IRIS Accounts Production v24.3.2.46 10883028 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108830282023-07-31108830282024-07-31108830282023-08-012024-07-31108830282022-07-31108830282022-08-012023-07-31108830282023-07-3110883028ns15:EnglandWales2023-08-012024-07-3110883028ns14:PoundSterling2023-08-012024-07-3110883028ns10:Director12023-08-012024-07-3110883028ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3110883028ns10:SmallEntities2023-08-012024-07-3110883028ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3110883028ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3110883028ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3110883028ns10:FullAccounts2023-08-012024-07-3110883028ns10:OrdinaryShareClass12023-08-012024-07-3110883028ns10:Director22023-08-012024-07-3110883028ns10:RegisteredOffice2023-08-012024-07-3110883028ns5:CurrentFinancialInstruments2024-07-3110883028ns5:CurrentFinancialInstruments2023-07-3110883028ns5:Non-currentFinancialInstruments2024-07-3110883028ns5:Non-currentFinancialInstruments2023-07-3110883028ns5:ShareCapital2024-07-3110883028ns5:ShareCapital2023-07-3110883028ns5:RetainedEarningsAccumulatedLosses2024-07-3110883028ns5:RetainedEarningsAccumulatedLosses2023-07-3110883028ns5:MotorVehicles2023-07-3110883028ns5:ComputerEquipment2023-07-3110883028ns5:MotorVehicles2023-08-012024-07-3110883028ns5:ComputerEquipment2023-08-012024-07-3110883028ns5:MotorVehicles2024-07-3110883028ns5:ComputerEquipment2024-07-3110883028ns5:MotorVehicles2023-07-3110883028ns5:ComputerEquipment2023-07-3110883028ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3110883028ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3110883028ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3110883028ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3110883028ns10:OrdinaryShareClass12024-07-31108830281ns10:Director12023-07-31108830281ns10:Director12022-07-31108830281ns10:Director12023-08-012024-07-31108830281ns10:Director12022-08-012023-07-31108830281ns10:Director12024-07-31108830281ns10:Director12023-07-31
REGISTERED NUMBER: 10883028 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

David J Fras Plumbing & Heating Ltd

David J Fras Plumbing & Heating Ltd (Registered number: 10883028)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

David J Fras Plumbing & Heating Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: D Fras
K Fras





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 10883028 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

David J Fras Plumbing & Heating Ltd (Registered number: 10883028)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,157 248

CURRENT ASSETS
Debtors 5 12,409 11,893
Cash at bank 31,866 35,167
44,275 47,060
CREDITORS
Amounts falling due within one year 6 48,506 46,876
NET CURRENT (LIABILITIES)/ASSETS (4,231 ) 184
TOTAL ASSETS LESS CURRENT LIABILITIES 16,926 432

CREDITORS
Amounts falling due after more than one year 7 (12,444 ) -

PROVISIONS FOR LIABILITIES (4,310 ) (66 )
NET ASSETS 172 366

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 72 266
SHAREHOLDERS' FUNDS 172 366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 18 March 2025 and were signed on its behalf by:



D Fras - Director


David J Fras Plumbing & Heating Ltd (Registered number: 10883028)

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

1. STATUTORY INFORMATION

David J Fras 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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from the provision of plumbing and heating services is recognised by reference to the stage of completion.

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.

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

David J Fras Plumbing & Heating Ltd (Registered number: 10883028)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 - 815 815
Additions 21,425 - 21,425
At 31 July 2024 21,425 815 22,240
DEPRECIATION
At 1 August 2023 - 567 567
Charge for year 454 62 516
At 31 July 2024 454 629 1,083
NET BOOK VALUE
At 31 July 2024 20,971 186 21,157
At 31 July 2023 - 248 248

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 21,425
At 31 July 2024 21,425
DEPRECIATION
Charge for year 454
At 31 July 2024 454
NET BOOK VALUE
At 31 July 2024 20,971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,284 7,829
Directors' current accounts 9,029 3,692
VAT 916 -
Prepayments 1,180 372
12,409 11,893

David J Fras Plumbing & Heating Ltd (Registered number: 10883028)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 2,431 -
Trade creditors 31,395 24,750
Tax 12,407 16,446
Social security and other taxes 790 46
VAT - 4,406
Other creditors 683 458
Accrued expenses 800 770
48,506 46,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 12,444 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1.00 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
D Fras
Balance outstanding at start of year 3,692 3,364
Amounts advanced 9,029 3,692
Amounts repaid (3,692 ) (3,364 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,029 3,692

10. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end due from Mr D Fras was £9,029 (2023 - £3,692).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
David J Fras Plumbing & Heating Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David J Fras Plumbing & Heating Ltd for the year ended 31 July 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of David J Fras Plumbing & Heating Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David J Fras Plumbing & Heating Ltd and state those matters that we have agreed to state to the Board of Directors of David J Fras Plumbing & Heating Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David J Fras Plumbing & Heating Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that David J Fras Plumbing & Heating Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David J Fras Plumbing & Heating Ltd. You consider that David J Fras Plumbing & Heating Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David J Fras Plumbing & Heating Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


18 March 2025