Mick Henry Plumbing & Heating Engineers - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04763403 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MICK HENRY PLUMBING & HEATING ENGINEERS

LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. M. P. Henry

Mrs M. T. Henry

Mr J. J. Henry

REGISTERED OFFICE:

Unit 40

Cleethorpes Business Centre

Wilton Road Industrial Estate

GRIMSBY

DN36 4AS

REGISTERED NUMBER:

04763403 (England and Wales)

ACCOUNTANTS:

Smethurst & Co LLP

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

NatWest Bank plc

66 Victoria Street

GRIMSBY

DN31 1GA

FIXED ASSETS

Intangible assets

4

1,330

-

Tangible assets

5

78,990

55,495

80,320

55,495

CURRENT ASSETS

Stocks

16,000

9,500

Debtors

65,411

32,874

Cash at bank

98,252

91,387

179,663

133,761

CREDITORS

Amounts falling due within one year

129,155

84,464

NET CURRENT ASSETS

50,508

49,297

TOTAL ASSETS LESS CURRENT LIABILITIES

130,828

104,792

CREDITORS

Amounts falling due after more than one year

(69,599

)

(59,489

)

PROVISIONS FOR LIABILITIES

(15,009

)

(10,545

)

NET ASSETS

46,220

34,758

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

100

100

Profit and loss account

46,120

34,658

SHAREHOLDERS' FUNDS

46,220

34,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:

Mr J. J. Henry - Director

1.	STATUTORY INFORMATION

Mick Henry Plumbing & Heating Engineers Ltd 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% Straight Line and 20% Reducing Balance

Motor vehicles

-

25% Reducing Balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2022 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,330

At 31 March 2023

1,330

NET BOOK VALUE

At 31 March 2023

1,330

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

93,240

Additions

49,633

Disposals

(13,794

)

At 31 March 2023

129,079

DEPRECIATION

At 1 April 2022

37,745

Charge for year

16,036

Eliminated on disposal

(3,692

)

At 31 March 2023

50,089

NET BOOK VALUE

At 31 March 2023

78,990

At 31 March 2022

55,495

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2022

52,593

Additions

27,750

Disposals

(12,995

)

At 31 March 2023

67,348

DEPRECIATION

At 1 April 2022

15,286

Charge for year

7,029

Eliminated on disposal

(2,893

)

At 31 March 2023

19,422

NET BOOK VALUE

At 31 March 2023

47,926

At 31 March 2022

37,307