Company No:
Contents
DIRECTORS | I Asif |
M S Riaz |
REGISTERED OFFICE | 35 Ballards Lane |
London | |
N3 1XW | |
United Kingdom |
COMPANY NUMBER | 13173215 (England and Wales) |
CHARTERED ACCOUNTANTS | Berg Kaprow Lewis LLP |
35 Ballards Lane | |
London | |
N3 1XW |
Note | 2022 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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4,602 | ||
Current assets | ||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand | 6 |
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169,144 | ||
Creditors | ||
Amounts falling due within one year | 7 | (
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Net current liabilities | (2,512) | |
Total assets less current liabilities | 2,090 | |
Net assets |
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Capital and reserves | ||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Plumb Switch Limited (registered number:
I Asif
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Plumb Switch Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Fixtures and fittings |
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Computer equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Included within creditors is a balance of £26,330 owed to directors. This balance is unsecured and interest free.
Also included within other creditors is a balance of £90,000 owed to Riaz & Sons Holding Ltd in which M S Riaz is director.
2022 | |
Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Fixtures and fittings | Computer equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 March 2021 |
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Additions |
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At 28 February 2022 |
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Accumulated depreciation | |||||
At 01 March 2021 |
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Charge for the financial period |
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At 28 February 2022 |
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Net book value | |||||
At 28 February 2022 |
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2022 | |
£ | |
Stocks |
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2022 | |
£ | |
Trade debtors |
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VAT recoverable |
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2022 | |
£ | |
Cash at bank and in hand |
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2022 | |
£ | |
Trade creditors |
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Amounts owed to directors |
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Accruals |
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Corporation tax |
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Other creditors |
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2022 | |
£ | |
Allotted, called-up and fully-paid | |
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