbing & Heating Ltd is a private company limited by shares and incorporated in England. Its registered office is:
46 Delbush Avenue
Headington
Oxfordshire
OX3 8DZ
Sonny's Plumbing & Heating Ltd 12461600 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 Sonny Stephen Washington 12461600 2022-03-01 2023-02-28 12461600 core:WithinOneYear 2023-02-28 12461600 core:ShareCapital 2023-02-28 12461600 core:RetainedEarningsAccumulatedLosses 2023-02-28 12461600 2023-03-01 2024-02-29 12461600 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12461600 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12461600 bus:Director40 2023-03-01 2024-02-29 12461600 1 2023-03-01 2024-02-29 12461600 2 2023-03-01 2024-02-29 12461600 core:PlantMachinery 2023-03-01 2024-02-29 12461600 core:Vehicles 2023-03-01 2024-02-29 12461600 countries:England 2023-03-01 2024-02-29 12461600 bus:FRS102 2023-03-01 2024-02-29 12461600 bus:FilletedAccounts 2023-03-01 2024-02-29 12461600 2024-02-29 12461600 core:WithinOneYear 2024-02-29 12461600 core:ShareCapital 2024-02-29 12461600 core:RetainedEarningsAccumulatedLosses 2024-02-29 12461600 core:PlantMachinery 2024-02-29 12461600 core:Vehicles 2024-02-29 12461600 2023-02-28 12461600 core:PlantMachinery 2023-02-28 12461600 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure