Company Registration No. 11713716 (England and Wales)
Concept Plumbing Contracts Ltd
Unaudited accounts
for the year ended 28 February 2025
Concept Plumbing Contracts Ltd
Unaudited accounts
Contents
Concept Plumbing Contracts Ltd
Company Information
for the year ended 28 February 2025
Directors
David Michael
Lee Pettigrew
Company Number
11713716 (England and Wales)
Registered Office
11 Darwin House
Priors Haw Road
Corby
Northamptonshire
NN17 5JG
United Kingdom
Accountants
RFBS Accounting Ltd
22 Beechcroft Close
South Hykeham
Lincoln
Lincolnshire
LN6 9NB
Concept Plumbing Contracts Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
91,916
56,877
Inventories
98,019
120,456
Cash at bank and in hand
152,805
58,698
Creditors: amounts falling due within one year
(296,562)
(221,774)
Net current (liabilities)/assets
(20,377)
3,205
Total assets less current liabilities
71,539
60,082
Creditors: amounts falling due after more than one year
(70,684)
(32,154)
Called up share capital
2
2
Profit and loss account
853
27,926
Shareholders' funds
855
27,928
For the year ending 28 February 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by
David Michael
Director
Company Registration No. 11713716
Concept Plumbing Contracts Ltd
Notes to the Accounts
for the year ended 28 February 2025
Concept Plumbing Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 11713716. The registered office is 11 Darwin House, Priors Haw Road, Corby, Northamptonshire, NN17 5JG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Concept Plumbing Contracts Ltd
Notes to the Accounts
for the year ended 28 February 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
7,102
66,583
-
3,767
77,452
Additions
-
63,415
504
2,487
66,406
Disposals
-
1,335
-
-
1,335
At 28 February 2025
7,102
131,333
504
6,254
145,193
At 1 March 2024
2,283
16,199
-
2,093
20,575
Charge for the year
701
28,450
126
2,495
31,772
On disposals
-
930
-
-
930
At 28 February 2025
2,984
45,579
126
4,588
53,277
At 28 February 2025
4,118
85,754
378
1,666
91,916
At 29 February 2024
4,819
50,384
-
1,674
56,877
Amounts falling due within one year
Trade debtors
4,419
23,278
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
15,267
10,551
Trade creditors
232,184
166,425
Taxes and social security
39,303
(18,931)
Other creditors
11,178
62,919
Loans from directors
(2,000)
-
Concept Plumbing Contracts Ltd
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
70,684
32,154
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loans given at year end of £1,000 to each director due to insufficient equity reserves available for distribution. To be repaid against dividends when the company has sufficient available reserves.
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).