City Plumbing Services Limited Filleted accounts for Companies House (small and micro)

CITY PLUMBING SERVICES LIMITED - Company Information

0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 7,500 7,499 1 1 xbrli:pure xbrli:shares iso4217:GBP 6356486 2022-09-01 2023-08-31 6356486 2023-08-31 6356486 2022-08-31 6356486 2021-09-01 2022-08-31 6356486 2022-08-31 6356486 2021-08-31 6356486 core:NetGoodwill 2022-09-01 2023-08-31 6356486 bus:Director1 2022-09-01 2023-08-31 6356486 core:NetGoodwill 2023-08-31 6356486 core:PlantMachinery 2022-08-31 6356486 core:MotorVehicles 2022-08-31 6356486 core:PlantMachinery 2023-08-31 6356486 core:MotorVehicles 2023-08-31 6356486 core:PlantMachinery 2022-09-01 2023-08-31 6356486 core:MotorVehicles 2022-09-01 2023-08-31 6356486 core:WithinOneYear 2023-08-31 6356486 core:WithinOneYear 2022-08-31 6356486 core:AfterOneYear 2023-08-31 6356486 core:AfterOneYear 2022-08-31 6356486 core:ShareCapital 2023-08-31 6356486 core:ShareCapital 2022-08-31 6356486 core:RetainedEarningsAccumulatedLosses 2023-08-31 6356486 core:RetainedEarningsAccumulatedLosses 2022-08-31 6356486 core:NetGoodwill 2022-08-31 6356486 core:PlantMachinery 2022-08-31 6356486 core:MotorVehicles 2022-08-31 6356486 bus:SmallEntities 2022-09-01 2023-08-31 6356486 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 6356486 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 6356486 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 6356486 bus:FullAccounts 2022-09-01 2023-08-31 6356486 core:OfficeEquipment 2022-08-31 6356486 core:OfficeEquipment 2023-08-31 6356486 core:OfficeEquipment 2022-09-01 2023-08-31

COMPANY REGISTRATION NUMBER: 6356486

CITY PLUMBING SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2023

CITY PLUMBING SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2023

	2023		2022
Note	£	£	£

Fixed assets

Intangible assets	5	1	1
Tangible assets	6	36,961	56,636
		---------	---------
		36,962	56,637

Current assets

Stocks		2,500	2,523
Debtors	7	62,692	39,557
Cash at bank and in hand		8,264	41,317
		---------	---------
		73,456	83,397

Creditors: amounts falling due within one year	8	( 68,105)		( 56,515)
		---------		---------
Net current assets			5,351	26,882
			---------	---------
Total assets less current liabilities			42,313	83,519

Creditors: amounts falling due after more than one year	9	( 42,196)	( 53,619)
		---------	---------
Net assets		117	29,900
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	17	29,800
	----	---------
Shareholders funds	117	29,900
	----	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CITY PLUMBING SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2023

These financial statements were approved by the board of directors and authorised for issue on 29 May 2024 , and are signed on behalf of the board by:

Mr A Germain

Director

Company registration number: 6356486

CITY PLUMBING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurswood Lane, Haywards Heath, West Sussex, RH17 7QX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	25% Straight Line
Motor vehicles	-	25% Straight Line
Equipment	-	25% Straight Line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2022: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 September 2022 and 31 August 2023	7,500
	-------
Amortisation
At 1 September 2022 and 31 August 2023	7,499
	-------
Carrying amount
At 31 August 2023	1
	-------
At 31 August 2022	1
	-------

6. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 September 2022	8,994	74,145	8,005	91,144
Additions	–	2,622	–	2,622
	-------	---------	-------	---------
At 31 August 2023	8,994	76,767	8,005	93,766
	-------	---------	-------	---------
Depreciation
At 1 September 2022	6,234	20,931	7,343	34,508
Charge for the year	2,441	19,194	662	22,297
	-------	---------	-------	---------
At 31 August 2023	8,675	40,125	8,005	56,805
	-------	---------	-------	---------
Carrying amount
At 31 August 2023	319	36,642	–	36,961
	-------	---------	-------	---------
At 31 August 2022	2,760	53,214	662	56,636
	-------	---------	-------	---------

7. Debtors

	2023	2022
	£	£
Trade debtors	45,871	36,990
Other debtors	16,821	2,567
	---------	---------
	62,692	39,557
	---------	---------

8. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	9,816	9,816
Trade creditors	7,925	2,647
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8,000	–
Corporation tax	1,058	–
Social security and other taxes	25,115	24,534
Other creditors	11,800	11,800
Other creditors	4,391	7,718
	---------	---------
	68,105	56,515
	---------	---------

9. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	17,951	27,751
Other creditors	24,245	25,868
	---------	---------
	42,196	53,619
	---------	---------

10. Directors' advances, credits and guarantees

No transactions with directors were undertaken such as are required to be disclosed under FRS102 section 1A