Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01Heating & Plumbing Servicesfalse22falsetruefalse 12057552 2023-08-01 2024-07-31 12057552 2022-08-01 2023-07-31 12057552 2024-07-31 12057552 2023-07-31 12057552 c:Director1 2023-08-01 2024-07-31 12057552 c:Director2 2023-08-01 2024-07-31 12057552 c:RegisteredOffice 2023-08-01 2024-07-31 12057552 d:PlantMachinery 2023-08-01 2024-07-31 12057552 d:PlantMachinery 2024-07-31 12057552 d:PlantMachinery 2023-07-31 12057552 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12057552 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12057552 d:MotorVehicles 2023-08-01 2024-07-31 12057552 d:MotorVehicles 2024-07-31 12057552 d:MotorVehicles 2023-07-31 12057552 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12057552 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12057552 d:OfficeEquipment 2023-08-01 2024-07-31 12057552 d:OfficeEquipment 2024-07-31 12057552 d:OfficeEquipment 2023-07-31 12057552 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12057552 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12057552 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12057552 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12057552 d:Goodwill 2023-08-01 2024-07-31 12057552 d:Goodwill 2024-07-31 12057552 d:Goodwill 2023-07-31 12057552 d:CurrentFinancialInstruments 2024-07-31 12057552 d:CurrentFinancialInstruments 2023-07-31 12057552 d:Non-currentFinancialInstruments 2024-07-31 12057552 d:Non-currentFinancialInstruments 2023-07-31 12057552 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12057552 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12057552 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 12057552 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12057552 d:ShareCapital 2024-07-31 12057552 d:ShareCapital 2023-07-31 12057552 d:RetainedEarningsAccumulatedLosses 2024-07-31 12057552 d:RetainedEarningsAccumulatedLosses 2023-07-31 12057552 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-07-31 12057552 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 12057552 c:OrdinaryShareClass1 2023-08-01 2024-07-31 12057552 c:OrdinaryShareClass1 2024-07-31 12057552 c:OrdinaryShareClass1 2023-07-31 12057552 c:OrdinaryShareClass2 2023-08-01 2024-07-31 12057552 c:OrdinaryShareClass2 2024-07-31 12057552 c:OrdinaryShareClass2 2023-07-31 12057552 c:FRS102 2023-08-01 2024-07-31 12057552 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12057552 c:FullAccounts 2023-08-01 2024-07-31 12057552 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12057552 d:WithinOneYear 2024-07-31 12057552 d:WithinOneYear 2023-07-31 12057552 d:BetweenOneFiveYears 2024-07-31 12057552 d:BetweenOneFiveYears 2023-07-31 12057552 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 12057552 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 12057552 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 12057552 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 12057552 2 2023-08-01 2024-07-31 12057552 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-07-31 12057552 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 12057552 d:LeasedAssetsHeldAsLessee 2024-07-31 12057552 d:LeasedAssetsHeldAsLessee 2023-07-31 12057552 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 12057552 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12057552










DW HEATING AND PLUMBING (NORFOLK) LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
COMPANY INFORMATION


Directors
Daniel Warricker 
Sarah Warricker 




Registered number
12057552



Registered office
12 Church Street

Cromer

NR27 9ER




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
DW HEATING AND PLUMBING (NORFOLK) LTD
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 12


 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DW HEATING AND PLUMBING (NORFOLK) LTD
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DW Heating and Plumbing (Norfolk) Ltd for the year ended 31 July 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of DW Heating and Plumbing (Norfolk) Ltd, as a body, in accordance with the terms of our engagement letter dated 14 March 2023Our work has been undertaken solely to prepare for your approval the financial statements of DW Heating and Plumbing (Norfolk) Ltd and state those matters that we have agreed to state to the Board of Directors of DW Heating and Plumbing (Norfolk) Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DW Heating and Plumbing (Norfolk) Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that DW Heating and Plumbing (Norfolk) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DW Heating and Plumbing (Norfolk) Ltd. You consider that DW Heating and Plumbing (Norfolk) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of DW Heating and Plumbing (Norfolk) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
 
