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REGISTERED NUMBER: 07590352 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 April 2024

for

Oliver Drake Plumbing & Heating Limited

Oliver Drake Plumbing & Heating Limited (Registered number: 07590352)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oliver Drake Plumbing & Heating Limited

Company Information
For The Year Ended 30 April 2024







DIRECTOR: O E Drake





REGISTERED OFFICE: 1 Colonels Lane
Chertsey
Surrey
KT16 8RH





REGISTERED NUMBER: 07590352 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Oliver Drake Plumbing & Heating Limited (Registered number: 07590352)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,053 14,107

CURRENT ASSETS
Debtors 5 19,618 23,142
Cash at bank 53,215 36,485
72,833 59,627
CREDITORS
Amounts falling due within one year 6 68,092 31,921
NET CURRENT ASSETS 4,741 27,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,794

41,813

CREDITORS
Amounts falling due after more than one year 7 (11,661 ) (37,922 )

PROVISIONS FOR LIABILITIES (1,411 ) (2,821 )
NET (LIABILITIES)/ASSETS (1,278 ) 1,070

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 (1,279 ) 1,069
(1,278 ) 1,070

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 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.

Oliver Drake Plumbing & Heating Limited (Registered number: 07590352)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





O E Drake - Director


Oliver Drake Plumbing & Heating Limited (Registered number: 07590352)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Oliver Drake Plumbing & Heating 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 - 25% on cost
Motor vehicles - 20% on cost

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 1 (2023 - 1 ) .

Oliver Drake Plumbing & Heating Limited (Registered number: 07590352)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 5,098 55,261 60,359
DEPRECIATION
At 1 May 2023 5,098 41,154 46,252
Charge for year - 7,054 7,054
At 30 April 2024 5,098 48,208 53,306
NET BOOK VALUE
At 30 April 2024 - 7,053 7,053
At 30 April 2023 - 14,107 14,107

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 3,465 7,809
Directors' current accounts 12,642 11,108
Tax 3,511 4,225
19,618 23,142

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 15,221 2,284
Trade creditors 16,337 10,893
Corporation tax 860 -
Social security and other taxes 1,902 1,273
VAT 5,915 2,041
Other creditors 16,297 3,935
Accrued expenses 1,560 1,495
68,092 31,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 11,661 22,500
Hire purchase contracts - 15,422
11,661 37,922

Oliver Drake Plumbing & Heating Limited (Registered number: 07590352)

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

8. RESERVES
Retained
earnings
£   

At 1 May 2023 1,069
Deficit for the year (2,348 )
At 30 April 2024 (1,279 )

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.4.24 30.4.23
£    £   
O E Drake
Balance outstanding at start of year 11,108 12,996
Amounts advanced 1,534 -
Amounts repaid - (1,888 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,642 11,108