IRIS Accounts Production v24.3.2.46 05241951 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052419512023-09-30052419512024-09-30052419512023-10-012024-09-30052419512022-09-30052419512022-10-012023-09-30052419512023-09-3005241951ns15:EnglandWales2023-10-012024-09-3005241951ns14:PoundSterling2023-10-012024-09-3005241951ns10:Director12023-10-012024-09-3005241951ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005241951ns10:SmallEntities2023-10-012024-09-3005241951ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3005241951ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005241951ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005241951ns10:FullAccounts2023-10-012024-09-3005241951ns10:RegisteredOffice2023-10-012024-09-3005241951ns5:CurrentFinancialInstruments2024-09-3005241951ns5:CurrentFinancialInstruments2023-09-3005241951ns5:Non-currentFinancialInstruments2024-09-3005241951ns5:Non-currentFinancialInstruments2023-09-3005241951ns5:ShareCapital2024-09-3005241951ns5:ShareCapital2023-09-3005241951ns5:RetainedEarningsAccumulatedLosses2024-09-3005241951ns5:RetainedEarningsAccumulatedLosses2023-09-3005241951ns5:FurnitureFittings2023-10-012024-09-3005241951ns5:MotorVehicles2023-10-012024-09-3005241951ns5:ComputerEquipment2023-10-012024-09-3005241951ns5:FurnitureFittings2023-09-3005241951ns5:MotorVehicles2023-09-3005241951ns5:ComputerEquipment2023-09-3005241951ns5:FurnitureFittings2024-09-3005241951ns5:MotorVehicles2024-09-3005241951ns5:ComputerEquipment2024-09-3005241951ns5:FurnitureFittings2023-09-3005241951ns5:MotorVehicles2023-09-3005241951ns5:ComputerEquipment2023-09-3005241951ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3005241951ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3005241951ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-09-3005241951ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-09-3005241951ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3005241951ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3005241951ns5:HirePurchaseContracts2024-09-3005241951ns5:HirePurchaseContracts2023-09-30
REGISTERED NUMBER: 05241951 (England and Wales)















Financial Statements

for the Year Ended 30 September 2024

for

A & B Plumbing Ltd

A & B Plumbing Ltd (Registered number: 05241951)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A & B Plumbing Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: B D Skeet





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 05241951 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

A & B Plumbing Ltd (Registered number: 05241951)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 15,047 18,140

CURRENT ASSETS
Inventories 1,750 1,750
Debtors 6 13,921 19,350
Cash at bank 7,090 709
22,761 21,809
CREDITORS
Amounts falling due within one year 7 (25,658 ) (23,902 )
NET CURRENT LIABILITIES (2,897 ) (2,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,150

16,047

CREDITORS
Amounts falling due after more than one
year

8

(4,455

)

(12,354

)

PROVISIONS FOR LIABILITIES (3,762 ) (3,447 )
NET ASSETS 3,933 246

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,833 146
SHAREHOLDERS' FUNDS 3,933 246

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A & B Plumbing Ltd (Registered number: 05241951)

Statement of Financial Position - continued
30 September 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 director and authorised for issue on 27 March 2025 and were signed by:





B D Skeet - Director


A & B Plumbing Ltd (Registered number: 05241951)

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

1. STATUTORY INFORMATION

A & B Plumbing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis, despite the net current liability position of £2,897 (2023: £2,093), as the director has confirmed that he will continue to provide financial support to the company to enable it to meet its liabilities as they fall due for the foreseeable future.

Turnover
Revenue 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

A & B Plumbing Ltd (Registered number: 05241951)

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

3. 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.

Hire purchase and leasing commitments
Where assets are financed by leasing agreements that give rights approximating to ownership ("finance leases"), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as obligations to the lessor.

Lease payments are treated as consisting of capital and interest elements, and the interest is charged to the profit and loss account in proportion to the remaining balance outstanding.

All other leases are "operating leases" and the annual rentals are charged to profit and loss on a straight line basis over the lease term.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 October 2023 1,013 46,182 2,222 49,417
Additions - - 2,574 2,574
Disposals - - (1,233 ) (1,233 )
At 30 September 2024 1,013 46,182 3,563 50,758
Depreciation
At 1 October 2023 455 29,382 1,440 31,277
Charge for year 139 4,201 677 5,017
Eliminated on disposal - - (583 ) (583 )
At 30 September 2024 594 33,583 1,534 35,711
Net book value
At 30 September 2024 419 12,599 2,029 15,047
At 30 September 2023 558 16,800 782 18,140

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 13,921 9,758
Other debtors - 9,592
13,921 19,350

A & B Plumbing Ltd (Registered number: 05241951)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 4,116 4,014
Hire purchase contracts (see note 9) 3,783 3,783
Trade creditors 192 4,693
Taxation and social security 15,062 9,450
Other creditors 2,505 1,962
25,658 23,902

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 3,509 7,625
Hire purchase contracts (see note 9) 946 4,729
4,455 12,354

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30/9/24 30/9/23
£    £   
Net obligations repayable:
Within one year 3,783 3,783
Between one and five years 946 4,729
4,729 8,512