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Company No: 08415222 (England and Wales)

SAFFRON PLUMBING AND HEATING LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

SAFFRON PLUMBING AND HEATING LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

SAFFRON PLUMBING AND HEATING LIMITED

BALANCE SHEET

As at 28 February 2025
SAFFRON PLUMBING AND HEATING LIMITED

BALANCE SHEET (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 31,838 38,677
31,838 38,677
Current assets
Stocks 22,500 6,500
Debtors 4 25,890 24,656
Cash at bank and in hand 39,662 43,359
88,052 74,515
Creditors: amounts falling due within one year 5 ( 47,803) ( 27,596)
Net current assets 40,249 46,919
Total assets less current liabilities 72,087 85,596
Creditors: amounts falling due after more than one year 6 ( 27,225) ( 30,371)
Provision for liabilities ( 7,941) ( 7,349)
Net assets 36,921 47,876
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 36,821 47,776
Total shareholders' funds 36,921 47,876

For the financial 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.

Directors' responsibilities:

The financial statements of Saffron Plumbing and Heating Limited (registered number: 08415222) were approved and authorised for issue by the Board of Directors on 23 April 2025. They were signed on its behalf by:

Mr E J Johnston
Director
SAFFRON PLUMBING AND HEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
SAFFRON PLUMBING AND HEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Saffron Plumbing and Heating Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 39 Kenwith Drive, Kingsbridge, TQ7 1DU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 20 % reducing balance
Office equipment 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £ £
Cost
At 01 March 2024 5,566 54,061 3,299 1,406 0 64,332
Additions 413 0 0 0 416 829
At 28 February 2025 5,979 54,061 3,299 1,406 416 65,161
Accumulated depreciation
At 01 March 2024 3,511 18,402 2,797 945 0 25,655
Charge for the financial year 260 7,132 100 93 83 7,668
At 28 February 2025 3,771 25,534 2,897 1,038 83 33,323
Net book value
At 28 February 2025 2,208 28,527 402 368 333 31,838
At 29 February 2024 2,055 35,659 502 461 0 38,677

4. Debtors

2025 2024
£ £
Trade debtors 24,464 17,686
Prepayments 1,426 1,400
VAT recoverable 0 5,570
25,890 24,656

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 22,619 12,486
Accruals 3,570 3,033
Taxation and social security 15,100 4,656
Obligations under finance leases and hire purchase contracts 3,123 3,123
Other creditors 3,391 4,298
47,803 27,596

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Amounts owed to directors 20,980 21,004
Obligations under finance leases and hire purchase contracts 6,245 9,367
27,225 30,371

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100