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REGISTERED NUMBER: 04757476






















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Lincoln Plumbing and Heating Limited

Lincoln Plumbing and Heating Limited (Registered number: 04757476)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Lincoln Plumbing and Heating Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S A Forshaw
M Kelsey





REGISTERED OFFICE: Unit 11
Riverside Enterprise Park
Skellingthorpe Road
Saxilby
Lincolnshire
LN1 2FU





REGISTERED NUMBER: 04757476





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lincoln Plumbing and Heating Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lincoln Plumbing and Heating Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lincoln Plumbing and Heating Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lincoln Plumbing and Heating Limited and state those matters that we have agreed to state to the Board of Directors of Lincoln Plumbing and Heating Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lincoln Plumbing and Heating Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lincoln Plumbing and Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lincoln Plumbing and Heating Limited. You consider that Lincoln Plumbing and Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lincoln Plumbing and Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

Lincoln Plumbing and Heating Limited (Registered number: 04757476)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,855 85,649

CURRENT ASSETS
Stocks 94,700 200,650
Debtors 5 239,238 217,684
Cash at bank and in hand 113,825 41,120
447,763 459,454
CREDITORS
Amounts falling due within one year 6 256,018 342,065
NET CURRENT ASSETS 191,745 117,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,600

203,038

CREDITORS
Amounts falling due after more than one
year

7

(50,578

)

(69,952

)

PROVISIONS FOR LIABILITIES (17,214 ) (16,273 )
NET ASSETS 192,808 116,813

CAPITAL AND RESERVES
Called up share capital 9 65 65
Capital redemption reserve 40 40
Retained earnings 192,703 116,708
SHAREHOLDERS' FUNDS 192,808 116,813

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

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

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 3 March 2025 and were signed on its behalf by:





S A Forshaw - Director


Lincoln Plumbing and Heating Limited (Registered number: 04757476)

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

1. STATUTORY INFORMATION

Lincoln Plumbing and Heating Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

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 (2023 - 11 ) .

Lincoln Plumbing and Heating Limited (Registered number: 04757476)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 21,519 164,855 7,092 193,466
Additions 3,101 - 1,331 4,432
At 31 August 2024 24,620 164,855 8,423 197,898
DEPRECIATION
At 1 September 2023 10,536 90,202 7,079 107,817
Charge for year 2,112 18,662 452 21,226
At 31 August 2024 12,648 108,864 7,531 129,043
NET BOOK VALUE
At 31 August 2024 11,972 55,991 892 68,855
At 31 August 2023 10,983 74,653 13 85,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 237,165 215,694
Other debtors 2,073 1,990
239,238 217,684

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,835 4,933
Hire purchase contracts 13,685 17,470
Trade creditors 57,006 131,633
Taxation and social security 86,402 68,750
Other creditors 94,090 119,279
256,018 342,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 37,068 42,757
Hire purchase contracts 13,510 27,195
50,578 69,952

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 17,728 23,023

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 41,903 47,690

Lincoln Plumbing and Heating Limited (Registered number: 04757476)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary B £1 10 10
5 Ordinary C £1 5 5
15 15

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50

All three types of shares rank pari passu.