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Company Registration No. 9348601 (England and Wales)
P Owen Plumbing and Heating Ltd Unaudited accounts for the year ended 30 November 2024
P Owen Plumbing and Heating Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
8,216 
5,879 
Cash at bank and in hand
4,693 
(415)
12,909 
5,464 
Creditors: amounts falling due within one year
(10,490)
(7,194)
Net current assets/(liabilities)
2,419 
(1,730)
Total assets less current liabilities
2,419 
(1,730)
Creditors: amounts falling due after more than one year
(1,700)
(5,100)
Net assets/(liabilities)
719 
(6,830)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
619 
(6,930)
Shareholders' funds
719 
(6,830)
For the year ending 30 November 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by
Philip Owen Director Company Registration No. 9348601
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P Owen Plumbing and Heating Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
P Owen Plumbing and Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 9348601. The registered office is 32 Marleigh Road, Bidford on Avon, Warwickshire, B50 4DF, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 3 -
P Owen Plumbing and Heating Ltd Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
1,361 
23,336 
1,320 
26,017 
At 30 November 2024
1,361 
23,336 
1,320 
26,017 
Depreciation
At 1 December 2023
1,361 
23,336 
1,320 
26,017 
At 30 November 2024
1,361 
23,336 
1,320 
26,017 
Net book value
At 30 November 2024
- 
- 
- 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
240 
Accrued income and prepayments
1,070 
872 
Other debtors
7,146 
4,767 
8,216 
5,879 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,400 
3,400 
VAT
- 
1,422 
Trade creditors
1,156 
1,190 
Taxes and social security
5,049 
210 
Other creditors
90 
- 
Accruals
795 
972 
10,490 
7,194 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,700 
5,100 
- 4 -
P Owen Plumbing and Heating Ltd Notes to the Accounts for the year ended 30 November 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Tax losses carried forward
- 
(240)
2024 
2023 
£ 
£ 
Provision at start of year
(240)
- 
Charged/(credited) to the profit and loss account
240 
(240)
Provision at end of year
- 
(240)
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Philip Owen
Loan to Director - P Owen
3,575 
483 
- 
4,058 
Laura Owen
Loan to Director - L Owen
1,192 
160 
- 
1,352 
4,767 
643 
- 
5,410 
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 5 -