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REGISTERED NUMBER: 09026921 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Andy Hammett Plumbing & Heating Ltd

Andy Hammett Plumbing & Heating Ltd (Registered number: 09026921)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andy Hammett Plumbing & Heating Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Hammett





REGISTERED OFFICE: 88 Wangford Road
Reydon
Southwold
Suffolk
IP18 6NY





REGISTERED NUMBER: 09026921 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Andy Hammett Plumbing & Heating Ltd (Registered number: 09026921)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,400
Tangible assets 5 30,772 40,215
30,772 45,615

CURRENT ASSETS
Stocks 7,000 6,000
Debtors 6 66,231 81,795
Cash at bank 538,250 449,729
611,481 537,524
CREDITORS
Amounts falling due within one year 7 61,334 46,396
NET CURRENT ASSETS 550,147 491,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,919

536,743

PROVISIONS FOR LIABILITIES 7,693 7,641
NET ASSETS 573,226 529,102

Andy Hammett Plumbing & Heating Ltd (Registered number: 09026921)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 573,126 529,002
SHAREHOLDERS' FUNDS 573,226 529,102

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 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.

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 19 February 2025 and were signed by:





A Hammett - Director


Andy Hammett Plumbing & Heating Ltd (Registered number: 09026921)

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

1. STATUTORY INFORMATION

Andy Hammett 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and also have been consistently applied within the same accounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks and work in progress
Stocks and work in progress have been valued at the lower of cost and net realisable value.

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.


Andy Hammett Plumbing & Heating Ltd (Registered number: 09026921)

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

2. ACCOUNTING POLICIES - continued
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
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

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.

Turnover
The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. All of the company's turnover took place in the UK.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 54,000
AMORTISATION
At 1 June 2023 48,600
Charge for year 5,400
At 31 May 2024 54,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 5,400

Andy Hammett Plumbing & Heating Ltd (Registered number: 09026921)

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

5. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 15,983 65,241 81,224
DEPRECIATION
At 1 June 2023 9,877 31,132 41,009
Charge for year 916 8,527 9,443
At 31 May 2024 10,793 39,659 50,452
NET BOOK VALUE
At 31 May 2024 5,190 25,582 30,772
At 31 May 2023 6,106 34,109 40,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 62,526 80,515
Other debtors 3,705 1,280
66,231 81,795

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 9,765 7,990
Taxation and social security 45,398 31,925
Other creditors 6,171 6,481
61,334 46,396