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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
Page
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H20 Plumbusters Ltd Company Information for the year ended 31 July 2024
Director
Mr M Russell
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
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H20 Plumbusters Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,681 
50,242 
Current assets
Debtors
56,264 
93,339 
Cash at bank and in hand
61,852 
74,753 
118,116 
168,092 
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)
Net assets
13,131 
45,589 
Capital and reserves
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
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H20 Plumbusters Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Leased assets
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 taxation
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.
Pension costs
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
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.
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H20 Plumbusters Ltd Notes to the Accounts for the year ended 31 July 2024
Turnover
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 
Depreciation
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 
Net book value
At 31 July 2024
637 
35,418 
1,626 
37,681 
At 31 July 2023
850 
47,224 
2,168 
50,242 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,443 
55,946 
Other debtors
7,821 
37,393 
56,264 
93,339 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,250 
5,250 
VAT
8,247 
288 
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 
Accruals
1,650 
2,500 
96,718 
128,458 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,513 
29,750 
Obligations under finance leases and hire purchase contracts
4,275 
6,718 
38,788 
36,468 
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H20 Plumbusters Ltd Notes to the Accounts for the year ended 31 July 2024
8
Share capital
2024 
2023 
£ 
£ 
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).
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