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REGISTERED NUMBER: 08734391 (England and Wales)











T PEARCE PLUMBING & HEATING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






T PEARCE PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08734391)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


T PEARCE PLUMBING & HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: T Pearce





REGISTERED OFFICE: 19 Ochiltree Road
Hastings
East Sussex
TN34 2AJ





REGISTERED NUMBER: 08734391 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

T PEARCE PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08734391)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,189 7,244

CURRENT ASSETS
Debtors 5 89,648 52,674
Cash at bank and in hand 31,090 33,553
120,738 86,227
CREDITORS
Amounts falling due within one year 6 47,948 35,106
NET CURRENT ASSETS 72,790 51,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,979

58,365

CREDITORS
Amounts falling due after more than one
year

7

(28,759

)

(34,495

)

PROVISIONS FOR LIABILITIES (4,298 ) (1,369 )
NET ASSETS 56,922 22,501

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,822 22,401
SHAREHOLDERS' FUNDS 56,922 22,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

T PEARCE PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08734391)

BALANCE SHEET - continued
31ST OCTOBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th May 2025 and were signed by:





T Pearce - Director


T PEARCE PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08734391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

T Pearce Plumbing & Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Tools and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Current or deferred taxation assets and liabilities are not discounted.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

T PEARCE PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 08734391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Tools and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 284 3,735 18,995 6,714 29,728
Additions - 760 13,995 1,147 15,902
At 31st October 2024 284 4,495 32,990 7,861 45,630
DEPRECIATION
At 1st November 2023 57 3,094 14,488 4,845 22,484
Charge for year - 326 4,626 1,005 5,957
At 31st October 2024 57 3,420 19,114 5,850 28,441
NET BOOK VALUE
At 31st October 2024 227 1,075 13,876 2,011 17,189
At 31st October 2023 227 641 4,507 1,869 7,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,746 38,494
Other debtors 19,902 14,180
89,648 52,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,739 5,597
Trade creditors 23,387 20,084
Taxation and social security 13,695 6,430
Other creditors 5,127 2,995
47,948 35,106

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,759 34,495

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,315 10,653