28 April 2025
Page 1

 
DW HEATING AND PLUMBING (NORFOLK) LTD
REGISTERED NUMBER: 12057552

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
14,663
17,595

Tangible assets
 5 
22,170
30,729

  
36,833
48,324

Current assets
  

Stocks
  
1,480
1,450

Debtors: amounts falling due within one year
 6 
8,185
17,519

Cash at bank and in hand
  
10,149
8,799

  
19,814
27,768

Creditors: amounts falling due within one year
 7 
(17,737)
(13,038)

Net current assets
  
 
 
2,077
 
 
14,730

Total assets less current liabilities
  
38,910
63,054

Creditors: amounts falling due after more than one year
 8 
(18,042)
(20,334)

Provisions for liabilities
  

Deferred tax
  
(463)
(589)

  
 
 
(463)
 
 
(589)

Net assets
  
20,405
42,131


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
20,305
42,031

  
20,405
42,131


Page 2

 
DW HEATING AND PLUMBING (NORFOLK) LTD
REGISTERED NUMBER: 12057552
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Daniel Warricker
................................................
Sarah Warricker
Director
Director


Date: 4 April 2025

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The Company is a private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is 12 Church Street, Cromer, Norfolk, NR27 9ER and its company number is 12057552.
The company's principle activity is that of plumbing, heating and boiler installation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 5

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on either a reducing balance or straight line basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance basis
Motor vehicles
-
25%
straight line basis
Office equipment
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 6

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Page 7

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
29,324



At 31 July 2024

29,324



Amortisation


At 1 August 2023
11,729


Charge for the year on owned assets
2,932



At 31 July 2024

14,661



Net book value



At 31 July 2024
14,663



At 31 July 2023
17,595



Page 8

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Motor vehicles
Total

£
£
£
£



Cost


At 1 August 2023
2,867
2,028
31,574
36,469



At 31 July 2024

2,867
2,028
31,574
36,469



Depreciation


At 1 August 2023
632
1,161
3,947
5,740


Charge for the year on owned assets
447
218
-
665


Charge for the year on financed assets
-
-
7,894
7,894



At 31 July 2024

1,079
1,379
11,841
14,299



Net book value



At 31 July 2024
1,788
649
19,733
22,170



At 31 July 2023
2,235
867
27,627
30,729

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
19,733
27,627

19,733
27,627

Page 9

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
319
868

Other debtors
4,519
13,070

Prepayments and accrued income
3,347
3,581

8,185
17,519



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,598
252

Corporation tax
5,805
6,118

Other taxation and social security
3,997
3,991

Obligations under finance lease and hire purchase contracts
2,292
1,727

Accruals and deferred income
1,045
950

17,737
13,038


The following liabilities were secured:

2024
2023
£
£



Obligations under finance leases
2,292
1,727

2,292
1,727

Details of security provided:

The outstanding liability in respect of obligations under finance leases is secured against the assets for which the finance has been obtained.

Page 10

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
18,042
20,334

18,042
20,334


The following liabilities were secured:

2024
2023
£
£



Obligations under finance leases
18,042
20,334

18,042
20,334

Details of security provided:

The outstanding liability in respect of obligations under finance leases is secured against the assets for which the finance has been obtained.


9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
3,445
3,445

Between 1-5 years
18,713
22,158

22,158
25,603


10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
10,149
8,799




Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.

Page 11

 
DW HEATING AND PLUMBING (NORFOLK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



80 (2023 - 80) Ordinary A Shares shares of £1.00 each
80
80
20 (2023 - 20) Ordinary B Shares shares of £1.00 each
20
20

100

100



12.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
8,047
8,047

Later than 1 year and not later than 5 years
9,388
17,434

17,435
25,481


13.


Transactions with directors

During the year, the company incurred expenses on behalf of the directors totaling £34,279 (2023 : £39,963). Conversely, the directors made contributions to the company in lieu of their directors' loan accounts totaling £43,401 (2023 : £312). As at 31 July 2024, the directors' loan accounts were overdrawn by the sum of £3,948 (2023 : £13,070). Interest has been charged to the directors on the outstanding balances at HMRC's average official beneficial loan rates. Since the balance sheet date, the overdrawn amounts have been repaid in full.

 
Page 12