Company Registration No. 10274217 (England and Wales)
H20 Plumbusters Ltd
Unaudited accounts
for the year ended 31 July 2024
H20 Plumbusters Ltd
Unaudited accounts
Contents
H20 Plumbusters Ltd
Company Information
for the year ended 31 July 2024
Company Number
10274217 (England and Wales)
Registered Office
Northdown
Chatham Road
Sandling, Maidstone
Kent
ME14 3AY
UNITED KINGDOM
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
H20 Plumbusters Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
37,681
50,242
Cash at bank and in hand
61,852
74,753
Creditors: amounts falling due within one year
(96,718)
(128,458)
Net current assets
21,398
39,634
Total assets less current liabilities
59,079
89,876
Creditors: amounts falling due after more than one year
(38,788)
(36,468)
Provisions for liabilities
Deferred tax
(7,160)
(7,819)
Called up share capital
101
101
Profit and loss account
13,030
45,488
Shareholders' funds
13,131
45,589
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2024 and were signed on its behalf by
Mr M Russell
Director
Company Registration No. 10274217
H20 Plumbusters Ltd
Notes to the Accounts
for the year ended 31 July 2024
H20 Plumbusters Ltd is a private company, limited by shares, registered in England and Wales, registration number 10274217. The registered office is Northdown, Chatham Road, Sandling, Maidstone, Kent, ME14 3AY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
H20 Plumbusters Ltd
Notes to the Accounts
for the year ended 31 July 2024
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
2,938
128,159
3,815
134,912
At 31 July 2024
2,938
128,159
3,815
134,912
At 1 August 2023
2,088
80,935
1,647
84,670
Charge for the year
213
11,806
542
12,561
At 31 July 2024
2,301
92,741
2,189
97,231
At 31 July 2024
637
35,418
1,626
37,681
At 31 July 2023
850
47,224
2,168
50,242
Amounts falling due within one year
Trade debtors
48,443
55,946
Other debtors
7,821
37,393
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,250
5,250
Obligations under finance leases and hire purchase contracts
2,443
2,443
Trade creditors
22,898
42,011
Taxes and social security
20,498
37,568
Other creditors
35,732
37,754
Loans from directors
-
644
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,275
6,718
H20 Plumbusters Ltd
Notes to the Accounts
for the year ended 31 July 2024
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
101
9
Average number of employees
During the year the average number of employees was 7 (2023: 5).