7 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 7,426 79 7,347 xbrli:pure xbrli:shares iso4217:GBP 07517337 2024-03-01 2025-02-28 07517337 2025-02-28 07517337 2024-02-29 07517337 2023-03-01 2024-02-29 07517337 2024-02-29 07517337 2023-02-28 07517337 core:FurnitureFittings 2024-03-01 2025-02-28 07517337 core:MotorVehicles 2024-03-01 2025-02-28 07517337 bus:OrdinaryShareClass2 2024-03-01 2025-02-28 07517337 bus:OrdinaryShareClass3 2024-03-01 2025-02-28 07517337 bus:OrdinaryShareClass4 2024-03-01 2025-02-28 07517337 bus:OrdinaryShareClass5 2024-03-01 2025-02-28 07517337 bus:Director1 2024-03-01 2025-02-28 07517337 core:DeferredTaxation 2024-03-01 2025-02-28 07517337 core:WithinOneYear 2025-02-28 07517337 core:WithinOneYear 2024-02-29 07517337 core:AfterOneYear 2025-02-28 07517337 core:AfterOneYear 2024-02-29 07517337 core:ShareCapital 2025-02-28 07517337 core:ShareCapital 2024-02-29 07517337 core:RetainedEarningsAccumulatedLosses 2025-02-28 07517337 core:RetainedEarningsAccumulatedLosses 2024-02-29 07517337 core:BetweenOneFiveYears 2025-02-28 07517337 core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 07517337 core:AcceleratedTaxDepreciationDeferredTax 2024-02-29 07517337 core:DeferredTaxation 2024-02-29 07517337 core:DeferredTaxation 2025-02-28 07517337 bus:SmallEntities 2024-03-01 2025-02-28 07517337 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 07517337 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07517337 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07517337 bus:AbridgedAccounts 2024-03-01 2025-02-28 07517337 bus:OrdinaryShareClass2 2025-02-28 07517337 bus:OrdinaryShareClass2 2024-02-29 07517337 bus:OrdinaryShareClass3 2025-02-28 07517337 bus:OrdinaryShareClass3 2024-02-29 07517337 bus:OrdinaryShareClass4 2025-02-28 07517337 bus:OrdinaryShareClass4 2024-02-29 07517337 bus:OrdinaryShareClass5 2025-02-28 07517337 bus:OrdinaryShareClass5 2024-02-29 07517337 bus:AllOrdinaryShares 2025-02-28 07517337 bus:AllOrdinaryShares 2024-02-29 07517337 core:ComputerEquipment 2024-03-01 2025-02-28
COMPANY REGISTRATION NUMBER: 07517337
CALDER VALLEY PLUMBING & HEATING LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
28 February 2025
CALDER VALLEY PLUMBING & HEATING LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
28 February 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
30,207
39,084
CURRENT ASSETS
Stocks
1,000
1,000
Debtors
147,269
135,807
Cash at bank and in hand
70,935
17,884
----------
----------
219,204
154,691
CREDITORS: amounts falling due within one year
125,322
99,591
----------
----------
NET CURRENT ASSETS
93,882
55,100
----------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
124,089
94,184
CREDITORS: amounts falling due after more than one year
4,251
14,167
PROVISIONS
6
7,347
7,426
----------
---------
NET ASSETS
112,491
72,591
----------
---------
CALDER VALLEY PLUMBING & HEATING LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
28 February 2025
2025
2024
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
8
100
100
Profit and loss account
112,391
72,491
----------
---------
SHAREHOLDERS FUNDS
112,491
72,591
----------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 17 April 2025 , and are signed on behalf of the board by:
G D Wood
Director
Company registration number: 07517337
CALDER VALLEY PLUMBING & HEATING LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 212, Fearnely Mill, Dean Clough, Halifax, West Yorkshire, HX3 5AX.
2. STATEMENT OF COMPLIANCE
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current tax and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).
5. TANGIBLE ASSETS
£
Cost
At 1 March 2024
53,535
Additions
774
---------
At 28 February 2025
54,309
---------
Depreciation
At 1 March 2024
14,451
Charge for the year
9,651
---------
At 28 February 2025
24,102
---------
Carrying amount
At 28 February 2025
30,207
---------
At 29 February 2024
39,084
---------
6. PROVISIONS
Deferred tax (note 7)
£
At 1 March 2024
7,426
Additions
( 79)
-------
At 28 February 2025
7,347
-------
7. DEFERRED TAX
The deferred tax included in the abridged statement of financial position is as follows:
2025
2024
£
£
Included in provisions (note 6)
7,347
7,426
-------
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
7,347
7,426
-------
-------
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2025
2024
No.
£
No.
£
"A" Ordinary shares of £ 1 each
25
25
25
25
"B" Ordinary shares of £ 1 each
25
25
25
25
"C" Ordinary shares of £ 1 each
25
25
25
25
"D" Ordinary shares of £ 1 each
25
25
25
25
----
----
----
----
100
100
100
100
----
----
----
----
9. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
14,396
3,560
Later than 1 year and not later than 5 years
26,393
---------
-------
40,789
3,560
---------
-------
10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
The directors loan accounts were in credit throughout the year. The loans are repayable on demand and no interest is charged.