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REGISTERED NUMBER: 08029215 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Able Plumbing Solutions Ltd

Able Plumbing Solutions Ltd (Registered number: 08029215)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Able Plumbing Solutions Ltd

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: M Holtom





REGISTERED OFFICE: 92 Alston Drive
Bradwell Abbey
Milton Keynes
Buckinghamshire
MK13 9HF





REGISTERED NUMBER: 08029215 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Able Plumbing Solutions Ltd (Registered number: 08029215)

Balance Sheet
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 210,794 172,296
210,794 172,296

CURRENT ASSETS
Stocks 99,717 80,048
Debtors 6 410,706 180,763
Cash at bank 203,296 123,000
713,719 383,811
CREDITORS
Amounts falling due within one year 7 570,372 241,247
NET CURRENT ASSETS 143,347 142,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,141

314,860

CREDITORS
Amounts falling due after more than one
year

8

(138,301

)

(137,912

)

PROVISIONS FOR LIABILITIES (52,699 ) (43,074 )
NET ASSETS 163,141 133,874

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 163,139 133,872
SHAREHOLDERS' FUNDS 163,141 133,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Able Plumbing Solutions Ltd (Registered number: 08029215)

Balance Sheet - continued
31 MARCH 2025


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

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

The financial statements were approved by the director and authorised for issue on 1 August 2025 and were signed by:





M Holtom - Director


Able Plumbing Solutions Ltd (Registered number: 08029215)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Able Plumbing Solutions Ltd 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant & machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Able Plumbing Solutions Ltd (Registered number: 08029215)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Able Plumbing Solutions Ltd (Registered number: 08029215)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,282
AMORTISATION
At 1 April 2024
and 31 March 2025 10,282
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant & and
property machinery fittings
£    £    £   
COST
At 1 April 2024 13,608 21,989 7,286
Additions - 24,414 3,082
Disposals - - -
At 31 March 2025 13,608 46,403 10,368
DEPRECIATION
At 1 April 2024 4,721 9,412 1,911
Charge for year 3,402 9,248 2,592
Eliminated on disposal - - -
At 31 March 2025 8,123 18,660 4,503
NET BOOK VALUE
At 31 March 2025 5,485 27,743 5,865
At 31 March 2024 8,887 12,577 5,375

Able Plumbing Solutions Ltd (Registered number: 08029215)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 228,496 13,093 284,472
Additions 65,232 7,533 100,261
Disposals (34,331 ) - (34,331 )
At 31 March 2025 259,397 20,626 350,402
DEPRECIATION
At 1 April 2024 88,775 7,357 112,176
Charge for year 39,020 5,608 59,870
Eliminated on disposal (32,438 ) - (32,438 )
At 31 March 2025 95,357 12,965 139,608
NET BOOK VALUE
At 31 March 2025 164,040 7,661 210,794
At 31 March 2024 139,721 5,736 172,296


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 351,270 145,260
Other debtors 59,436 35,503
410,706 180,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 9) 14,500 62,770
Hire purchase contracts (see note 10) 51,482 30,765
Trade creditors 130,820 90,748
Taxation and social security 129,654 41,157
Other creditors 243,916 15,807
570,372 241,247

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 9) 23,149 28,704
Hire purchase contracts (see note 10) 115,152 109,208
138,301 137,912

Able Plumbing Solutions Ltd (Registered number: 08029215)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr - 926

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 8,944 57,214
Bank loans 5,556 5,556
14,500 62,770

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,556 5,556

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,593 22,222

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr - 926

The loan balance outstanding at the balance sheet date falls due within 6 years, are unsecured and guaranteed by the UK Government.

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 51,482 30,765
Between one and five years 115,152 109,208
166,634 139,973

Hire purchase liabilities outstanding at the balance sheet date are secured against the assets to which they relate.

Able Plumbing Solutions Ltd (Registered number: 08029215)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2025 2024
£    £   
Within one year 10,000 10,000
Between one and five years 9,167 19,167
19,167 29,167

11. PENSION COMMITMENTS

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. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £2,409 (2024: £2,050) were payable to the fund at the balance sheet date and are included in other creditors.