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REGISTERED NUMBER: 13697321 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PHASE 1 PLUMBING AND HEATING LIMITED

PHASE 1 PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 13697321)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHASE 1 PLUMBING AND HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: L Farrant





SECRETARY: L Farrant





REGISTERED OFFICE: 11 Hanbury Drive
Calcot
Reading
Berkshire
RG31 7EJ





REGISTERED NUMBER: 13697321 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ

PHASE 1 PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 13697321)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,755 2,374

CURRENT ASSETS
Debtors 5 18,024 2,567
Cash at bank 794 224
18,818 2,791
CREDITORS
Amounts falling due within one year 6 13,885 11,645
NET CURRENT ASSETS/(LIABILITIES) 4,933 (8,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,688

(6,480

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,588 (6,580 )
SHAREHOLDERS' FUNDS 15,688 (6,480 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





L Farrant - Director


PHASE 1 PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 13697321)

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

1. STATUTORY INFORMATION

Phase 1 Plumbing And 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 - 25% on reducing balance and 20% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 3,956
Additions 10,252
At 31 October 2024 14,208
DEPRECIATION
At 1 November 2023 1,582
Charge for year 1,871
At 31 October 2024 3,453
NET BOOK VALUE
At 31 October 2024 10,755
At 31 October 2023 2,374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,024 2,567

PHASE 1 PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 13697321)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,750 1,415
Other creditors 8,135 10,230
13,885 11,645