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REGISTERED NUMBER: 05225415 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

ABS Heating & Plumbing Ltd

ABS Heating & Plumbing Ltd (Registered number: 05225415)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABS Heating & Plumbing Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S P W Blears
M J Hulse





REGISTERED OFFICE: 13 Lime Avenue
Leftwich
Northwich
Cheshire
CW9 8DS





REGISTERED NUMBER: 05225415 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

ABS Heating & Plumbing Ltd (Registered number: 05225415)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,210 8,356

CURRENT ASSETS
Stocks 540 525
Debtors 5 2,966 1,522
Cash at bank 36,240 38,953
39,746 41,000
CREDITORS
Amounts falling due within one year 6 35,306 35,537
NET CURRENT ASSETS 4,440 5,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,650

13,819

CREDITORS
Amounts falling due after more than one
year

7

4,000

5,975
NET ASSETS 7,650 7,844

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 6,650 6,844
SHAREHOLDERS' FUNDS 7,650 7,844

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 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.

ABS Heating & Plumbing Ltd (Registered number: 05225415)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 30 December 2024 and were signed on its behalf by:





S P W Blears - Director


ABS Heating & Plumbing Ltd (Registered number: 05225415)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

ABS Heating & Plumbing 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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
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.

ABS Heating & Plumbing Ltd (Registered number: 05225415)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 1,326 7,522 21,636 4,117 34,601
Additions - - - 954 954
At 30 June 2024 1,326 7,522 21,636 5,071 35,555
DEPRECIATION
At 1 July 2023 784 5,784 16,728 2,949 26,245
Charge for year 82 261 1,227 530 2,100
At 30 June 2024 866 6,045 17,955 3,479 28,345
NET BOOK VALUE
At 30 June 2024 460 1,477 3,681 1,592 7,210
At 30 June 2023 542 1,738 4,908 1,168 8,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,945 1,522
Other debtors 21 -
2,966 1,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 26 1,002
Tax 6,020 2,301
VAT 2,215 3,383
Other creditors - 2,031
Directors' current accounts 25,895 25,825
Accrued expenses 1,150 995
35,306 35,537

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other loans - 1-2 years 4,000 5,975

ABS Heating & Plumbing Ltd (Registered number: 05225415)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
850 Ordinary 1 850 850
150 Ordinary B 1 150 150
1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 July 2023 6,844
Profit for the year 24,106
Dividends (24,300 )
At 30 June 2024 6,650