IRIS Accounts Production v24.3.0.553 11787691 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117876912023-01-31117876912024-01-31117876912023-02-012024-01-31117876912022-01-31117876912022-02-012023-01-31117876912023-01-3111787691ns15:EnglandWales2023-02-012024-01-3111787691ns14:PoundSterling2023-02-012024-01-3111787691ns10:Director12023-02-012024-01-3111787691ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111787691ns10:SmallEntities2023-02-012024-01-3111787691ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111787691ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111787691ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111787691ns10:FullAccounts2023-02-012024-01-311178769112023-02-012024-01-3111787691ns10:Director22023-02-012024-01-3111787691ns10:RegisteredOffice2023-02-012024-01-3111787691ns5:CurrentFinancialInstruments2024-01-3111787691ns5:CurrentFinancialInstruments2023-01-3111787691ns5:Non-currentFinancialInstruments2024-01-3111787691ns5:Non-currentFinancialInstruments2023-01-3111787691ns5:ShareCapital2024-01-3111787691ns5:ShareCapital2023-01-3111787691ns5:RetainedEarningsAccumulatedLosses2024-01-3111787691ns5:RetainedEarningsAccumulatedLosses2023-01-3111787691ns5:NetGoodwill2023-02-012024-01-3111787691ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111787691ns5:PlantMachinery2023-02-012024-01-3111787691ns5:FurnitureFittings2023-02-012024-01-3111787691ns5:MotorVehicles2023-02-012024-01-3111787691ns5:ComputerEquipment2023-02-012024-01-3111787691ns5:NetGoodwill2023-01-3111787691ns5:NetGoodwill2024-01-3111787691ns5:NetGoodwill2023-01-3111787691ns5:PlantMachinery2023-01-3111787691ns5:FurnitureFittings2023-01-3111787691ns5:MotorVehicles2023-01-3111787691ns5:ComputerEquipment2023-01-3111787691ns5:PlantMachinery2024-01-3111787691ns5:FurnitureFittings2024-01-3111787691ns5:MotorVehicles2024-01-3111787691ns5:ComputerEquipment2024-01-3111787691ns5:PlantMachinery2023-01-3111787691ns5:FurnitureFittings2023-01-3111787691ns5:MotorVehicles2023-01-3111787691ns5:ComputerEquipment2023-01-3111787691ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3111787691ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3111787691ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3111787691ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3111787691ns5:CostValuation2023-01-3111787691ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111787691ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111787691ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3111787691ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3111787691ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3111787691ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3111787691ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3111787691ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-31
REGISTERED NUMBER: 11787691 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Fossil Heating and Plumbing Services
Limited

Fossil Heating and Plumbing Services
Limited (Registered number: 11787691)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fossil Heating and Plumbing Services
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: C P Woodhouse
Mrs A L Woodhouse





REGISTERED OFFICE: Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW





REGISTERED NUMBER: 11787691 (England and Wales)





ACCOUNTANTS: Edward Milnes & Co
Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW

Fossil Heating and Plumbing Services
Limited (Registered number: 11787691)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,868 7,042
Tangible assets 5 96,047 85,104
Investments 6 51 51
101,966 92,197

CURRENT ASSETS
Stocks 42,725 26,058
Debtors 7 49,177 25,446
Cash at bank 32,079 2,030
123,981 53,534
CREDITORS
Amounts falling due within one year 8 117,265 63,445
NET CURRENT ASSETS/(LIABILITIES) 6,716 (9,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,682

82,286

CREDITORS
Amounts falling due after more than one
year

9

(80,427

)

(67,126

)

PROVISIONS FOR LIABILITIES (10,547 ) (6,777 )
NET ASSETS 17,708 8,383

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,608 8,283
17,708 8,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Fossil Heating and Plumbing Services
Limited (Registered number: 11787691)

Balance Sheet - continued
31 January 2024


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 13 October 2024 and were signed on its behalf by:





C P Woodhouse - Director


Fossil Heating and Plumbing Services
Limited (Registered number: 11787691)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Fossil Heating and Plumbing 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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Fossil Heating and Plumbing Services
Limited (Registered number: 11787691)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 11,738
AMORTISATION
At 1 February 2023 4,696
Charge for year 1,174
At 31 January 2024 5,870
NET BOOK VALUE
At 31 January 2024 5,868
At 31 January 2023 7,042

Fossil Heating and Plumbing Services
Limited (Registered number: 11787691)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 26,729 1,128 91,280 6,173 125,310
Additions - - 36,955 2,338 39,293
Disposals (4,702 ) - - - (4,702 )
At 31 January 2024 22,027 1,128 128,235 8,511 159,901
DEPRECIATION
At 1 February 2023 13,707 582 22,820 3,097 40,206
Charge for year 2,769 136 22,228 1,270 26,403
Eliminated on disposal (2,755 ) - - - (2,755 )
At 31 January 2024 13,721 718 45,048 4,367 63,854
NET BOOK VALUE
At 31 January 2024 8,306 410 83,187 4,144 96,047
At 31 January 2023 13,022 546 68,460 3,076 85,104

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 60,290
Additions 31,455
At 31 January 2024 91,745
DEPRECIATION
At 1 February 2023 15,073
Charge for year 15,183
At 31 January 2024 30,256
NET BOOK VALUE
At 31 January 2024 61,489
At 31 January 2023 45,217

Fossil Heating and Plumbing Services
Limited (Registered number: 11787691)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 51
NET BOOK VALUE
At 31 January 2024 51
At 31 January 2023 51

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 37,698 17,635
Amounts owed by group undertakings 9,639 7,420
Other debtors - 391
Prepayments 1,840 -
49,177 25,446

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,081 3,308
Hire purchase contracts 8,679 4,348
Trade creditors 29,044 -
Capital On Tap 21,435 20,893
Tax 2,810 2,681
Social security and other taxes 1,300 -
VAT 13,810 3,201
Other creditors 875 32
Directors' current accounts 34,706 25,247
Accrued expenses 1,525 3,735
117,265 63,445

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 3,081 3,385
Bank loans - 2-5 years 9,242 10,620
Bank loans more 5 yr by instal 4,108 5,070
Hire purchase contracts 63,996 48,051
80,427 67,126

Fossil Heating and Plumbing Services
Limited (Registered number: 11787691)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,108 5,070

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,625 (2023 - £6,650) were paid to the directors .

During the year, the company purchased services from Fossil Electrical and Renewables Ltd, a company under the control of C P Woodhouse, totalling £15,706 (2023 - £9,623)..

Additionally, the company commenced renting premises to Fossil Electrical and Renewables Ltd during the year. Rents received totalled £1,250 (2023 - nil).

The company operates an interest free loan with Fossil Electrical and Renewables Ltd. At the year end, the company was owed £9,639 (2023 - £7,420). This is included within debtors on the balance sheet.

11. CONTROLLING PARTY

The controlling party is C P Woodhouse.