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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
Page
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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
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Concept Plumbing Contracts Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
91,916 
56,877 
Current assets
Inventories
98,019 
120,456 
Debtors
25,361 
45,825 
Cash at bank and in hand
152,805 
58,698 
276,185 
224,979 
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)
Net assets
855 
27,928 
Capital and reserves
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
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Concept Plumbing Contracts Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
Pension costs
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.
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Concept Plumbing Contracts Ltd Notes to the Accounts for the year ended 28 February 2025
Leased assets
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 
Depreciation
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 
Net book value
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 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
20,942 
22,547 
Trade debtors
4,419 
23,278 
25,361 
45,825 
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)
- 
Accruals
630 
810 
296,562 
221,774 
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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 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
David Michael
1,000 
- 
- 
1,000 
Lee Pettigrew
1,000 
- 
- 
1,000 
2,000 
- 
- 
2,000 
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).
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