R Lowndes Plumbing & Heating Ltd 30/09/2022 iXBRL
R Lowndes Plumbing & Heating Ltd 30/09/2022 iXBRL
Company registration number:
10361697
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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(Resigned 17 February 2023) | |
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(Appointed 17 February 2023) | ||
Company number |
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Registered office |
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Accountants |
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Brookdale | |||
41 Clarence Road | |||
Chesterfield | |||
Derbyshire | |||
S40 1LH | |||
Bankers |
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Statement of financial position
30 September 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand | - |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholder funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
02 June 2023
, and are signed on behalf of the board by:
Director
Company registration number:
10361697
Notes to the financial statements
Year ended 30 September 2022
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 41 Clarence Road, Chesterfield, S40 1LH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2020. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Impairment
Stocks
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2021:
8
).
5.
Tangible assets
Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 1 October 2021 |
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Additions |
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Disposals |
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At 30 September 2022 |
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Depreciation | |||
At 1 October 2021 |
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Charge for the year |
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Disposals |
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At 30 September 2022 |
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Carrying amount | |||
At 30 September 2022 |
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At 30 September 2021 |
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6.
Debtors
2022 | 2021 | |||
£ | £ | |||
Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Other creditors |
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_______ | _______ | |||
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9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2022 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2021 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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10.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2020.
Reconciliation of equity
No transitional adjustments were required.
Reconciliation of profit or loss for the year
No transitional adjustments were required.