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REGISTERED NUMBER: 10250227 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

IQ Plumbing & Heating Services Ltd

IQ Plumbing & Heating Services Ltd (Registered number: 10250227)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IQ Plumbing & Heating Services Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Witkowski
Mrs I M Witkowska





REGISTERED OFFICE: 74 Harvest Road
Feltham
Middlesex
TW13 7JG





REGISTERED NUMBER: 10250227 (England and Wales)






IQ Plumbing & Heating Services Ltd (Registered number: 10250227)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,367 6,322

CURRENT ASSETS
Stocks 885 920
Debtors 5 5,110 4,670
Cash at bank 128,758 143,389
134,753 148,979
CREDITORS
Amounts falling due within one year 6 18,877 3,140
NET CURRENT ASSETS 115,876 145,839
TOTAL ASSETS LESS CURRENT LIABILITIES 121,243 152,161

CREDITORS
Amounts falling due after more than one
year

7

19,410

30,000
NET ASSETS 101,833 122,161

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 101,733 122,061
SHAREHOLDERS' FUNDS 101,833 122,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 4 December 2024 and were signed on its behalf by:




M Witkowski - Director


IQ Plumbing & Heating Services Ltd (Registered number: 10250227)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

IQ 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.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% 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.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023 17,903 5,646 23,549
Additions - 3,575 3,575
At 30 June 2024 17,903 9,221 27,124
DEPRECIATION
At 1 July 2023 13,529 3,698 17,227
Charge for year 2,686 1,844 4,530
At 30 June 2024 16,215 5,542 21,757
NET BOOK VALUE
At 30 June 2024 1,688 3,679 5,367
At 30 June 2023 4,374 1,948 6,322

IQ Plumbing & Heating Services Ltd (Registered number: 10250227)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 3,850 3,410
Prepayments and accrued income 1,260 1,260
5,110 4,670

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 986 1,087
Social security and other taxes 660 (13,486 )
VAT 2,534 1,832
Directors' current accounts 13,107 13,107
Accrued expenses 1,590 600
18,877 3,140

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans - 2-5 years 19,410 30,000