IRIS Accounts Production v24.2.0.383 02946394 Board of Directors Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029463942023-06-30029463942024-06-30029463942023-07-012024-06-30029463942022-06-30029463942022-07-012023-06-30029463942023-06-3002946394ns16:EnglandWales2023-07-012024-06-3002946394ns15:PoundSterling2023-07-012024-06-3002946394ns11:Director12023-07-012024-06-3002946394ns11:Director22023-07-012024-06-3002946394ns11:Director32023-07-012024-06-3002946394ns11:PrivateLimitedCompanyLtd2023-07-012024-06-3002946394ns11:SmallEntities2023-07-012024-06-3002946394ns11:AuditExempt-NoAccountantsReport2023-07-012024-06-3002946394ns11:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002946394ns11:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002946394ns11:AbridgedAccounts2023-07-012024-06-3002946394ns11:OrdinaryShareClass12023-07-012024-06-3002946394ns11:RegisteredOffice2023-07-012024-06-3002946394ns6:CurrentFinancialInstruments2024-06-3002946394ns6:CurrentFinancialInstruments2023-06-3002946394ns6:ShareCapital2024-06-3002946394ns6:ShareCapital2023-06-3002946394ns6:RetainedEarningsAccumulatedLosses2024-06-3002946394ns6:RetainedEarningsAccumulatedLosses2023-06-3002946394ns6:PlantMachinery2023-07-012024-06-3002946394ns6:AfterOneYearns6:Non-currentFinancialInstruments2024-06-3002946394ns6:AfterOneYearns6:Non-currentFinancialInstruments2023-06-3002946394ns11:OrdinaryShareClass12024-06-3002946394ns6:RetainedEarningsAccumulatedLosses2023-06-3002946394ns6:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 02946394 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

RITEWAY PLUMBING AND HEATING SERVICES
LIMITED

RITEWAY PLUMBING AND HEATING SERVICES
LIMITED (REGISTERED NUMBER: 02946394)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RITEWAY PLUMBING AND HEATING SERVICES
LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: T J Cowell
M L J Bailey
Ms E J Yapp





REGISTERED OFFICE: Unit 3 Shorade Industrial Estate
New Street
Bridgtown
Cannock
Staffordshire
WS11 0DH





REGISTERED NUMBER: 02946394 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

RITEWAY PLUMBING AND HEATING SERVICES
LIMITED (REGISTERED NUMBER: 02946394)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,909 17,557

CURRENT ASSETS
Stocks 11,668 13,974
Debtors 5 569,038 545,208
Cash at bank 247,101 175,520
827,807 734,702
CREDITORS
Amounts falling due within one year 614,579 552,072
NET CURRENT ASSETS 213,228 182,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,137

200,187

PROVISIONS FOR LIABILITIES 4,994 2,989
NET ASSETS 236,143 197,198

CAPITAL AND RESERVES
Called up share capital 6 1,003 1,000
Retained earnings 7 235,140 196,198
SHAREHOLDERS' FUNDS 236,143 197,198

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RITEWAY PLUMBING AND HEATING SERVICES
LIMITED (REGISTERED NUMBER: 02946394)

ABRIDGED BALANCE SHEET - continued
30 June 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 Balance Sheet for the year ended 30 June 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 Board of Directors and authorised for issue on 12 January 2025 and were signed on its behalf by:




M L J Bailey - Director T J Cowell - Director




Ms E J Yapp - Director


RITEWAY PLUMBING AND HEATING SERVICES
LIMITED (REGISTERED NUMBER: 02946394)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Riteway Plumbing and Heating Services Limited is a private company, limited by shares , registered in England and 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.

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.
Plant and machinery etc - 25% on reducing balance

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

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

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 8 (2023 - 9 ) .

RITEWAY PLUMBING AND HEATING SERVICES
LIMITED (REGISTERED NUMBER: 02946394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 61,642
Additions 18,990
At 30 June 2024 80,632
DEPRECIATION
At 1 July 2023 44,085
Charge for year 8,638
At 30 June 2024 52,723
NET BOOK VALUE
At 30 June 2024 27,909
At 30 June 2023 17,557

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Trade debtors 65,020 35,904

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,003 1,000

7. RESERVES
Retained
earnings
£   

At 1 July 2023 196,198
Profit for the year 294,942
Dividends (256,000 )
At 30 June 2024 235,140