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G & L PLUMBING & HEATING LTD

Registered Number
08805420
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

G & L PLUMBING & HEATING LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

GAUNT, Rachel
GAUNT, Rickie

Registered Address

3 Captains Beck
Captains Beck Pinchbeck
Spalding
PE11 3US

Place of Business

Unit 3C Edison Court

Pinchbeck

Spalding

Lincs

PE11 3FX


Registered Number

08805420 (England and Wales)
G & L PLUMBING & HEATING LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3152,77852,052
152,77852,052
Current assets
Stocks45,0005,000
Debtors168,406122,382
Cash at bank and on hand-30,061
173,406157,443
Creditors amounts falling due within one year5(249,687)(180,425)
Net current assets (liabilities)(76,281)(22,982)
Total assets less current liabilities76,49729,070
Creditors amounts falling due after one year6(28,453)(10,453)
Net assets48,04418,617
Capital and reserves
Called up share capital100100
Profit and loss account47,94418,517
Shareholders' funds48,04418,617
The financial statements were approved and authorised for issue by the Board of Directors on 4 April 2025, and are signed on its behalf by:
GAUNT, Rickie
Director
Registered Company No. 08805420
G & L PLUMBING & HEATING LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles20
Office Equipment20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year86
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 233,79085,5074,78594,082
Additions-111,1841,969113,153
At 30 November 243,790196,6916,754207,235
Depreciation and impairment
At 01 December 233,47136,6621,89742,030
Charge for year21511,62259012,427
At 30 November 243,68648,2842,48754,457
Net book value
At 30 November 24104148,4074,267152,778
At 30 November 2331948,8452,88852,052
4.Stocks

2024

2023

££
Raw materials and consumables5,0005,000
Total5,0005,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables113,718144,098
Bank borrowings and overdrafts21,29013,986
Taxation and social security3,39621,658
Finance lease and HP contracts108,608-
Other creditors2,350359
Accrued liabilities and deferred income325324
Total249,687180,425
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Other creditors28,45310,453
Total28,45310,453