Paul Lewis And Sons Plumbing And Heating - Accounts to registrar (filleted)

REGISTERED NUMBER: 08138255 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Paul Lewis And Sons Plumbing And Heating

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Lewis

REGISTERED OFFICE:

3 Waterside Gardens

Shrewsbury

Shropshire

SY3 9AG

REGISTERED NUMBER:

08138255 (England and Wales)

ACCOUNTANTS:

Elliot Accountants Limited

3 Waterside Gardens

Shrewsbury

Shropshire

SY3 9AG

FIXED ASSETS

Tangible assets

4

149,278

154,337

CURRENT ASSETS

Stocks

38,752

42,333

Debtors

5

(892

)

29,009

Cash at bank

152,361

216,142

190,221

287,484

CREDITORS

Amounts falling due within one year

6

78,521

113,595

NET CURRENT ASSETS

111,700

173,889

TOTAL ASSETS LESS CURRENT
LIABILITIES

260,978

328,226

CAPITAL AND RESERVES

Called up share capital

7

50

100

Retained earnings

8

260,928

328,126

SHAREHOLDERS' FUNDS

260,978

328,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 15 December 2022 and were signed by:

J Lewis - Director

1.	STATUTORY INFORMATION

Paul Lewis And Sons Plumbing And 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 etc

-

25% on cost and 10% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 8 (2021 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2021

117,466

112,805

230,271

Additions

16,999

1,389

18,388

Disposals

-

(19,701

)

(19,701

)

At 31 March 2022

134,465

94,493

228,958

DEPRECIATION

At 1 April 2021

-

75,934

Charge for year

-

23,281

Eliminated on disposal

-

(19,535

)

(19,535

)

At 31 March 2022

-

79,680

NET BOOK VALUE

At 31 March 2022

134,465

14,813

149,278

At 31 March 2021

117,466

36,871

154,337

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Trade debtors

(6,970

)

12,463

Other debtors

6,078

16,546

(892

)

29,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Trade creditors

18,649

84,224

Taxation and social security

35,979

20,606

Other creditors

23,893

8,765

78,521

113,595

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

100

Ordinary

£1

50

100

8.

RESERVES

Retained

earnings

£

At 1 April 2021

328,126

Profit for the year

122,752

Dividends

(40,000

)

Purchase of own shares

(149,950

)

At 31 March 2022

260,928

Paul Lewis And Sons Plumbing And Heating - Accounts to registrar (filleted) - small 22.3

Paul Lewis And Sons Plumbing And Heating - Accounts to registrar (filleted) - small 22.3