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REGISTERED NUMBER: 10806636 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Tidal Plumbing and Heating Ltd

Tidal Plumbing and Heating Ltd (Registered number: 10806636)






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


Tidal Plumbing and Heating Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Turner
G Turner





REGISTERED OFFICE: 11 Effingham Gardens
Southampton
Hampshire
SO19 8GF





REGISTERED NUMBER: 10806636 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Tidal Plumbing and Heating Ltd (Registered number: 10806636)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,691 14,276

CURRENT ASSETS
Stocks 1,000 1,500
Debtors 5 64,900 43,795
Cash at bank 2,780 673
68,680 45,968
CREDITORS
Amounts falling due within one year 6 138,386 117,352
NET CURRENT LIABILITIES (69,706 ) (71,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,015

)

(57,108

)

CREDITORS
Amounts falling due after more than one
year

7

29,112

26,593
NET LIABILITIES (88,127 ) (83,701 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (88,227 ) (83,801 )
SHAREHOLDERS' FUNDS (88,127 ) (83,701 )

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.

Tidal Plumbing and Heating Ltd (Registered number: 10806636)

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 27 March 2025 and were signed on its behalf by:




M Turner - Director



G Turner - Director


Tidal Plumbing and Heating Ltd (Registered number: 10806636)

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

1. STATUTORY INFORMATION

Tidal Plumbing and 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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 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
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.

Tidal Plumbing and Heating Ltd (Registered number: 10806636)

Notes to the Financial Statements - continued
for the Year Ended 30 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 5,180 22,140 1,177 28,497
Additions 100 - 117 217
Disposals - - (721 ) (721 )
At 30 June 2024 5,280 22,140 573 27,993
DEPRECIATION
At 1 July 2023 5,180 8,136 905 14,221
Charge for year 22 3,501 116 3,639
Eliminated on disposal - - (558 ) (558 )
At 30 June 2024 5,202 11,637 463 17,302
NET BOOK VALUE
At 30 June 2024 78 10,503 110 10,691
At 30 June 2023 - 14,004 272 14,276

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 22,140
DEPRECIATION
At 1 July 2023 8,136
Charge for year 3,501
At 30 June 2024 11,637
NET BOOK VALUE
At 30 June 2024 10,503
At 30 June 2023 14,004

Tidal Plumbing and Heating Ltd (Registered number: 10806636)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,330 840
Amounts recoverable on contract 325 1,889
Other debtors 672 672
Directors' current accounts 30,144 16,320
Tax 10,119 3,799
Deferred tax asset 21,310 20,275
64,900 43,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 1,067 8,205
Hire purchase contracts 6,248 6,478
Trade creditors 9,491 15,426
Tax 9,796 3,799
Social security and other taxes 47,338 36,982
VAT 61,646 43,685
Accrued expenses 2,800 2,777
138,386 117,352

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 2-5 years 24,537 17,871
Hire purchase contracts 4,575 8,722
29,112 26,593

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.24 30.6.23
£    £   
G Turner and M Turner
Balance outstanding at start of year 16,320 17,889
Amounts advanced 41,561 28,212
Amounts repaid (27,737 ) (29,781 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,144 16,320

Interest is charged on th above loan at the HMRC recommended rate.

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors by virtue of their 100% interest in the issued share capital of the company.

Tidal Plumbing and Heating Ltd (Registered number: 10806636)

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

10. GOING CONCERN

The Director considers, that with the continued support of the of the Company Director and creditors, the company has sufficient resources to support the company until a solvent position has been achieved, for at least 12 months from the approval of these financial statements. On this assumption the accounts have been drawn up on a going concern basis.