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REGISTERED NUMBER: 08276780















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Transgas Services Heating & Plumbing
Limited

Transgas Services Heating & Plumbing
Limited (Registered number: 08276780)






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


Transgas Services Heating & Plumbing
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J M Halliwell
Mrs. S E Halliwell





REGISTERED OFFICE: 22 Akerman Road
Surbiton
Surrey
KT6 5NS





REGISTERED NUMBER: 08276780





ACCOUNTANTS: WHITTINGTONS
Chartered Accountants
1 High Street
Guildford
Surrey
GU2 4HP

Transgas Services Heating & Plumbing
Limited (Registered number: 08276780)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 50,000
Tangible assets 5 140,075 115,357
185,075 165,357

CURRENT ASSETS
Stocks 6 80,000 40,000
Debtors 7 121,911 169,835
Cash at bank and in hand 155,242 149,844
357,153 359,679
CREDITORS
Amounts falling due within one year 8 420,241 441,704
NET CURRENT LIABILITIES (63,088 ) (82,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,987

83,332

CREDITORS
Amounts falling due after more than one
year

9

(7,876

)

(12,291

)

PROVISIONS FOR LIABILITIES 11 (28,098 ) (21,918 )
NET ASSETS 86,013 49,123

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 85,813 48,923
SHAREHOLDERS' FUNDS 86,013 49,123

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.

Transgas Services Heating & Plumbing
Limited (Registered number: 08276780)

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:





J M Halliwell - Director


Transgas Services Heating & Plumbing
Limited (Registered number: 08276780)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Transgas Services Heating & Plumbing Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Revenue from the sale of goods is recognised when the significant risk and rewards of ownership have transferred to the buyer, usually on dispatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss 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.

Transgas Services Heating & Plumbing
Limited (Registered number: 08276780)

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 26 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 50,000
Amortisation for year 5,000
At 31 March 2024 55,000
NET BOOK VALUE
At 31 March 2024 45,000
At 31 March 2023 50,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 2,940 17,081 16,120 298,619 334,760
Additions 1,346 1,525 1,433 88,638 92,942
Disposals - (1,131 ) (1,996 ) (89,462 ) (92,589 )
Transfer to ownership - (4,666 ) 4,666 - -
At 31 March 2024 4,286 12,809 20,223 297,795 335,113
DEPRECIATION
At 1 April 2023 2,940 9,408 10,462 196,593 219,403
Charge for year 224 2,264 4,012 61,114 67,614
Eliminated on disposal - (1,131 ) (1,386 ) (89,462 ) (91,979 )
Transfer to ownership - (634 ) 634 - -
At 31 March 2024 3,164 9,907 13,722 168,245 195,038
NET BOOK VALUE
At 31 March 2024 1,122 2,902 6,501 129,550 140,075
At 31 March 2023 - 7,673 5,658 102,026 115,357

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 80,000 40,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 103,916 147,085
Other debtors 17,995 22,750
121,911 169,835

Transgas Services Heating & Plumbing
Limited (Registered number: 08276780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,236 5,236
Trade creditors 62,669 102,334
Taxation and social security 118,268 102,278
Other creditors 234,068 231,856
420,241 441,704

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 7,876 12,291

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 18,000

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 28,098 21,918

Deferred
tax
£   
Balance at 1 April 2023 21,918
Provided during year 6,180
Transfers
Balance at 31 March 2024 28,098

12. ULTIMATE CONTROLLING PARTY

During the year under review the company was under the joint control of its directors.