Registered number
07041715
Cardrick Plumbing and Heating Ltd
Filleted Accounts
31 October 2024
Malcolm Franke & Co Ltd
Chartered Accountants
Cardrick Plumbing and Heating Ltd
Registered number: 07041715
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 19,283 24,193
Current assets
Stock 15,000 15,000
Debtors 5 6,972 1,993
Cash at bank and in hand 308 17,329
22,280 34,322
Creditors: amounts falling due within one year 6 (22,994) (32,635)
Net current (liabilities)/assets (714) 1,687
Total assets less current liabilities 18,569 25,880
Creditors: amounts falling due after more than one year 7 (5,875) (10,921)
Net assets 12,694 14,959
Capital and reserves
Called up share capital 2 2
Profit and loss account 12,692 14,957
Shareholder's funds 12,694 14,959
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D R Cardrick
Director
Date: 31 March 2025
Cardrick Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plumbing equipment 25% of reducing balance
Office and store equipment 25% of reducing balance
Motor vehicles 20% of reducing balance
Stock
Stock is measured at the lower of cost and estimated selling price, less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 17,300
At 31 October 2024 17,300
Amortisation
At 1 November 2023 17,300
At 31 October 2024 17,300
Net book value
At 31 October 2024 -
Up until 31 October 2019, goodwill was being written off in equal annual instalments over its original estimated economic life of 20 years. However, with the ongoing sole director, D R Cardrick, being of the opinion that the acquired goodwill no longer had any value, the remainder of the book value was written off in the year ended 31 October 2020.
4 Tangible fixed assets
Plumbing equipment Office and store equipment Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 2,063 3,175 38,285 43,523
At 31 October 2024 2,063 3,175 38,285 43,523
Depreciation
At 1 November 2023 1,141 2,646 15,543 19,330
Charge for the year 230 132 4,548 4,910
At 31 October 2024 1,371 2,778 20,091 24,240
Net book value
At 31 October 2024 692 397 18,194 19,283
At 31 October 2023 922 529 22,742 24,193
5 Debtors 2024 2023
£ £
Trade debtors and accrued income 2,166 1,438
Overdrawn director's loan 4,289 -
Other debtors and prepayments 517 555
6,972 1,993
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank overdraft 4,573 -
Bounce back loan (part) 4,426 4,426
Hire purchase account (part) 650 3,902
Trade creditors 910 14,969
Director's loan - 1,357
Corporation tax 5,312 4,796
PAYE and VAT accruals 3,020 1,685
Other creditors and accruals 4,103 1,500
22,994 32,635
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan (part) 5,875 10,271
Hire purchase account (part) - 650
5,875 10,921
8 Other information
Cardrick Plumbing and Heating Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Upcott House, The Down
Bere Alston
Yelverton
Devon
PL20 7HG
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