Company Registration No. 14289180 (England and Wales)
HU13 Plumbing and Heating Ltd
Unaudited accounts
for the year ended 31 August 2024
HU13 Plumbing and Heating Ltd
Unaudited accounts
Contents
HU13 Plumbing and Heating Ltd
Company Information
for the year ended 31 August 2024
Director
Adebowale Osindeinde
Company Number
14289180 (England and Wales)
Registered Office
2 EXETER STREET
NEW VILLAGE ROAD
COTTINGHAM
HU16 4LU
UNITED KINGDOM
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
HU13 Plumbing and Heating Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
6,600
8,800
Tangible assets
16,694
20,592
Cash at bank and in hand
6,958
13,337
Creditors: amounts falling due within one year
(14,408)
(20,858)
Net current assets/(liabilities)
799
(3,499)
Total assets less current liabilities
24,093
25,893
Creditors: amounts falling due after more than one year
(6,892)
(8,815)
Provisions for liabilities
Deferred tax
(3,172)
(3,912)
Called up share capital
1
1
Profit and loss account
14,028
13,165
Shareholders' funds
14,029
13,166
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 12 December 2024 and were signed on its behalf by
Adebowale Osindeinde
Director
Company Registration No. 14289180
HU13 Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 31 August 2024
HU13 Plumbing and Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 14289180. The registered office is 2 EXETER STREET, NEW VILLAGE ROAD, COTTINGHAM, HU16 4LU, UNITED KINGDOM.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% Cost
Computer equipment
25% WDV
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
HU13 Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 31 August 2024
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill
At 1 September 2023
11,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
1,500
19,176
778
21,454
Additions
233
15,980
1,339
17,552
Disposals
(280)
(19,176)
(1,068)
(20,524)
At 31 August 2024
1,453
15,980
1,049
18,482
At 1 September 2023
77
639
146
862
Charge for the year
297
3,831
725
4,853
On disposals
(60)
(3,179)
(688)
(3,927)
At 31 August 2024
314
1,291
183
1,788
At 31 August 2024
1,139
14,689
866
16,694
At 31 August 2023
1,423
18,537
632
20,592
Amounts falling due within one year
HU13 Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,905
1,611
Taxes and social security
3,778
3,283
Loans from directors
6,460
15,964
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,892
8,815
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2023: 0).