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Registered Number: 05891761
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 October 2024

for

STEVE GRANT PLUMBING & HEATING LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 1,190    1,586 
1,190    1,586 
Current assets
Inventories 3 500    500 
Debtors 4 4,643    2,038 
Cash at bank and in hand 106,253    94,620 
111,396    97,158 
Creditors: amount falling due within one year 5 (12,255)   (12,386)
Net current assets/(liabilities) 99,141    84,772 
 
Total assets less current liabilities 100,331    86,358 
Provisions for liabilities 6 (226)   (301)
Net assets/(liabilities) 100,105    86,057 
 

Capital and reserves
Called up share capital 1    1 
Profit and loss account 7 100,104    86,056 
Shareholders fund 100,105    86,057 
 
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Stephen Dale Grant
Director

Date approved: 28 April 2025
1
Statutory Information
STEVE GRANT PLUMBING & HEATING LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 05891761, registration address 31/32 High Street, Wellingborough, Northamptonshire, NN8 4HL.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery25% Reducing Balance
Motor Vehicles25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation   Plant and Machinery   Motor Vehicles   Total
    £   £   £
At 01 November 2023   1,000    15,845    16,845 
Additions      
At 31 October 2024   1,000    15,845    16,845 
Depreciation
At 01 November 2023   1,000    14,259    15,259 
Charge for year     396    396 
At 31 October 2024   1,000    14,655    15,655 
Net book values
Closing balance as at 31 October 2024     1,190    1,190 
Opening balance as at 01 November 2023     1,586    1,586 

3.

Inventories

2024
£
  2023
£
Stocks 500    500 
500    500 
4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors 3,653    1,069 
Prepayments 990    969 
4,643    2,038 
5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors 187    685 
Salaries and wages control   758 
Accrued expenses 1,550    1,261 
Business credit card 387    1,096 
Directors' current account 75    123 
Corporation tax 6,407    6,091 
VAT 3,649    2,372 
12,255    12,386 
6.

Provisions for liabilities

2024
£
  2023
£
Deferred tax timing difference 226    301 
226    301 
7.

Profit and loss account

  2024
£
Balance at 01 November 2023 86,056 
Profit for the year 26,048 
Equity dividend paid (12,000)
Balance at 31 October 2024 100,104 

8.

Share Capital

Allotted
2024
£
  2023
£
1 Ordinary shares of £1.00 each  
 

9.

Average number of employees

Average number of employees during the year was 1 (2023: 1).
2