2024-01-01 SC650385 2024-12-31 SC650385 2024-01-01 2024-12-31 SC650385 2023-12-31 SC650385 2023-01-01 2023-12-31 SC650385 uk-core:WithinOneYear 2023-12-31 SC650385 uk-core:WithinOneYear 2024-12-31 SC650385 uk-core:ShareCapital 2024-12-31 SC650385 uk-core:ShareCapital 2023-12-31 SC650385 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC650385 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC650385 uk-bus:Director1 2024-01-01 2024-12-31 SC650385 uk-core:ComputerEquipment 2023-12-31 SC650385 uk-core:CommercialMotorVehicles 2023-12-31 SC650385 uk-core:ToolsEquipment 2023-12-31 SC650385 uk-core:ToolsEquipment 2024-12-31 SC650385 uk-core:CommercialMotorVehicles 2024-12-31 SC650385 uk-core:ComputerEquipment 2024-12-31 SC650385 uk-core:ComputerEquipment 2024-01-01 2024-12-31 SC650385 uk-core:CommercialMotorVehicles 2024-01-01 2024-12-31 SC650385 uk-core:ToolsEquipment 2024-01-01 2024-12-31 SC650385 uk-core:WithinOneYear 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure SC650385 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC650385 uk-bus:FRS102 2024-01-01 2024-12-31 SC650385 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 SC650385 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Philbin Plumbing & Heating Ltd
Registered Number:SC650385
For the year ended 31 December 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 December 2024
Philbin Plumbing & Heating Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC650385
As at 31 December 2024
Philbin Plumbing & Heating Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,004
4,006
2
3,004
4,006
Current assets
Inventories
2,000
2,000
3
Trade and other receivables
-
3,470
4
6,477
Cash and cash equivalents
5,333
10,803
8,477
Trade and other payables: amounts falling due within one
year
(9,146)
(5,556)
5
(669)
5,247
Net current assets
Total assets less current liabilities
8,251
3,337
8,251
Net assets
3,337
Capital and reserves
Called up share capital
1
1
Retained earnings
8,250
3,336
8,251
3,337
Shareholders' funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Terry Philbin Director
These financial statements were approved and authorised for issue by the Board on 11 February 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2024
Philbin Plumbing & Heating Ltd
Notes to the Financial Statements
Statutory Information
Philbin Plumbing & Heating Ltd is a private limited company, limited by shares, domiciled in Scotland, registration
number SC650385.
Registered address:
19 Howe Mire
Wallyford
Musselburgh
Scotland
EH21 8FG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 January 2024
12,453
717
8,995
2,741
At 31 December 2024
2,741
8,995
717
12,453
Provision for depreciation and impairment
At 01 January 2024
8,447
415
6,150
1,882
Charge for year
1,002
76
711
215
At 31 December 2024
9,449
491
6,861
2,097
At 31 December 2024
Net book value
644
2,134
226
3,004
At 31 December 2023
859
2,845
302
4,006
3. Inventories
2023
2024
£
£
Stocks
2,000
2,000
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5
For the year ended 31 December 2024
Philbin Plumbing & Heating Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Other debtors
3,470
-
Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment.
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
4,703
8,273
Other creditors
853
873
5,556
9,146
Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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