Registered number
04437729
Angel Plumbing Services Limited
Filleted Accounts
31 May 2024
Angel Plumbing Services Limited
Registered number: 04437729
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,172 20,209
Current assets
Stocks 3,050 3,050
Debtors 4 50,770 65,616
Cash at bank and in hand 284 537
54,104 69,203
Creditors: amounts falling due within one year 5 (76,362) (90,376)
Net current liabilities (22,258) (21,173)
Total assets less current liabilities (7,086) (964)
Creditors: amounts falling due after more than one year 6 (13,147) (23,307)
Net liabilities (20,233) (24,271)
Capital and reserves
Called up share capital 2 2
Profit and loss account (20,235) (24,273)
Shareholders' funds (20,233) (24,271)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Trotter
Director
Approved by the board on 19 November 2024
Angel Plumbing Services Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 June 2023 14,238 26,550 40,788
At 31 May 2024 14,238 26,550 40,788
Depreciation
At 1 June 2023 13,942 6,637 20,579
Charge for the year 59 4,978 5,037
At 31 May 2024 14,001 11,615 25,616
Net book value
At 31 May 2024 237 14,935 15,172
At 31 May 2023 296 19,913 20,209
4 Debtors 2024 2023
£ £
Trade debtors 12,510 20,828
Other debtors 38,260 44,788
50,770 65,616
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,853 27,922
Trade creditors 6,004 12,685
Other taxes and social security costs 34,951 34,452
Other creditors 4,210 7,777
Accruals 10,344 7,540
76,362 90,376
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,147 23,307
7 Other information
Angel Plumbing Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonhill Street
London
EC2A 4DJ
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