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Registered number: 05774431

BANCROFT PLUMBING & HEATING LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

BANCROFT PLUMBING & HEATING LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
M Bancroft
Mrs J Bancroft
SECRETARY
J Bancroft
REGISTERED OFFICE
205 OUTGANG LANE
DINNINGTON
SHEFFIELD
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05774431
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

BANCROFT PLUMBING & HEATING LTD

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

BANCROFT PLUMBING & HEATING LTD

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets36,5157,944
CURRENT ASSETS
Stock-5,000
Debtors538,74744,599
Cash at bank and in hand132,094152,999
170,841202,598
CREDITORS: Amounts falling due within one year627,67156,008
NET CURRENT ASSETS143,170146,590
TOTAL ASSETS LESS CURRENT LIABILITIES149,685154,534
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account149,585154,434
SHAREHOLDERS' FUNDS149,685154,534
For the year ending 31/03/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/12/2024 and signed on their behalf by
.............................
M Bancroft
Director

BANCROFT PLUMBING & HEATING LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Fixtures and Fittingsreducing balance 15%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
The goodwill is amortised over 15 years.

BANCROFT PLUMBING & HEATING LTD

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2023248,442248,442
At 31/03/2024248,442248,442
Depreciation
At 01/04/2023248,442248,442
At 31/03/2024248,442248,442
Net Book Amounts
At 31/03/2024--
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 01/04/202323,1924,00028,88056,072
At 31/03/202423,1924,00028,88056,072
Depreciation
At 01/04/202321,02060026,50848,128
For the year3265105931,429
At 31/03/202421,3461,11027,10149,557
Net Book Amounts
At 31/03/20241,8462,8901,7796,515
At 31/03/20232,1723,4002,3727,944
4. STOCK 20242023
££
Stock comprises:
Stock-5,000
-5,000

BANCROFT PLUMBING & HEATING LTD

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors5,55227,595
VAT2,04216,202
Prepayments350802
Directors current account30,803-
38,74744,599
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax9,30920,068
PAYE control3,7365,834
Directors current account-418
Credit card155263
Trade creditors14,47129,425
27,67156,008
7. EMPLOYEES
20242023
No.No.
Average number of employees44
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100