Philbin Plumbing & Heating Ltd |
Registered Number:SC650385 |
For the year ended 31 December 2024
Scotland
Unaudited Financial Statements
For the year ended 31 December 2024
Philbin Plumbing & Heating Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Philbin Plumbing & Heating Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
3,004
4,006
2
3,004
4,006
2,000
2,000
3
Trade and other receivables |
-
3,470
4
6,477
Cash and cash equivalents |
5,333
10,803
8,477
Trade and other payables: amounts falling due within one |
year |
(9,146)
(5,556)
5
(669)
5,247
Net current assets
Total assets less current liabilities |
8,251
3,337
8,251
Net assets
3,337
1
1
8,250
3,336
8,251
3,337
Shareholders' funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 11 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2024
Philbin Plumbing & Heating Ltd
Notes to the Financial Statements
Statutory Information
Philbin Plumbing & Heating Ltd is a private limited company, limited by shares, domiciled in Scotland, registration |
number SC650385. |
19 Howe Mire
Wallyford
Musselburgh
Scotland
EH21 8FG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
2. Property, plant and equipment |
Motor Vehicles
12,453
717
8,995
2,741
2,741
8,995
717
12,453
Provision for depreciation and impairment |
8,447
415
6,150
1,882
Charge for year
1,002
76
711
215
9,449
491
6,861
2,097
644
2,134
226
3,004
859
2,845
302
4,006
2023
2024
2,000
2,000
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For the year ended 31 December 2024
Philbin Plumbing & Heating Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables |
2023
2024
3,470
-
Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment. |
5. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
4,703
8,273
853
873
5,556
9,146
Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
6. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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