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REGISTERED NUMBER: 04888796 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

P B PLUMBING & HEATING LIMITED

P B PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 04888796)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


P B PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 04888796)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 101,999 92,556

CURRENT ASSETS
Stocks 8,350 8,850
Debtors 5 373,880 554,966
Cash at bank and in hand 686,936 249,725
1,069,166 813,541
CREDITORS
Amounts falling due within one year 6 236,989 132,333
NET CURRENT ASSETS 832,177 681,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,176

773,764

PROVISIONS FOR LIABILITIES 7 6,528 2,957
NET ASSETS 927,648 770,807

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 927,646 770,805
SHAREHOLDERS' FUNDS 927,648 770,807

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

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





Mr P Bryers - Director


P B PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 04888796)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

P B Plumbing & Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04888796

Registered office: 3 Greenvale
Shevington
Wigan
Lancashire
WN6 8JE

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

P B PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 04888796)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 January 2024 37,466 180,040 217,506
Additions 2,347 33,038 35,385
Disposals - (14,734 ) (14,734 )
At 31 December 2024 39,813 198,344 238,157
DEPRECIATION
At 1 January 2024 26,636 98,314 124,950
Charge for year 2,361 22,048 24,409
Eliminated on disposal - (13,201 ) (13,201 )
At 31 December 2024 28,997 107,161 136,158
NET BOOK VALUE
At 31 December 2024 10,816 91,183 101,999
At 31 December 2023 10,830 81,726 92,556

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 276,638 470,144
Other debtors 97,242 84,822
373,880 554,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 98,509 63,579
Taxation and social security 85,435 53,869
Other creditors 53,045 14,885
236,989 132,333

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 6,528 2,957

Deferred
tax
£   
Balance at 1 January 2024 2,957
Provided during year 3,571
Balance at 31 December 2024 6,528

P B PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 04888796)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2