1 July 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP076828692023-07-012024-06-30076828692024-06-30076828692023-06-3007682869core:WithinOneYear2024-06-3007682869core:WithinOneYear2023-06-3007682869core:ShareCapital2024-06-3007682869core:ShareCapital2023-06-3007682869core:RetainedEarningsAccumulatedLosses2024-06-3007682869core:RetainedEarningsAccumulatedLosses2023-06-3007682869bus:Director12023-07-012024-06-3007682869bus:RegisteredOffice2023-07-012024-06-3007682869core:NetGoodwill2023-07-012024-06-3007682869core:PlantMachinery2023-07-012024-06-3007682869core:MotorVehicles2023-07-012024-06-3007682869core:OfficeEquipment2023-07-012024-06-30076828692022-07-012023-06-3007682869core:NetGoodwill2024-06-3007682869core:NetGoodwill2023-07-0107682869core:NetGoodwill2023-06-3007682869core:PlantMachinery2023-07-0107682869core:PlantMachinery2024-06-3007682869core:PlantMachinery2023-06-300768286912023-07-012024-06-3007682869countries:EnglandWales2023-07-012024-06-3007682869bus:AuditExemptWithAccountantsReport2023-07-012024-06-3007682869bus:PrivateLimitedCompanyLtd2023-07-012024-06-3007682869bus:SmallEntities2023-07-012024-06-3007682869bus:FullAccounts2023-07-012024-06-30
Company registration number:
07682869
S Mogg Plumbing And Heating Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
S Mogg Plumbing And Heating Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Intangible assets 5
2,000
 
2,250
 
Tangible assets 6
705
 
997
 
2,705
 
3,247
 
Current assets    
Stocks
4,500
 
4,900
 
Debtors 7
19,378
 
2,318
 
Cash at bank and in hand
983
 
10,562
 
24,861
 
17,780
 
Creditors: amounts falling due within one year 8
(50,409
)
(44,163
)
Net current liabilities
(25,548
)
(26,383
)
Total assets less current liabilities (22,843 ) (23,136 )
Provisions for liabilities
(134
)
(226
)
Net liabilities
(22,977
)
(23,362
)
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(22,978
)
(23,363
)
Shareholders deficit
(22,977
)
(23,362
)
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 March 2025
, and are signed on behalf of the board by:
Mr S Mogg
Director
Company registration number:
07682869
S Mogg Plumbing And Heating Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
6 Tintagel Way
,
New Waltham
,
Grimsby
,
North East Lincolnshire
,
DN36 4GT
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line
Motor vehicles
25% straight line
Office equipment
20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 July 2023
and
30 June 2024
5,000
 
Amortisation  
At
1 July 2023
2,750
 
Charge
250
 
At
30 June 2024
3,000
 
Carrying amount  
At
30 June 2024
2,000
 
At 30 June 2023
2,250
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
13,886
 
Additions
90
 
Disposals
(50
)
At
30 June 2024
13,926
 
Depreciation  
At
1 July 2023
12,889
 
Charge
382
 
Disposals
(50
)
At
30 June 2024
13,221
 
Carrying amount  
At
30 June 2024
705
 
At 30 June 2023
997
 

7 Debtors

20242023
££
Trade debtors
18,500
 
1,500
 
Other debtors
878
 
818
 
19,378
 
2,318
 

8 Creditors: amounts falling due within one year

20242023
££
Other creditors
50,409
 
44,163