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REGISTERED NUMBER: 07651121 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Performance Heating & Plumbing Ltd.

Performance Heating & Plumbing Ltd. (Registered number: 07651121)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Performance Heating & Plumbing Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D McMenamin





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 07651121 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Performance Heating & Plumbing Ltd. (Registered number: 07651121)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,524 10,032

CURRENT ASSETS
Stocks 1,200 1,200
Debtors 6 22,840 28,956
Cash at bank 9,624 20,997
33,664 51,153
CREDITORS
Amounts falling due within one year 7 5,292 10,595
NET CURRENT ASSETS 28,372 40,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,896

50,590

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,796 50,490
SHAREHOLDERS' FUNDS 35,896 50,590

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.

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 27 December 2024 and were signed by:





D McMenamin - Director


Performance Heating & Plumbing Ltd. (Registered number: 07651121)

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

1. STATUTORY INFORMATION

Performance Heating & Plumbing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

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

Performance Heating & Plumbing Ltd. (Registered number: 07651121)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 20,880
DEPRECIATION
At 1 April 2023 10,848
Charge for year 2,508
At 31 March 2024 13,356
NET BOOK VALUE
At 31 March 2024 7,524
At 31 March 2023 10,032

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,287 509
Other debtors 21,553 28,447
22,840 28,956

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 3,798 9,275
Other creditors 1,494 1,320
5,292 10,595

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:

31.3.24 31.3.23
£    £   
D McMenamin
Balance outstanding at start of year 28,447 (7,034 )
Amounts repaid (6,894 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,553 28,447

The director Mr D McMenamin owed the company at the year end £21,553 (2023 - £28,447). This loan is unsecured, interest free and was fully repaid on 20the April 2024 (2023-20th April 2023).