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REGISTERED NUMBER: SC639850 (Scotland)


















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Preston Fleming Plumbing & Heating Ltd

Preston Fleming Plumbing & Heating Ltd (Registered number: SC639850)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Preston Fleming Plumbing & Heating Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P Fleming
J Fleming





REGISTERED OFFICE: Burnsland
Main Road
Cardross
G82 5NY





REGISTERED NUMBER: SC639850 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Preston Fleming Plumbing & Heating Ltd (Registered number: SC639850)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 37,671 22,770

CURRENT ASSETS
Stocks 26,389 39,589
Debtors 5 44,009 43,870
Cash at bank 9,482 -
79,880 83,459
CREDITORS
Amounts falling due within one year 6 77,574 80,564
NET CURRENT ASSETS 2,306 2,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,977

25,665

CREDITORS
Amounts falling due after more than one
year

7

24,395

24,760
NET ASSETS 15,582 905

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 15,580 903
15,582 905

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

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

Preston Fleming Plumbing & Heating Ltd (Registered number: SC639850)

Balance Sheet - continued
31 August 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 15 May 2025 and were signed on its behalf by:





J Fleming - Director


Preston Fleming Plumbing & Heating Ltd (Registered number: SC639850)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Preston Fleming Plumbing & Heating Ltd is a private company, limited by shares , registered in Scotland. 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 - 33% on cost and 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Preston Fleming Plumbing & Heating Ltd (Registered number: SC639850)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 48,237
Additions 25,000
At 31 August 2024 73,237
DEPRECIATION
At 1 September 2023 25,467
Charge for year 10,099
At 31 August 2024 35,566
NET BOOK VALUE
At 31 August 2024 37,671
At 31 August 2023 22,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 12,629 9,200
Other debtors 31,380 34,670
44,009 43,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,656
Hire purchase contracts 13,165 8,365
Trade creditors 26,814 28,283
Taxation and social security 17,675 24,152
Other creditors 9,920 9,108
77,574 80,564

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,500 17,500
Hire purchase contracts 16,895 7,260
24,395 24,760

8. CONTINGENT LIABILITIES

As at 31 August 2024 the company has no contingent liabilities. (2023 - £nil).

Preston Fleming Plumbing & Heating Ltd (Registered number: SC639850)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CAPITAL COMMITMENTS

As at 31 August 2024 the company has no contingent liabilities. (2023 - £nil).

10. RELATED PARTY DISCLOSURES

As at 31 August 2024 included in other debtors and other creditors is £31,380 (2023 - £34,670) due from Mr P Fleming and £11,349 (2023 - £6,912) due to Mr J Fleming, directors of the company. There is no fixed repayments or interest charged thereon.



Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Preston Fleming Plumbing & Heating Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Preston Fleming Plumbing & Heating Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Preston Fleming Plumbing & Heating Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Preston Fleming Plumbing & Heating Ltd and state those matters that we have agreed to state to the Board of Directors of Preston Fleming Plumbing & Heating Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Preston Fleming Plumbing & Heating Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Preston Fleming Plumbing & Heating Ltd. You consider that Preston Fleming Plumbing & Heating Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Preston Fleming Plumbing & Heating Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP


15 May 2025