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REGISTERED NUMBER: 06698044 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Mark Palmer Plumbing & Heating Limited

Mark Palmer Plumbing & Heating Limited (Registered number: 06698044)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mark Palmer Plumbing & Heating Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M Palmer





SECRETARY: Mrs C Palmer





REGISTERED OFFICE: 42 Castle Road
Cookley
Kidderminster
Worcestershire
DY10 3TF





REGISTERED NUMBER: 06698044 (England and Wales)





ACCOUNTANTS: Moneywise Midlands
Office 4, Third Floor
26 Church Street
Kidderminster
Worcestershire
DY10 2AR

Mark Palmer Plumbing & Heating Limited (Registered number: 06698044)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,934 8,996

CURRENT ASSETS
Stocks 743 607
Debtors 5 5,780 595
Cash at bank 54,839 55,305
61,362 56,507
CREDITORS
Amounts falling due within one year 6 13,345 9,105
NET CURRENT ASSETS 48,017 47,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,951

56,398

CREDITORS
Amounts falling due after more than
one year

7

(2,100

)

(4,900

)

PROVISIONS FOR LIABILITIES (1,237 ) (1,603 )
NET ASSETS 51,614 49,895

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 51,514 49,795
51,614 49,895

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.

Mark Palmer Plumbing & Heating Limited (Registered number: 06698044)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2025 and were signed by:





M Palmer - Director


Mark Palmer Plumbing & Heating Limited (Registered number: 06698044)

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

1. STATUTORY INFORMATION

Mark Palmer Plumbing & Heating Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Mark Palmer Plumbing & Heating Limited (Registered number: 06698044)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 1,281 29,890 31,171
Additions 250 - 250
At 30 September 2024 1,531 29,890 31,421
DEPRECIATION
At 1 October 2023 1,280 20,895 22,175
Charge for year 63 2,249 2,312
At 30 September 2024 1,343 23,144 24,487
NET BOOK VALUE
At 30 September 2024 188 6,746 6,934
At 30 September 2023 1 8,995 8,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 5,335 150
Other debtors 445 445
5,780 595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 2,800 2,800
Trade creditors 2,104 2,119
Taxation and social security 1,742 1,507
Other creditors 6,699 2,679
13,345 9,105

Mark Palmer Plumbing & Heating Limited (Registered number: 06698044)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 2,100 4,900

8. RESERVES
Retained
earnings
£   

At 1 October 2023 49,795
Profit for the year 5,219
Dividends (3,500 )
At 30 September 2024 51,514