Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseplumbing consutant11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07178860 2023-08-01 2024-07-31 07178860 2022-08-01 2023-07-31 07178860 2024-07-31 07178860 2023-07-31 07178860 c:Director1 2023-08-01 2024-07-31 07178860 d:PlantMachinery 2023-08-01 2024-07-31 07178860 d:PlantMachinery 2024-07-31 07178860 d:PlantMachinery 2023-07-31 07178860 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07178860 d:MotorVehicles 2023-08-01 2024-07-31 07178860 d:MotorVehicles 2024-07-31 07178860 d:MotorVehicles 2023-07-31 07178860 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07178860 d:FurnitureFittings 2023-08-01 2024-07-31 07178860 d:FurnitureFittings 2024-07-31 07178860 d:FurnitureFittings 2023-07-31 07178860 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07178860 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07178860 d:CurrentFinancialInstruments 2024-07-31 07178860 d:CurrentFinancialInstruments 2023-07-31 07178860 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 07178860 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07178860 d:ShareCapital 2024-07-31 07178860 d:ShareCapital 2023-07-31 07178860 c:FRS102 2023-08-01 2024-07-31 07178860 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07178860 c:FullAccounts 2023-08-01 2024-07-31 07178860 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07178860 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 07178860









DAVIS PLUMBING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
DAVIS PLUMBING LIMITED
REGISTERED NUMBER: 07178860

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,937
2,582

  
1,937
2,582

Current assets
  

Debtors: amounts falling due within one year
 5 
8,377
12,581

  
8,377
12,581

Creditors: amounts falling due within one year
 6 
(10,214)
(15,063)

Net current liabilities
  
 
 
(1,837)
 
 
(2,482)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100

Page 1

 
DAVIS PLUMBING LIMITED
REGISTERED NUMBER: 07178860
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 January 2025.





................................................
Terence Davis
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
DAVIS PLUMBING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Davis Plumbing Limited is a private company limited by shares, incorporated in England. The principal activity throughout the year was that of plumbing consultant.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
DAVIS PLUMBING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
DAVIS PLUMBING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



92023 -


At 1 August 2023
1,250
8,018
750
10,018



At 31 July 2024

1,250
8,018
750
10,018



Depreciation


At 1 August 2023
1,221
5,482
733
7,436


Charge for the year on owned assets
7
634
4
645



At 31 July 2024

1,228
6,116
737
8,081



Net book value



At 31 July 2024
22
1,902
13
1,937



At 31 July 2023
29
2,536
17
2,582

Page 5

 
DAVIS PLUMBING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Other debtors
8,377
12,581

8,377
12,581


Included within other debtors is a loan to Terence Davis, the director, amounting to £8,377 (2023 - £12,581). There were no conditions attached to the loan.




6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
8,626
13,437

Accruals and deferred income
1,588
1,626

10,214
15,063



7.


Controlling party

The Company is controlled by the director, Terence Davis, by virtue of his shareholding as described in the director's report.

 
Page 6