Registered number
05921270
Worthy Heating and Plumbing Services Limited
Filleted Accounts
30 September 2024
Worthy Heating and Plumbing Services Limited
Registered number: 05921270
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 21,895 11,020
Current assets
Stocks 1,200 1,200
Debtors 5 9,111 7,579
Cash at bank and in hand 122,641 143,591
132,952 152,370
Creditors: amounts falling due within one year 6 (78,112) (95,645)
Net current assets 54,840 56,725
Net assets 76,735 67,745
Capital and reserves
Called up share capital 2 2
Profit and loss account 76,733 67,743
Shareholders' funds 76,735 67,745
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kirsty Salter
Director
Approved by the board on 23 May 2025
Worthy Heating and Plumbing Services Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% reducing balance
Plant & Machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 90,000
At 30 September 2024 90,000
Amortisation
At 1 October 2023 90,000
At 30 September 2024 90,000
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 3,644 69,236 72,880
Additions - 24,290 24,290
Disposals - (14,500) (14,500)
At 30 September 2024 3,644 79,026 82,670
Depreciation
At 1 October 2023 3,142 58,718 61,860
Charge for the year 125 7,173 7,298
On disposals - (8,383) (8,383)
At 30 September 2024 3,267 57,508 60,775
Net book value
At 30 September 2024 377 21,518 21,895
At 30 September 2023 502 10,518 11,020
5 Debtors 2024 2023
£ £
Trade debtors 8,414 6,930
Other debtors 697 649
9,111 7,579
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,328 22,170
Taxation and social security costs 17,483 19,377
Other creditors 51,301 54,098
78,112 95,645
7 Other information
Worthy Heating and Plumbing Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Spring Cottage
Woodman Lane
Sparsholt
Winchester
SO21 2NZ
Worthy Heating and Plumbing Services Limited 05921270 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Kirsty Salter No description of principal activity 05921270 2022-10-01 2023-09-30 05921270 core:WithinOneYear 2023-09-30 05921270 core:ShareCapital 2023-09-30 05921270 core:RetainedEarningsAccumulatedLosses 2023-09-30 05921270 2023-10-01 2024-09-30 05921270 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05921270 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05921270 bus:Director40 2023-10-01 2024-09-30 05921270 1 2023-10-01 2024-09-30 05921270 2 2023-10-01 2024-09-30 05921270 core:PlantMachinery 2023-10-01 2024-09-30 05921270 core:Vehicles 2023-10-01 2024-09-30 05921270 countries:England 2023-10-01 2024-09-30 05921270 bus:FRS102 2023-10-01 2024-09-30 05921270 bus:FilletedAccounts 2023-10-01 2024-09-30 05921270 2024-09-30 05921270 core:WithinOneYear 2024-09-30 05921270 core:ShareCapital 2024-09-30 05921270 core:RetainedEarningsAccumulatedLosses 2024-09-30 05921270 core:Goodwill 2024-09-30 05921270 core:PlantMachinery 2024-09-30 05921270 core:Vehicles 2024-09-30 05921270 2023-09-30 05921270 core:Goodwill 2023-09-30 05921270 core:PlantMachinery 2023-09-30 05921270 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure