Company registration number 03251139 (England and Wales)
HARRIS PLUMBING & GAS CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
HARRIS PLUMBING & GAS CENTRE LIMITED
COMPANY INFORMATION
Directors
Mr N P Harris
Mr M A Buffery
Secretary
Mr M A Buffery
Company number
03251139
Registered office
Talbots
Grafton Lane
Bromsgrove
B61 7HA
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
LE87 2BB
HARRIS PLUMBING & GAS CENTRE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
HARRIS PLUMBING & GAS CENTRE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HARRIS PLUMBING & GAS CENTRE LIMITED FOR THE PERIOD ENDED 30 APRIL 2025
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harris Plumbing & Gas Centre Limited for the period ended 30 April 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Harris Plumbing & Gas Centre Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harris Plumbing & Gas Centre Limited and state those matters that we have agreed to state to the board of directors of Harris Plumbing & Gas Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harris Plumbing & Gas Centre Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Harris Plumbing & Gas Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Harris Plumbing & Gas Centre Limited. You consider that Harris Plumbing & Gas Centre Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Harris Plumbing & Gas Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
5 June 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
HARRIS PLUMBING & GAS CENTRE LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 2 -
30 April 2025
31 March 2024
Notes
£
£
£
£
Fixed assets
Investment property
5
348,685
Current assets
Debtors
6
19,253
Cash at bank and in hand
90
16,355
90
35,608
Creditors: amounts falling due within one year
7
(134,705)
Net current assets/(liabilities)
90
(99,097)
Total assets less current liabilities
90
249,588
Creditors: amounts falling due after more than one year
8
(39,438)
Provisions for liabilities
10
(28,597)
Net assets
90
181,553
Capital and reserves
Called up share capital
11
90
90
Profit and loss reserves
181,463
Total equity
90
181,553
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
HARRIS PLUMBING & GAS CENTRE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 5 June 2025 and are signed on its behalf by:
Mr N P Harris
Mr M A Buffery
Director
Director
Company registration number 03251139 (England and Wales)
HARRIS PLUMBING & GAS CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Company information
Harris Plumbing & Gas Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is Talbots, Grafton Lane, Bromsgrove, B61 7HA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and has been fully amortised on a systematic basis over its expected life.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
HARRIS PLUMBING & GAS CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
2024
Number
Number
Total
2
2
HARRIS PLUMBING & GAS CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 30 April 2025
15,000
Amortisation and impairment
At 1 April 2024 and 30 April 2025
15,000
Carrying amount
At 30 April 2025
At 31 March 2024
4
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 April 2024
23,972
1,197
25,169
Disposals
(23,972)
(1,197)
(25,169)
At 30 April 2025
Depreciation and impairment
At 1 April 2024
23,972
1,197
25,169
Eliminated in respect of disposals
(23,972)
(1,197)
(25,169)
At 30 April 2025
Carrying amount
At 30 April 2025
At 31 March 2024
5
Investment property
2025
£
Fair value
At 1 April 2024
348,685
Additions
467
Disposals
(349,152)
At 30 April 2025
HARRIS PLUMBING & GAS CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
19,253
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
15,045
Trade creditors
198
Taxation and social security
6,571
Other creditors
112,891
134,705
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
39,438
9
Secured debts
The following secured debts are included within creditors:
2025
2024
£
£
Bank loans
-
54,483
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
10
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
28,597
HARRIS PLUMBING & GAS CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
- 8 -
11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
89
89
89
89
Ordinary A of £1 each
1
1
1
1
90
90
90
90
12
Ultimate controlling party
There is no ultimate controlling party.