IRIS Accounts Production v24.2.0.383 02861206 Board of Directors Board of Directors 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028612062022-10-31028612062023-10-31028612062022-11-012023-10-31028612062021-10-31028612062021-11-012022-10-31028612062022-10-3102861206ns16:EnglandWales2022-11-012023-10-3102861206ns15:PoundSterling2022-11-012023-10-3102861206ns11:Director12022-11-012023-10-3102861206ns11:Director22022-11-012023-10-3102861206ns11:PrivateLimitedCompanyLtd2022-11-012023-10-3102861206ns11:SmallEntities2022-11-012023-10-3102861206ns11:AuditExempt-NoAccountantsReport2022-11-012023-10-3102861206ns11:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3102861206ns11:SmallCompaniesRegimeForAccounts2022-11-012023-10-3102861206ns11:FullAccounts2022-11-012023-10-310286120612022-11-012023-10-3102861206ns11:Director32022-11-012023-10-3102861206ns11:CompanySecretary12022-11-012023-10-3102861206ns11:RegisteredOffice2022-11-012023-10-3102861206ns6:CurrentFinancialInstruments2023-10-3102861206ns6:CurrentFinancialInstruments2022-10-3102861206ns6:Non-currentFinancialInstruments2023-10-3102861206ns6:Non-currentFinancialInstruments2022-10-3102861206ns6:ShareCapital2023-10-3102861206ns6:ShareCapital2022-10-3102861206ns6:CapitalRedemptionReserve2023-10-3102861206ns6:CapitalRedemptionReserve2022-10-3102861206ns6:RetainedEarningsAccumulatedLosses2023-10-3102861206ns6:RetainedEarningsAccumulatedLosses2022-10-3102861206ns6:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3102861206ns6:PlantMachinery2022-11-012023-10-3102861206ns6:FurnitureFittings2022-11-012023-10-3102861206ns6:MotorVehicles2022-11-012023-10-3102861206ns6:ComputerEquipment2022-11-012023-10-3102861206ns6:NetGoodwill2022-10-3102861206ns6:NetGoodwill2023-10-3102861206ns6:NetGoodwill2022-10-3102861206ns6:PlantMachinery2022-10-3102861206ns6:PlantMachinery2023-10-3102861206ns6:PlantMachinery2022-10-3102861206ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-10-3102861206ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-11-012023-10-3102861206ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-10-3102861206ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-10-3102861206ns6:WithinOneYearns6:CurrentFinancialInstruments2023-10-3102861206ns6:WithinOneYearns6:CurrentFinancialInstruments2022-10-3102861206ns6:DeferredTaxation2022-10-3102861206ns6:DeferredTaxation2022-11-012023-10-3102861206ns6:DeferredTaxation2023-10-31
REGISTERED NUMBER: 02861206 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Fre-Flo Plumbing & Heating Services Ltd

Fre-Flo Plumbing & Heating Services Ltd (Registered number: 02861206)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fre-Flo Plumbing & Heating Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr I Higgins
Mrs K L Higgins
Mr J R Higgins





SECRETARY: Mr I Higgins





REGISTERED OFFICE: Unit 29 Jessops Riverside
800 Brightside Lane
Sheffield
South Yorkshire
S9 2RX





REGISTERED NUMBER: 02861206 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Fre-Flo Plumbing & Heating Services Ltd (Registered number: 02861206)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 97,019 65,310
97,019 65,310

CURRENT ASSETS
Stocks 3,142 3,327
Debtors 6 334,618 657,273
Cash at bank 952,099 1,050,576
1,289,859 1,711,176
CREDITORS
Amounts falling due within one year 7 372,435 464,098
NET CURRENT ASSETS 917,424 1,247,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,443

1,312,388

CREDITORS
Amounts falling due after more than
one year

8

437,430

-

PROVISIONS FOR LIABILITIES 9 (5,133 ) (2,259 )
NET ASSETS 1,446,740 1,310,129

Fre-Flo Plumbing & Heating Services Ltd (Registered number: 02861206)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 85 85
Capital redemption reserve 15 15
Retained earnings 1,446,640 1,310,029
SHAREHOLDERS' FUNDS 1,446,740 1,310,129

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:




Mr I Higgins - Director



Mrs K L Higgins - Director


Fre-Flo Plumbing & Heating Services Ltd (Registered number: 02861206)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Fre-Flo Plumbing & Heating Services 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Sales retentions are accounted for on receipt.


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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 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.


Fre-Flo Plumbing & Heating Services Ltd (Registered number: 02861206)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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 16 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 6,000
AMORTISATION
At 1 November 2022
and 31 October 2023 6,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Fre-Flo Plumbing & Heating Services Ltd (Registered number: 02861206)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 400,981
Additions 105,195
Disposals (41,882 )
At 31 October 2023 464,294
DEPRECIATION
At 1 November 2022 335,671
Charge for year 52,883
Eliminated on disposal (21,279 )
At 31 October 2023 367,275
NET BOOK VALUE
At 31 October 2023 97,019
At 31 October 2022 65,310

Fre-Flo Plumbing & Heating Services Ltd (Registered number: 02861206)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 November 2022 40,382
Additions 64,813
Disposals (40,382 )
At 31 October 2023 64,813
DEPRECIATION
At 1 November 2022 21,279
Charge for year 16,203
Eliminated on disposal (21,279 )
At 31 October 2023 16,203
NET BOOK VALUE
At 31 October 2023 48,610
At 31 October 2022 19,103

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 306,634 542,653
Other debtors 27,984 114,620
334,618 657,273

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 17,488 -
Trade creditors 175,764 270,092
Taxation and social security 50,418 110,375
Other creditors 128,765 83,631
372,435 464,098

Fre-Flo Plumbing & Heating Services Ltd (Registered number: 02861206)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 46,197 -
Other creditors (483,627 ) -
(437,430 ) -

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,133 2,259

Deferred
tax
£   
Balance at 1 November 2022 2,259
Provided during year 2,874
Balance at 31 October 2023 5,133