Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 September 2022 false 1 March 2024 28 February 2025 28 February 2025 07353030 Mr Paul Scrowston Mr Daniel Jackson Mr Bradley Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07353030 2024-02-29 07353030 2025-02-28 07353030 2024-03-01 2025-02-28 07353030 frs-core:Non-currentFinancialInstruments 2025-02-28 07353030 frs-core:BetweenOneFiveYears 2025-02-28 07353030 frs-core:ComputerEquipment 2024-03-01 2025-02-28 07353030 frs-core:FurnitureFittings 2024-03-01 2025-02-28 07353030 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07353030 frs-core:MotorVehicles 2024-03-01 2025-02-28 07353030 frs-core:PlantMachinery 2024-03-01 2025-02-28 07353030 frs-core:WithinOneYear 2025-02-28 07353030 frs-core:ShareCapital 2025-02-28 07353030 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07353030 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07353030 frs-bus:AbridgedAccounts 2024-03-01 2025-02-28 07353030 frs-bus:SmallEntities 2024-03-01 2025-02-28 07353030 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07353030 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07353030 frs-bus:Director1 2024-03-01 2025-02-28 07353030 frs-bus:Director2 2024-03-01 2025-02-28 07353030 frs-bus:Director3 2024-03-01 2025-02-28 07353030 frs-countries:EnglandWales 2024-03-01 2025-02-28 07353030 2022-08-31 07353030 2024-02-29 07353030 2022-09-01 2024-02-29 07353030 frs-core:Non-currentFinancialInstruments 2024-02-29 07353030 frs-core:BetweenOneFiveYears 2024-02-29 07353030 frs-core:WithinOneYear 2024-02-29 07353030 frs-core:ShareCapital 2024-02-29 07353030 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 07353030
Top Gun Plumbing, Heating & Gas Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07353030
28 February 2025 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 282,607 187,467
282,607 187,467
CURRENT ASSETS
Stocks 295,353 148,399
Debtors 216,667 94,854
Cash at bank and in hand 709,153 458,930
1,221,173 702,183
Creditors: Amounts Falling Due Within One Year (645,219 ) (390,234 )
NET CURRENT ASSETS (LIABILITIES) 575,954 311,949
TOTAL ASSETS LESS CURRENT LIABILITIES 858,561 499,416
Creditors: Amounts Falling Due After More Than One Year (10,582 ) (40,977 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,556 ) (9,706 )
NET ASSETS 811,423 448,733
CAPITAL AND RESERVES
Called up share capital 6 102 102
Profit and Loss Account 811,321 448,631
SHAREHOLDERS' FUNDS 811,423 448,733
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For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Paul Scrowston
Director
30/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Top Gun Plumbing, Heating & Gas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07353030 . The registered office is 25 Calvert Lane, Hull, HU4 6BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold In accordance with property
Plant & Machinery 15% WDV
Motor Vehicles 25% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 25% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 8)
9 8
4. Tangible Assets
Total
£
Cost
As at 1 March 2024 234,630
Additions 113,382
As at 28 February 2025 348,012
Depreciation
As at 1 March 2024 47,163
Provided during the period 18,242
As at 28 February 2025 65,405
...CONTINUED
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Net Book Value
As at 28 February 2025 282,607
As at 1 March 2024 187,467
5. Obligations Under Finance Leases and Hire Purchase
28 February 2025 29 February 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,544 11,544
Later than one year and not later than five years 10,582 22,126
22,126 33,670
22,126 33,670
6. Share Capital
28 February 2025 29 February 2024
£ £
Allotted, Called up and fully paid 102 102
7. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,085 (2024 - £265) were due to the fund. They are included in Other Creditors.
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