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REGISTERED NUMBER: 11274067 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NU-FLOW PLUMBING & HEATING SERVICES LTD

NU-FLOW PLUMBING & HEATING SERVICES LTD (REGISTERED NUMBER: 11274067)

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


NU-FLOW PLUMBING & HEATING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J J Kennedy





REGISTERED OFFICE: 58 Chalk Road
Gravesend
Kent
DA12 4UZ





REGISTERED NUMBER: 11274067 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

NU-FLOW PLUMBING & HEATING SERVICES LTD (REGISTERED NUMBER: 11274067)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,902 6,052

CURRENT ASSETS
Debtors 5 8,441 14,364
Cash at bank and in hand 521 20
8,962 14,384
CREDITORS
Amounts falling due within one year 6 14,308 17,010
NET CURRENT LIABILITIES (5,346 ) (2,626 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,556

3,426

CREDITORS
Amounts falling due after more than one
year

7

(8,078

)

-

PROVISIONS FOR LIABILITIES (4,476 ) -
NET ASSETS 2 3,426

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1 3,425
2 3,426

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 director acknowledges his 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.

NU-FLOW PLUMBING & HEATING SERVICES LTD (REGISTERED NUMBER: 11274067)

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 director and authorised for issue on 26 November 2024 and were signed by:





J J Kennedy - Director


NU-FLOW PLUMBING & HEATING SERVICES LTD (REGISTERED NUMBER: 11274067)

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


1. STATUTORY INFORMATION

Nu-flow Plumbing & Heating Services Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% Straight line and 25% reducing balance
Computer equipment - 33% per annum of 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.

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

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

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

NU-FLOW PLUMBING & HEATING SERVICES LTD (REGISTERED NUMBER: 11274067)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,560 11,850 2,323 16,733
Additions - 18,249 - 18,249
At 31 March 2024 2,560 30,099 2,323 34,982
DEPRECIATION
At 1 April 2023 912 8,101 1,668 10,681
Charge for year 412 5,500 487 6,399
At 31 March 2024 1,324 13,601 2,155 17,080
NET BOOK VALUE
At 31 March 2024 1,236 16,498 168 17,902
At 31 March 2023 1,648 3,749 655 6,052

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
Additions 18,249
At 31 March 2024 18,249
DEPRECIATION
Charge for year 4,562
At 31 March 2024 4,562
NET BOOK VALUE
At 31 March 2024 13,687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,750 11,374
Other debtors 3,691 2,990
8,441 14,364

NU-FLOW PLUMBING & HEATING SERVICES LTD (REGISTERED NUMBER: 11274067)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,008 1,610
Trade creditors 1 1,519
Taxation and social security 5,722 10,233
Other creditors 4,577 3,648
14,308 17,010

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,078 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J J Kennedy
Balance outstanding at start of year - -
Amounts advanced 46,605 -
Amounts repaid (42,913 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,692 -