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REGISTERED NUMBER: 12370037 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

G & E PLUMBING & HEATING LIMITED

G & E PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 12370037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & E PLUMBING & HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S G Edwards
M G A Greenwood





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 12370037 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

G & E PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 12370037)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,075 43,435

CURRENT ASSETS
Stocks 7,500 6,000
Debtors 5 14,684 15,070
Cash at bank 51,089 56,098
73,273 77,168
CREDITORS
Amounts falling due within one year 6 (89,907 ) (104,889 )
NET CURRENT LIABILITIES (16,634 ) (27,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,441

15,714

PROVISIONS FOR LIABILITIES 7 (8,159 ) (8,252 )
NET ASSETS 9,282 7,462

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 9,182 7,362
SHAREHOLDERS' FUNDS 9,282 7,462

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 directors acknowledge their 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.

G & E PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 12370037)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





M G A Greenwood - Director


G & E PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 12370037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

G & E 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.

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.
Plant and machinery etc - 20% 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.

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 ) .

G & E PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 12370037)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 62,788
Additions 3,319
Disposals (1,909 )
At 31 December 2024 64,198
DEPRECIATION
At 1 January 2024 19,353
Charge for year 10,770
At 31 December 2024 30,123
NET BOOK VALUE
At 31 December 2024 34,075
At 31 December 2023 43,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 11,139 11,705
Other debtors 3,545 3,365
14,684 15,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 11,068 10,700
Taxation and social security 9,876 4,702
Other creditors 68,963 89,487
89,907 104,889

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 8,159 8,252

Deferred
tax
£   
Balance at 1 January 2024 8,252
Provided during year (93 )
Balance at 31 December 2024 8,159

G & E PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 12370037)

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: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2024 7,362
Profit for the year 21,820
Dividends (20,000 )
At 31 December 2024 9,182

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr S Edwards & Mr M Greenwood as holders of the share capital
throughout the current period
The company operates a Loan account with the Directors and the balance as at 31 December 2024 was £68,963. Previous year was 89,487