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REGISTERED NUMBER: SC447174 (Scotland)















Financial Statements for the Year Ended 30 April 2024

for

Simon Kelman Plumbing and Heating Ltd

Simon Kelman Plumbing and Heating Ltd (Registered number: SC447174)






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


Simon Kelman Plumbing and Heating Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S Kelman
Mrs M Kelman





REGISTERED OFFICE: Unit 7
43a Harbour Road
Inverness
IV1 1UF





REGISTERED NUMBER: SC447174 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Simon Kelman Plumbing and Heating Ltd (Registered number: SC447174)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,813 134,496

CURRENT ASSETS
Stocks 25,700 27,600
Debtors 965,566 693,123
Cash at bank 244,871 87,928
1,236,137 808,651
CREDITORS
Amounts falling due within one year 740,705 472,172
NET CURRENT ASSETS 495,432 336,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

611,245

470,975

CREDITORS
Amounts falling due after more than one
year

(54,352

)

(114,359

)

PROVISIONS FOR LIABILITIES (28,244 ) (34,841 )
NET ASSETS 528,649 321,775

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 528,647 321,773
SHAREHOLDERS' FUNDS 528,649 321,775

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 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.

Simon Kelman Plumbing and Heating Ltd (Registered number: SC447174)

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 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 Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





S Kelman - Director


Simon Kelman Plumbing and Heating Ltd (Registered number: SC447174)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Simon Kelman Plumbing and Heating Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of 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 - 20% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

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.

Simon Kelman Plumbing and Heating Ltd (Registered number: SC447174)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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 35 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 332,237
Additions 20,965
At 30 April 2024 353,202
DEPRECIATION
At 1 May 2023 197,741
Charge for year 39,648
At 30 April 2024 237,389
NET BOOK VALUE
At 30 April 2024 115,813
At 30 April 2023 134,496

Simon Kelman Plumbing and Heating Ltd (Registered number: SC447174)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 May 2023 128,946
Transfer to ownership (45,335 )
At 30 April 2024 83,611
DEPRECIATION
At 1 May 2023 67,935
Charge for year 11,666
Transfer to ownership (30,990 )
At 30 April 2024 48,611
NET BOOK VALUE
At 30 April 2024 35,000
At 30 April 2023 61,011

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.4.24 30.4.23
£    £   
S Kelman and Mrs M Kelman
Balance outstanding at start of year (6,966 ) (8,383 )
Amounts advanced 69,762 1,417
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,796 (6,966 )

Interest was charged on the average director loan balance in the year at the official HMRC interest rate. Subsequent to the year end the loan was repaid in full.

6. ULTIMATE CONTROLLING PARTY

The controlling party is S Kelman.