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Registered Number: 13961047


 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

GRAND PLUMBING & HEATING LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 12,535    16,676 
12,535    16,676 
Current assets      
Debtors 4 1,049   
Cash at bank and in hand 5,435    5,216 
6,484    5,216 
Creditors: amount falling due within one year 5 (17,041)   (21,830)
Net current assets (10,557)   (16,614)
 
Total assets less current liabilities 1,978    62 
Provisions for liabilities 6 794   
Net assets 2,772    62 
 

Capital and reserves
     
Called up share capital 7 100   
Profit and loss account 2,672    62 
Shareholders' funds 2,772    62 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 24 January 2025 and were signed on its behalf by:


-------------------------------
Guy Edward ANDREWS
Director
1
General Information
GRAND PLUMBING & HEATING LTD is a private company, limited by shares, registered in , registration number 13961047, registration address 44 ST. DAVIDS ROAD, HETHERSETT , NORWICH, NR9 3DH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 April 2023 20,058    20,058 
Additions 16,714    16,714 
Disposals (20,058)   (20,058)
At 31 March 2024 16,714    16,714 
Depreciation
At 01 April 2023 3,382    3,382 
Charge for year 4,179    4,179 
On disposals (3,382)   (3,382)
At 31 March 2024 4,179    4,179 
Net book values
Closing balance as at 31 March 2024 12,535    12,535 
Opening balance as at 01 April 2023 16,676    16,676 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 1,049   
1,049   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 2,376   
PAYE & Social Security 15    155 
Other Creditors 4,308    11,850 
Wages & Salaries Control Account 2,095    2,099 
Directors' Current Accounts 5,933    7,726 
VAT 2,314   
17,041    21,830 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax (794)  
(794)  

7.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2