TEXGAS PLUMBING LTD

Company Registration Number:
13911496 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

TEXGAS PLUMBING LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

TEXGAS PLUMBING LTD

Balance sheet

As at 29 February 2024


Notes

2024

13 months to 28 February 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 14,601 18,747
Total fixed assets: 14,601 18,747
Current assets
Debtors:   42,930 18,616
Cash at bank and in hand: 1,883 22,474
Total current assets: 44,813 41,090
Creditors: amounts falling due within one year: 4 (38,164) (30,488)
Net current assets (liabilities): 6,649 10,602
Total assets less current liabilities: 21,250 29,349
Creditors: amounts falling due after more than one year: 5 (16,181) (25,653)
Provision for liabilities: (3,650) (3,562)
Total net assets (liabilities): 1,419 134
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,418 133
Shareholders funds: 1,419 134

The notes form part of these financial statements

TEXGAS PLUMBING LTD

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 November 2024
and signed on behalf of the board by:

Name: Mr J Carrier
Status: Director

The notes form part of these financial statements

TEXGAS PLUMBING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 25% R/B Motor vehicles 25% R/B Computer equipment 25% R/B

Other accounting policies

Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Leased assets Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. Pension costs The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

TEXGAS PLUMBING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 13 months to 28 February 2023
Average number of employees during the period 3 3

TEXGAS PLUMBING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 24,995
Additions 721
At 29 February 2024 25,716
Depreciation
At 01 March 2023 6,248
Charge for year 4,867
At 29 February 2024 11,115
Net book value
At 29 February 2024 14,601
At 28 February 2023 18,747

TEXGAS PLUMBING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

At the balance sheet date other creditors due within one year includes £6,448 (2023 £3,424) on which company has given security over the company's property, plant and equipment.

TEXGAS PLUMBING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due after more than one year note

At the balance sheet date other creditors due after one year includes £16,181 (2023 £25,653) on which company has given security over the company's property, plant and equipment.

TEXGAS PLUMBING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Loans to directors

Name of director receiving advance or credit:
Description of the loan: Interest was charged on overdrawn loan at the rate of 2.25%.
£
Balance at 01 March 2023 10,892
Advances or credits made: 36,703
Advances or credits repaid: 21,851
Balance at 29 February 2024 25,744

TEXGAS PLUMBING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

7. Related party transactions

Name of the related party:
Relationship:
Directors
Description of the Transaction: Dividends totalling £18,000 (2023 £21,300) were paid in respect of shares held by the company's directors.
£
Balance at 01 March 2023 21,300
Balance at 29 February 2024 18,000