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REGISTERED NUMBER: 07677757 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CDS PLUMBING & HEATING LTD

CDS PLUMBING & HEATING LTD (REGISTERED NUMBER: 07677757)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CDS PLUMBING & HEATING LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: D Parker





REGISTERED OFFICE: Unit 10
Temple Street
Hull
HU5 1AD





REGISTERED NUMBER: 07677757 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

CDS PLUMBING & HEATING LTD (REGISTERED NUMBER: 07677757)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,873 7,506
5,873 7,506

CURRENT ASSETS
Debtors 6 3,694 7,023
Cash at bank and in hand 39,474 63,870
43,168 70,893
CREDITORS
Amounts falling due within one year 7 2,609 3,090
NET CURRENT ASSETS 40,559 67,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,432

75,309

PROVISIONS FOR LIABILITIES - 1,143
NET ASSETS 46,432 74,166

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 46,430 74,164
46,432 74,166

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.

CDS PLUMBING & HEATING LTD (REGISTERED NUMBER: 07677757)

BALANCE SHEET - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2025 and were signed by:





D Parker - Director


CDS PLUMBING & HEATING LTD (REGISTERED NUMBER: 07677757)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

CDS Plumbing & Heating Limited is a private company, limited by shares and incorporated and domiciled in England. It has its registered office at Unit 10, Temple Street, Hull, HU5 1AD..

The principle activity of the company is that of plumbing and heating engineers.

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

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company , the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% - 33.33% on a straight line basis
Motor vehicles - 25% on a reducing balance basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CDS PLUMBING & HEATING LTD (REGISTERED NUMBER: 07677757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 8,000
Impairments (8,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 8,000
Eliminated on disposal (8,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

CDS PLUMBING & HEATING LTD (REGISTERED NUMBER: 07677757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 24,348 5,401 29,749
DEPRECIATION
At 1 April 2023 18,195 4,048 22,243
Charge for year 1,295 338 1,633
At 31 March 2024 19,490 4,386 23,876
NET BOOK VALUE
At 31 March 2024 4,858 1,015 5,873
At 31 March 2023 6,153 1,353 7,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,088 3,460
Tax 123 -
VAT 724 1,240
Prepayments 759 2,323
3,694 7,023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 710 5
Corporation tax - 123
Social security and other taxes - 17
Directors' loan accounts 325 210
Accrued expenses 1,574 2,735
2,609 3,090

CDS PLUMBING & HEATING LTD (REGISTERED NUMBER: 07677757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


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:

2024 2023
£    £   
D Parker
Balance outstanding at start of year (210 ) (210 )
Amounts advanced 11,385 61,000
Amounts repaid (11,500 ) (61,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (325 ) (210 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Parker.