Registered number
11725139
Arlow Plumbing and Heating Ltd
Filleted Accounts
31 December 2024
These are now the statutory accounts and replace the previous accounts filed
Arlow Plumbing and Heating Ltd
Registered number: 11725139
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 15,389 6,157
Current assets
Stocks 10,000 10,000
Debtors 5 3,667 28,375
Cash at bank and in hand 15,848 38,083
29,515 76,458
Creditors: amounts falling due within one year 6 (44,718) (66,694)
Net current (liabilities)/assets (15,203) 9,764
Total assets less current liabilities 186 15,921
Creditors: amounts falling due after more than one year 7 (4,464) (14,445)
Provisions for liabilities (2,924) (1,170)
Net (liabilities)/assets (7,202) 306
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,302) 206
Shareholders' funds (7,202) 306
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Arlow
Director
Approved by the board on 10 March 2025
Arlow Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
These accounts are now the statutory accounts as at 31st December 2022 and replace the previously filed accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles 20% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Computer Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 10,250
At 31 December 2024 10,250
Amortisation
At 1 January 2024 10,250
At 31 December 2024 10,250
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 8,811 13,539 22,350
Additions 1,048 12,300 13,348
At 31 December 2024 9,859 25,839 35,698
Depreciation
At 1 January 2024 7,091 9,102 16,193
Charge for the year 769 3,347 4,116
At 31 December 2024 7,860 12,449 20,309
Net book value
At 31 December 2024 1,999 13,390 15,389
At 31 December 2023 1,720 4,437 6,157
5 Debtors 2024 2023
£ £
Trade debtors 2,318 2,629
Other debtors 1,349 25,746
3,667 28,375
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,000 9,000
Trade creditors 12,310 34,598
Taxation and social security costs 19,729 22,544
Other creditors 3,679 552
44,718 66,694
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,464 14,445
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Thomas Arlow
Short Term Loan 24,433 - (24,433) -
24,433 - (24,433) -
9 Controlling party
The company is under the full control of Mr T Arlow as director and shareholder.
10 Other information
Arlow Plumbing and Heating Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
Kings Castle Business Park
Boards Road, Bridgwater
Somerset
TA6 4AG
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