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REGISTERED NUMBER: 10214640 (England and Wales)

















Max Shutler Plumbing & Heating Limited

Financial Statements

for the Year Ended 30 June 2024






Max Shutler Plumbing & Heating Limited (Registered number: 10214640)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Max Shutler Plumbing & Heating Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: M E Shutler





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 10214640 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Max Shutler Plumbing & Heating Limited (Registered number: 10214640)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 28,004 7,409
30,004 10,409

CURRENT ASSETS
Stocks 2,770 2,800
Debtors 6 6,927 11,718
Cash at bank 98,957 84,206
108,654 98,724
CREDITORS
Amounts falling due within one year 7 84,356 69,432
NET CURRENT ASSETS 24,298 29,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,302

39,701

CREDITORS
Amounts falling due after more than one
year

8

(11,534

)

(3,180

)

PROVISIONS FOR LIABILITIES 10 (6,690 ) (1,741 )
NET ASSETS 36,078 34,780

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 35,953 34,655
SHAREHOLDERS' FUNDS 36,078 34,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 13 February 2025 and were signed by:





M E Shutler - Director


Max Shutler Plumbing & Heating Limited (Registered number: 10214640)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Max Shutler 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Max Shutler Plumbing & Heating Limited (Registered number: 10214640)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023 7,000
Charge for year 1,000
At 30 June 2024 8,000
NET BOOK VALUE
At 30 June 2024 2,000
At 30 June 2023 3,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 July 2023 4,044 19,609 23,653
Additions 916 35,077 35,993
Disposals - (19,609 ) (19,609 )
At 30 June 2024 4,960 35,077 40,037
DEPRECIATION
At 1 July 2023 2,839 13,405 16,244
Charge for year 425 8,769 9,194
Eliminated on disposal - (13,405 ) (13,405 )
At 30 June 2024 3,264 8,769 12,033
NET BOOK VALUE
At 30 June 2024 1,696 26,308 28,004
At 30 June 2023 1,205 6,204 7,409

Max Shutler Plumbing & Heating Limited (Registered number: 10214640)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 19,609
Additions 35,077
Disposals (19,609 )
At 30 June 2024 35,077
DEPRECIATION
At 1 July 2023 13,405
Charge for year 8,769
Eliminated on disposal (13,405 )
At 30 June 2024 8,769
NET BOOK VALUE
At 30 June 2024 26,308
At 30 June 2023 6,204

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,121 11,227
Other debtors 451 224
Prepayments and accrued income 355 267
6,927 11,718

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,227 3,469
Trade creditors 30,270 28,893
UK corporation tax 34,252 26,448
Tax and social security costs 8,874 9,194
Directors' current accounts 299 15
Accruals and deferred income 1,434 1,413
84,356 69,432

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,534 3,180

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 20,761 6,649

Hire purchase liabilities are secured on the assets concerned.

Max Shutler Plumbing & Heating Limited (Registered number: 10214640)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,690 1,741

Deferred
tax
£   
Balance at 1 July 2023 1,741
Charge to Income Statement during year 4,949
Balance at 30 June 2024 6,690