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REGISTERED NUMBER: 04092724 (England and Wales)















Chris Flay Plumbing and Heating Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Chris Flay Plumbing and Heating Limited (Registered number: 04092724)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Chris Flay Plumbing and Heating Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: C R Flay
Mrs N C Flay



REGISTERED OFFICE: The Arches
South Lane
Nether Stowey
Bridgwater
Somerset
TA5 1LL



REGISTERED NUMBER: 04092724 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
25 Cornhill
Bridgwater
Somerset
TA6 3AY

Chris Flay Plumbing and Heating Limited (Registered number: 04092724)

Abridged Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 3,516 4,275
Investment property 6 950,000 950,000
953,516 954,275

CURRENT ASSETS
Stocks 7,705 7,645
Debtors 64,712 92,774
Cash at bank 131,914 126,456
204,331 226,875
CREDITORS
Amounts falling due within one year 37,370 44,172
NET CURRENT ASSETS 166,961 182,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,120,477

1,136,978

PROVISIONS FOR LIABILITIES 37,006 38,601
NET ASSETS 1,083,471 1,098,377

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Investment property reserve 7 304,086 304,086
Retained earnings 778,385 793,291
SHAREHOLDERS' FUNDS 1,083,471 1,098,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Chris Flay Plumbing and Heating Limited (Registered number: 04092724)

Abridged Statement of Financial Position - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





C R Flay - Director


Chris Flay Plumbing and Heating Limited (Registered number: 04092724)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Chris Flay 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Chris Flay Plumbing and Heating Limited (Registered number: 04092724)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 59,785
Additions 604
At 30 September 2024 60,389
DEPRECIATION
At 1 October 2023 55,510
Charge for year 1,363
At 30 September 2024 56,873
NET BOOK VALUE
At 30 September 2024 3,516
At 30 September 2023 4,275

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 950,000
NET BOOK VALUE
At 30 September 2024 950,000
At 30 September 2023 950,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 950,000

Chris Flay Plumbing and Heating Limited (Registered number: 04092724)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 607,933 607,933

Investment property was valued on an open market basis on 30 September 2021 by the directors .

7. RESERVES
Investment
property
reserve
£   
At 1 October 2023
and 30 September 2024 304,086

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
C R Flay
Balance outstanding at start of year 67,642 66,431
Amounts advanced 74,103 -
Amounts repaid (97,338 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,407 67,642

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C R Flay and Mrs N C Flay.

The above directors controlled the company throughout the current and previous period, by virtue of the fact that between them, they own all of the company's issued share capital.