E & M Plumbing & Pipe Fitting Services L - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06250024 (England and Wales)

E & M Plumbing & Pipe Fitting Services

Limited

Unaudited Financial Statements for the Year Ended 31 March 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J A Miller

SECRETARY:

Mrs E C Miller

REGISTERED OFFICE:

1 Forest Side

Clock House Lane

Nutley

Uckfield

East Sussex

TN22 3NY

REGISTERED NUMBER:

06250024 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

11,873

8,202

CURRENT ASSETS

Debtors

5

29,654

78,555

Cash at bank

28,628

17,068

58,282

95,623

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

14,368

30,012

NET CURRENT ASSETS

43,914

65,611

TOTAL ASSETS LESS CURRENT LIABILITIES

55,787

73,813

PROVISIONS FOR LIABILITIES

2,256

1,558

NET ASSETS

53,531

72,255

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

53,431

72,155

SHAREHOLDERS' FUNDS

53,531

72,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2021 and were signed by:

Mr J A Miller - Director

1.	STATUTORY INFORMATION

E & M Plumbing & Pipe Fitting Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced supply of services and goods, excluding value added tax.

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to the personal pension schemes of its employees. Contributions payable to these schemes are charged to the profit and loss account in the period to which they relate.

Going concern

The director has assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. This assessment has been required in the light of the significant uncertainty around the short to medium term impact of the spread of the Covid-19 virus.

At the time of approving the financial statements the director believes that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2020

5,217

-

18,910

1,453

25,580

Additions

401

2,274

3,426

471

6,572

At 31 March 2021

5,618

2,274

22,336

1,924

32,152

DEPRECIATION

At 1 April 2020

3,847

-

12,712

819

17,378

Charge for year

355

455

1,925

166

2,901

At 31 March 2021

4,202

455

14,637

985

20,279

NET BOOK VALUE

At 31 March 2021

1,416

1,819

7,699

939

11,873

At 31 March 2020

1,370

-

6,198

634

8,202

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

20,436

39,871

Other debtors

9,218

38,684

29,654

78,555

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

2,136

5,751

Taxation and social security

9,984

22,331

Other creditors

2,248

1,930

14,368

30,012

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

Mr J A Miller

Balance outstanding at start of year

31,524

9,592

Amounts advanced

12,225

62,832

Amounts repaid

(40,403

)

(40,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,346

31,524

This loan is unsecured and repayable on demand. Interest is charged on overdrawn balances at the HM Revenue & Customs beneficial interest rate.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £29,350 (2020: £15,450) were paid to the director.