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REGISTERED NUMBER: 08527863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SDP PLUMBING AND HEATING LIMITED

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)






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


SDP PLUMBING AND HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Dobson
D Dobson





REGISTERED OFFICE: 12 Field Avenue
CANTERBURY
Kent
CT1 1TP





REGISTERED NUMBER: 08527863 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,148 71,753

CURRENT ASSETS
Debtors 5 50,056 45,198
Cash at bank 31,746 28,672
81,802 73,870
CREDITORS
Amounts falling due within one year 6 108,769 113,578
NET CURRENT LIABILITIES (26,967 ) (39,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,181

32,045

CREDITORS
Amounts falling due after more than one
year

7

(15,539

)

(29,752

)

PROVISIONS FOR LIABILITIES (757 ) (2,554 )
NET ASSETS/(LIABILITIES) 16,885 (261 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 16,883 (263 )
SHAREHOLDERS' FUNDS 16,885 (261 )

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.

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





D Dobson - Director


SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

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

1. STATUTORY INFORMATION

SDP 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Short leasehold - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

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

2. ACCOUNTING POLICIES - continued

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 useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is the shorter.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 59,500 10,895 525
Additions - 1,022 -
At 31 March 2024 59,500 11,917 525
DEPRECIATION
At 1 April 2023 1,190 7,302 148
Charge for year 1,190 2,384 173
At 31 March 2024 2,380 9,686 321
NET BOOK VALUE
At 31 March 2024 57,120 2,231 204
At 31 March 2023 58,310 3,593 377

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 98,389 16,107 185,416
Additions - 790 1,812
At 31 March 2024 98,389 16,897 187,228
DEPRECIATION
At 1 April 2023 89,622 15,401 113,663
Charge for year 8,767 903 13,417
At 31 March 2024 98,389 16,304 127,080
NET BOOK VALUE
At 31 March 2024 - 593 60,148
At 31 March 2023 8,767 706 71,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,056 28,469
Other debtors - 500
Directors' current accounts - 8,529
VAT - 7,700
50,056 45,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,600 9,600
Hire purchase contracts (see note 8) 8,278 11,518
Trade creditors 23,788 18,199
Tax 19,038 7,003
Social security and other taxes 3,844 3,273
VAT 6,292 -
Other creditors 25,717 45,569
Directors' current accounts 12,212 18,416
108,769 113,578

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,600 9,600
Bank loans - 2-5 years 5,939 11,200
Hire purchase contracts (see note 8) - 8,952
15,539 29,752

SDP PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 08527863)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,278 11,518
Between one and five years - 8,952
8,278 20,470

Non-cancellable operating leases
2024 2023
£    £   
Within one year 11,250 6,110
Between one and five years 45,821 37,794
57,071 43,904

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 8,278 20,470

Hire purchase contracts and leases are secured on the related assets.

The Bounce Back Loan of £25,139 (2023: £30,400) is 100% guaranteed by the government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A 1 1 -
1 Ordinary B 1 1 -
2 Ordinary 1 - 2
2 2

During the year the 2 ordinary shares were reclassified to Ordinary A and Ordinary B share.

11. GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the company continues to receive the support of its directors and bank.