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REGISTERED NUMBER: 05778831 (Wales)


















GERAINT WILLIAMS PLUMBING & HEATING
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GERAINT WILLIAMS PLUMBING & HEATING
LIMITED (REGISTERED NUMBER: 05778831)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GERAINT WILLIAMS PLUMBING & HEATING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr G B Williams





SECRETARY: Mrs A Williams





REGISTERED OFFICE: 4 Min Y Ceunant
Penslade
Fishguard
Pembrokeshire
SA65 9PB





REGISTERED NUMBER: 05778831 (Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

GERAINT WILLIAMS PLUMBING & HEATING
LIMITED (REGISTERED NUMBER: 05778831)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,144 26,293

CURRENT ASSETS
Stocks 24,351 17,271
Debtors 5,515 7,802
29,866 25,073
CREDITORS
Amounts falling due within one year 25,909 36,334
NET CURRENT ASSETS/(LIABILITIES) 3,957 (11,261 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,101

15,032

CREDITORS
Amounts falling due after more than one
year

38,688

30,858
NET LIABILITIES (3,587 ) (15,826 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (3,597 ) (15,836 )
SHAREHOLDERS' FUNDS (3,587 ) (15,826 )

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

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

GERAINT WILLIAMS PLUMBING & HEATING
LIMITED (REGISTERED NUMBER: 05778831)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 December 2024 and were signed by:





Mr G B Williams - Director


GERAINT WILLIAMS PLUMBING & HEATING
LIMITED (REGISTERED NUMBER: 05778831)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Geraint Williams Plumbing & Heating Limited is a private company, limited by shares , registered in 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.

The accounts have been prepared on a going concern basis as the company continues to benefit from the support of the director, in addition, in the director's opinion the company has sufficient funds and future income to continue into the foreseeable future.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance, 20% on reducing balance and Straight line over 3 years
Motor vehicles - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GERAINT WILLIAMS PLUMBING & HEATING
LIMITED (REGISTERED NUMBER: 05778831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 68,525
Additions 36,194
Disposals (29,495 )
At 30 April 2024 75,224
DEPRECIATION
At 1 May 2023 42,232
Charge for year 7,747
Eliminated on disposal (5,899 )
At 30 April 2024 44,080
NET BOOK VALUE
At 30 April 2024 31,144
At 30 April 2023 26,293

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2023 29,495
Additions 36,194
Disposals (29,495 )
At 30 April 2024 36,194
DEPRECIATION
At 1 May 2023 5,899
Charge for year 7,239
Eliminated on disposal (5,899 )
At 30 April 2024 7,239
NET BOOK VALUE
At 30 April 2024 28,955
At 30 April 2023 23,596

GERAINT WILLIAMS PLUMBING & HEATING
LIMITED (REGISTERED NUMBER: 05778831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 16,368 13,027
Hire purchase contracts 35,280 29,164
51,648 42,191

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr G B Williams
Balance outstanding at start of year 3,516 5,663
Amounts advanced 946 -
Amounts repaid - (2,147 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,462 3,516

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, G Williams, by virtue of his shareholding.