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Unaudited Financial Statements |
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for the Year Ended 30 March 2020 |
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for |
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Precision Heating and Plumbing Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 March 2020 |
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for |
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Precision Heating and Plumbing Ltd |
Precision Heating and Plumbing Ltd (Registered number: 09876035) |
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Contents of the Financial Statements |
for the Year Ended 30 March 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Precision Heating and Plumbing Ltd |
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Company Information |
for the Year Ended 30 March 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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7 Merlin Courtyard |
Gatehouse Close |
Aylesbury |
Buckinghamshire |
HP19 8DP |
Precision Heating and Plumbing Ltd (Registered number: 09876035) |
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Balance Sheet |
30 March 2020 |
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30.3.20 | 30.3.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Precision Heating and Plumbing Ltd (Registered number: 09876035) |
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Notes to the Financial Statements |
for the Year Ended 30 March 2020 |
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1. | STATUTORY INFORMATION |
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Precision Heating and Plumbing Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the net invoiced value of sales and services, excluding value added tax. |
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Tangible fixed assets |
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Motor vehicles | - |
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Taxation |
Taxation for the year comprises current 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. |
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Current taxation assets and liabilities are not discounted. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 31 March 2019 |
and 30 March 2020 |
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DEPRECIATION |
Charge for year |
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At 30 March 2020 |
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NET BOOK VALUE |
At 30 March 2020 |
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At 30 March 2019 |
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Assets included above with a net book value of £9,956 (2019 - £11,995) are subject to a hire purchase agreement. Depreciation of £2,399 (2019 - nil) was charged on these assets in this period. |
Precision Heating and Plumbing Ltd (Registered number: 09876035) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 March 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.3.20 | 30.3.19 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.3.20 | 30.3.19 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.3.20 | 30.3.19 |
£ | £ |
Hire purchase contracts |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.3.20 | 30.3.19 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 31 March 2019 | ( |
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Profit for the year |
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At 30 March 2020 |
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10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Creditors include £605 (2019 - £32,223) due to the director, J P Brion. There are no fixed terms for repayment of this loan which is currently interest free. |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by J P Brion who is the sole shareholder. |
Precision Heating and Plumbing Ltd (Registered number: 09876035) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 March 2020 |
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12. | GOING CONCERN |
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After making enquiries, the director has formed a judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence. This is because the director has agreed to provide the company with continuous support for the foreseeable future. |