Clive Swann Plumbing & Heating Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04788254 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2021

for

Clive Swann Plumbing & Heating Limited

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mr C A Swann

SECRETARY:

Mrs D J Swann

REGISTERED OFFICE:

Howgill House

Low Lane

Draughton

Skipton

North Yorkshire

BD23 6EE

REGISTERED NUMBER:

04788254 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

19 The Grove

Ilkley

LS29 9LS

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clive Swann Plumbing & Heating Limited for the year ended 30 June 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Clive Swann Plumbing & Heating Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clive Swann Plumbing & Heating Limited and state those matters that we have agreed to state to the director of Clive Swann Plumbing & Heating Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clive Swann Plumbing & Heating Limited and its director for our work or for this report.

It is your duty to ensure that Clive Swann Plumbing & Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clive Swann Plumbing & Heating Limited. You consider that Clive Swann Plumbing & Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clive Swann Plumbing & Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

SKS Bailey Group Limited

19 The Grove

Ilkley

LS29 9LS

14 March 2022

FIXED ASSETS

Tangible assets

3

14,277

18,985

CURRENT ASSETS

Debtors

4

1,287

1,366

Cash at bank

17,948

10,492

19,235

11,858

CREDITORS

Amounts falling due within one year

5

(18,036

)

(17,901

)

NET CURRENT ASSETS/(LIABILITIES)

1,199

(6,043

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,476

12,942

PROVISIONS FOR LIABILITIES

6

(2,713

)

(3,607

)

NET ASSETS

12,763

9,335

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

12,663

9,235

SHAREHOLDERS' FUNDS

12,763

9,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2022 and were signed by:

Mr C A Swann - Director

1.	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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2020

and 30 June 2021

4,320

21,250

2,853

28,423

DEPRECIATION

At 1 July 2020

3,557

3,541

2,340

9,438

Charge for year

153

128

4,427

4,708

At 30 June 2021

3,710

3,669

6,767

14,146

NET BOOK VALUE

At 30 June 2021

610

17,581

(3,914

)

14,277

At 30 June 2020

763

17,709

513

18,985

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

815

590

Prepayments

472

776

1,287

1,366

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Hire purchase contracts

-

11,300

Trade creditors

3,519

1,116

Corporation tax

3,106

941

Social security and other tax

-

2,056

Other creditors

1,182

921

Director's current account

8,983

327

Accrued expenses

1,246

1,240

18,036

17,901

6.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

2,713

3,607

Deferred

tax

£

Balance at 1 July 2020

3,607

Credit to Income Statement during year

(894

)

Balance at 30 June 2021

2,713

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 July 2020

9,235

Profit for the year

9,428

Dividends

(6,000

)

At 30 June 2021

12,663

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £6,000 (2020 £6,000) to the director. The company owed the director £8,983 at 30th June 2021 (£327 at 30th June 2020).