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REGISTERED NUMBER: 08634532 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2024

FOR

IDEAL PLUMBING & HEATING INSTALLATIONS
LTD

IDEAL PLUMBING & HEATING INSTALLATIONS
LTD (REGISTERED NUMBER: 08634532)

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


IDEAL PLUMBING & HEATING INSTALLATIONS
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Director: L F Farmer





Registered office: 1623 Warwick Road
Knowle
Solihull
B93 9LF





Registered number: 08634532 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

IDEAL PLUMBING & HEATING INSTALLATIONS
LTD (REGISTERED NUMBER: 08634532)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,149 18,315

CURRENT ASSETS
Stocks - 8,831
Debtors 5 3,441 4,133
Cash at bank and in hand 9,535 37,132
12,976 50,096
CREDITORS
Amounts falling due within one year 6 4,695 4,462
NET CURRENT ASSETS 8,281 45,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,430

63,949

PROVISIONS FOR LIABILITIES 341 -
NET ASSETS 22,089 63,949

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 22,087 63,947
22,089 63,949

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 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.

IDEAL PLUMBING & HEATING INSTALLATIONS
LTD (REGISTERED NUMBER: 08634532)

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 director and authorised for issue on 6 May 2025 and were signed by:





L F Farmer - Director


IDEAL PLUMBING & HEATING INSTALLATIONS
LTD (REGISTERED NUMBER: 08634532)

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


1. STATUTORY INFORMATION

Ideal Plumbing & Heating Installations Ltd 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.


IDEAL PLUMBING & HEATING INSTALLATIONS
LTD (REGISTERED NUMBER: 08634532)

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


2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 September 2023 4,233 27,124 2,224 33,581
Additions 125 - - 125
At 31 August 2024 4,358 27,124 2,224 33,706
Depreciation
At 1 September 2023 2,782 11,867 617 15,266
Charge for year 236 3,814 241 4,291
At 31 August 2024 3,018 15,681 858 19,557
Net book value
At 31 August 2024 1,340 11,443 1,366 14,149
At 31 August 2023 1,451 15,257 1,607 18,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,441 4,133

IDEAL PLUMBING & HEATING INSTALLATIONS
LTD (REGISTERED NUMBER: 08634532)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 4,695 4,462