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REGISTERED NUMBER: 09663121 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

SHEDFIELD PLUMBERS LIMITED

SHEDFIELD PLUMBERS LIMITED (REGISTERED NUMBER: 09663121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEDFIELD PLUMBERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mrs S L Hack
Mr T J Hack





REGISTERED OFFICE: 10 Bettesworth Road
Portsmouth
Hampshire
PO1 5RG





REGISTERED NUMBER: 09663121 (England and Wales)






SHEDFIELD PLUMBERS LIMITED (REGISTERED NUMBER: 09663121)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 323 558
323 558

CURRENT ASSETS
Stocks 3,500 5,200
Debtors 6 40,141 34,700
Cash at bank 6,495 19,311
50,136 59,211
CREDITORS
Amounts falling due within one year 7 43,725 46,937
NET CURRENT ASSETS 6,411 12,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,734

12,832

CREDITORS
Amounts falling due after more than one
year

8

5,785

11,946
NET ASSETS 949 886

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 849 786
949 886

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

SHEDFIELD PLUMBERS LIMITED (REGISTERED NUMBER: 09663121)

BALANCE SHEET - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:





Mrs S L Hack - Director


SHEDFIELD PLUMBERS LIMITED (REGISTERED NUMBER: 09663121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Shedfield Plumbers 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
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of
net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less
accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful
life and is amortised on a systematic basis over its expected life, which is 5 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.

All fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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.

SHEDFIELD PLUMBERS LIMITED (REGISTERED NUMBER: 09663121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 13,500
AMORTISATION
At 1st July 2023
and 30th June 2024 13,500
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st July 2023
and 30th June 2024 245 1,500 1,939 3,684
DEPRECIATION
At 1st July 2023 245 1,500 1,381 3,126
Charge for year - - 235 235
At 30th June 2024 245 1,500 1,616 3,361
NET BOOK VALUE
At 30th June 2024 - - 323 323
At 30th June 2023 - - 558 558

SHEDFIELD PLUMBERS LIMITED (REGISTERED NUMBER: 09663121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,900 9,264
Other debtors 32,241 25,436
40,141 34,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,468 6,932
Trade creditors 4,600 4,086
Taxation and social security 27,896 34,996
Other creditors 761 923
43,725 46,937

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,785 11,946

9. OTHER FINANCIAL COMMITMENTS

Lease commitments in respect of motor vehicles are £66,123 at the balance sheet date (2023: £13,416). No other lease commitments existed at the balance sheet date.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
Mrs S L Hack
Balance outstanding at start of year 9,061 9,196
Amounts advanced 52,260 45,703
Amounts repaid (48,321 ) (45,838 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,000 9,061

Mr T J Hack
Balance outstanding at start of year 9,061 9,196
Amounts advanced 54,340 43,620
Amounts repaid (50,401 ) (43,755 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,000 9,061