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REGISTERED NUMBER: 09590020 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

L & D Plumbing & Heating Ltd

L & D Plumbing & Heating Ltd (Registered number: 09590020)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


L & D Plumbing & Heating Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D J Lock Esq.
N T Day Esq.





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 09590020 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

L & D Plumbing & Heating Ltd (Registered number: 09590020)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,786 8,985

CURRENT ASSETS
Inventories 420 850
Debtors 30,217 21,445
Cash at bank 7,646 11,323
38,283 33,618
CREDITORS
Amounts falling due within one year 35,763 32,899
NET CURRENT ASSETS 2,520 719
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,306

9,704

PROVISIONS FOR LIABILITIES 5 1,289 1,707
NET ASSETS 8,017 7,997

CAPITAL AND RESERVES
Called up share capital 6 300 300
Retained earnings 7,717 7,697
SHAREHOLDERS' FUNDS 8,017 7,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Income Statement and an abridged Balance Sheet for the year ended 31 May 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.

L & D Plumbing & Heating Ltd (Registered number: 09590020)

Abridged Balance Sheet - continued
31 May 2024



The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




N T Day Esq. - Director



D J Lock Esq. - Director


L & D Plumbing & Heating Ltd (Registered number: 09590020)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

L & D Plumbing & Heating Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

L & D Plumbing & Heating Ltd (Registered number: 09590020)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 June 2023
and 31 May 2024 26,301
DEPRECIATION
At 1 June 2023 17,316
Charge for year 2,199
At 31 May 2024 19,515
NET BOOK VALUE
At 31 May 2024 6,786
At 31 May 2023 8,985

5. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Accelerated capital allowances 1,289 1,707

Deferred
tax
£   
Balance at 1 June 2023 1,707
Provided during year (418 )
Balance at 31 May 2024 1,289

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
300 300