K L George (Pipework Services) Ltd - Accounts to registrar (filleted) - small 23.1.2

K L GEORGE

(PIPEWORK SERVICES) LIMITED

Unaudited Financial Statements

for the Period 1 August 2021 to 30 July 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K L George

SECRETARY:

Ms A M Gray

REGISTERED OFFICE:

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

REGISTERED NUMBER:

05096520 (England and Wales)

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

718

844

718

844

CURRENT ASSETS

Debtors

7

578

4,589

Investments

8

178,054

211,228

Cash at bank and in hand

26,379

31,238

205,011

247,055

CREDITORS

Amounts falling due within one year

9

(17,098

)

(13,880

)

NET CURRENT ASSETS

187,913

233,175

TOTAL ASSETS LESS CURRENT LIABILITIES

188,631

234,019

PROVISIONS FOR LIABILITIES

10

(136

)

(2,072

)

NET ASSETS

188,495

231,947

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

188,494

231,946

SHAREHOLDERS' FUNDS

188,495

231,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 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 27 October 2023 and were signed by:

K L George - Director

1.	STATUTORY INFORMATION

K L George (Pipework 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Taxation

Taxation for the period 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2021

and 30 July 2022

30,000

AMORTISATION

At 1 August 2021

and 30 July 2022

30,000

NET BOOK VALUE

At 30 July 2022

-

At 31 July 2021

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2021

and 30 July 2022

21,587

DEPRECIATION

At 1 August 2021

20,743

Charge for period

126

At 30 July 2022

20,869

NET BOOK VALUE

At 30 July 2022

718

At 31 July 2021

844

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

4,367

Other debtors

578

222

578

4,589

8.	CURRENT ASSET INVESTMENTS

2022

2021

£

£

Listed investments

178,054

211,228

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

-

10

Taxation and social security

8,760

8,004

Other creditors

8,338

5,866

17,098

13,880

10.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

Other timing differences

-

1,912

Accelerated capital allowances

136

160

136

2,072

Deferred

tax

£

Balance at 1 August 2021

2,072

Provided during period

(1,936

)

Balance at 30 July 2022

136

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary

£1

1

1