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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
Page
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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
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HU13 Plumbing and Heating Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,600 
8,800 
Tangible assets
16,694 
20,592 
23,294 
29,392 
Current assets
Debtors
8,249 
4,022 
Cash at bank and in hand
6,958 
13,337 
15,207 
17,359 
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)
Net assets
14,029 
13,166 
Capital and reserves
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
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HU13 Plumbing and Heating Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Motor vehicles
20% Cost
Computer equipment
25% WDV
Deferred taxation
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.
Leased assets
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.
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HU13 Plumbing and Heating Ltd Notes to the Accounts for the year ended 31 August 2024
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
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 
£ 
Cost
At 1 September 2023
11,000 
At 31 August 2024
11,000 
Amortisation
At 1 September 2023
2,200 
Charge for the year
2,200 
At 31 August 2024
4,400 
Net book value
At 31 August 2024
6,600 
At 31 August 2023
8,800 
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 
Depreciation
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 
Net book value
At 31 August 2024
1,139 
14,689 
866 
16,694 
At 31 August 2023
1,423 
18,537 
632 
20,592 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,077 
Other debtors
8,249 
1,945 
8,249 
4,022 
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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 
£ 
£ 
VAT
585 
- 
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 
Accruals
1,680 
- 
14,408 
20,858 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,892 
8,815 
9
Share capital
2024 
2023 
£ 
£ 
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).
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