2023-11-012024-10-312024-10-31false09833198MULTI FUEL HEATING AND PLUMBING 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MULTI FUEL HEATING AND PLUMBING LTD

Registered Number
09833198
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

MULTI FUEL HEATING AND PLUMBING LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

SOAR, Matthew

Registered Address

30 Tinwell Close Lower Earley
Reading
RG6 3BJ

Registered Number

09833198 (England and Wales)
MULTI FUEL HEATING AND PLUMBING LTD
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets339,70116,041
39,70116,041
Current assets
Debtors463,63845,034
Cash at bank and on hand28,74216,168
92,38061,202
Creditors amounts falling due within one year5(104,423)(61,027)
Net current assets (liabilities)(12,043)175
Total assets less current liabilities27,65816,216
Creditors amounts falling due after one year6(27,565)(16,108)
Net assets93108
Capital and reserves
Called up share capital22
Profit and loss account91106
Shareholders' funds93108
The financial statements were approved and authorised for issue by the Director on 28 July 2025, and are signed on its behalf by:
SOAR, Matthew
Director
Registered Company No. 09833198
MULTI FUEL HEATING AND PLUMBING LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery15-
Vehicles254
Office Equipment-4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 November 233,33030,50874734,585
Additions34132,433-32,774
Disposals-(2,131)-(2,131)
At 31 October 243,67160,81074765,228
Depreciation and impairment
At 01 November 231,70716,16267518,544
Charge for year2436,704366,983
At 31 October 241,95022,86671125,527
Net book value
At 31 October 241,72137,9443639,701
At 31 October 231,62314,3467216,041
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables13,71922,692
Other debtors34,9197,342
Prepayments and accrued income15,00015,000
Total63,63845,034
A debit balance of £30,000 (2023 -£5,500) existed on the director loan account at year end. This was repaid in full by way of part repayment and dividend declaration within nine months of year end. Interest was charged at HMRC approved rate.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables72,48324,200
Bank borrowings and overdrafts13,60813,628
Taxation and social security11,0506,600
Finance lease and HP contracts4,54812,284
Other creditors2,4483,886
Accrued liabilities and deferred income286429
Total104,42361,027
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,33316,108
Other creditors25,232-
Total27,56516,108
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts29,78012,284
8.Provisions for liabilities