Company Registration No. 07597978 (England and Wales)
I Love Plumbing Limited
Unaudited accounts
for the year ended 30 April 2024
I Love Plumbing Limited
Unaudited accounts
Contents
I Love Plumbing Limited
Company Information
for the year ended 30 April 2024
Company Number
07597978 (England and Wales)
Registered Office
Unit 11 Worton Court
Worton Hall Industrial Estate
Worton Road
Isleworth
TW7 6ER
UK
Accountants
CP Finance
Unit 11, Worton Court
Worton Hall Ind Estate
Worton Road
Isleworth
Middlesex
TW7 6ER
I Love Plumbing Limited
Statement of financial position
as at 30 April 2024
Tangible assets
12,225
18,338
Cash at bank and in hand
6,242
1,620
Creditors: amounts falling due within one year
(21,757)
(11,033)
Net current (liabilities)/assets
(9,514)
2,051
Total assets less current liabilities
2,711
20,389
Creditors: amounts falling due after more than one year
(3,746)
(7,243)
Net (liabilities)/assets
(1,035)
13,146
Called up share capital
1,000
1,000
Profit and loss account
(2,035)
12,146
Shareholders' funds
(1,035)
13,146
For the year ending 30 April 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 21 November 2024 and were signed on its behalf by
Jeremy Conway
Director
Company Registration No. 07597978
I Love Plumbing Limited
Notes to the Accounts
for the year ended 30 April 2024
I Love Plumbing Limited is a private company, limited by shares, registered in England and Wales, registration number 07597978. The registered office is Unit 11 Worton Court, Worton Hall Industrial Estate, Worton Road, Isleworth, TW7 6ER, UK.
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.
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:
Motor vehicles
25% straight line
Computer equipment
33.33% straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
24,450
1,569
26,019
At 30 April 2024
24,450
1,569
26,019
At 1 May 2023
6,113
1,568
7,681
Charge for the year
6,113
-
6,113
At 30 April 2024
12,226
1,568
13,794
At 30 April 2024
12,224
1
12,225
At 30 April 2023
18,337
1
18,338
I Love Plumbing Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,621
3,621
Taxes and social security
12,230
5,219
Loans from directors
44
493
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan owed by director
(493)
449
-
(44)
Loans represent advances of funds less salary payments. During the year the director received a salary of £9,100 (2023 : £9,100). The director received an interim dividend of £20,140 (2023 : £5,470) and a final dividend of £33,860 (2023 : £21,030).
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Average number of employees
During the year the average number of employees was 2 (2023: 2).