Company Registration No. SC594652 (Scotland)
ASG Plumbing and Heating Limited
Unaudited accounts
for the year ended 30 April 2024
ASG Plumbing and Heating Limited
Unaudited accounts
Contents
ASG Plumbing and Heating Limited
Company Information
for the year ended 30 April 2024
Directors
Blair McArthur
Claire McArthur
Company Number
SC594652 (Scotland)
Registered Office
31 Hope Street
Inverkeithing
Fife
KY11 1LN
Scotland
Accountants
SBS Accountancy
19 The Heathery
Dunfermline
Fife
KY11 8TS
ASG Plumbing and Heating Limited
Statement of financial position
as at 30 April 2024
Intangible assets
9,602
11,589
Tangible assets
35,777
47,817
Cash at bank and in hand
15,041
17,488
Creditors: amounts falling due within one year
(51,811)
(88,818)
Net current liabilities
(23,974)
(41,910)
Total assets less current liabilities
21,405
17,496
Creditors: amounts falling due after more than one year
(15,080)
(30,152)
Provisions for liabilities
Deferred tax
(6,797)
(9,085)
Net liabilities
(472)
(21,741)
Called up share capital
1,000
1,000
Profit and loss account
(1,472)
(22,741)
Shareholders' funds
(472)
(21,741)
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by
Blair McArthur
Director
Company Registration No. SC594652
ASG Plumbing and Heating Limited
Notes to the Accounts
for the year ended 30 April 2024
ASG Plumbing and Heating Limited is a private company, limited by shares, registered in Scotland, registration number SC594652. The registered office is 31 Hope Street, Inverkeithing, Fife, KY11 1LN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
Motor vehicles
25% reducing balance method
Fixtures & fittings
25% reducing balance method
Computer equipment
33.33% reducing balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
ASG Plumbing and Heating Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
48,842
9,939
1,726
60,507
At 30 April 2024
48,842
9,939
1,726
60,507
At 1 May 2023
6,114
5,873
703
12,690
Charge for the year
10,682
1,017
341
12,040
At 30 April 2024
16,796
6,890
1,044
24,730
At 30 April 2024
32,046
3,049
682
35,777
At 30 April 2023
42,728
4,066
1,023
47,817
Amounts falling due within one year
Trade debtors
6,591
21,813
Accrued income and prepayments
-
2,607
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,113
4,987
Obligations under finance leases and hire purchase contracts
10,308
11,830
Trade creditors
17,250
29,462
Taxes and social security
2,870
9,802
Other creditors
6,094
7,938
Deferred income
3,555
17,462
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
9,398
19,357
9
Average number of employees
During the year the average number of employees was 7 (2023: 9).