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REGISTERED NUMBER: 07821792 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Valley Plumbing & Heating Systems
Limited

Valley Plumbing & Heating Systems
Limited (Registered number: 07821792)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Valley Plumbing & Heating Systems
Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr J S Lewin
Mr P Lewin





SECRETARY: Mrs P Lewin





REGISTERED OFFICE: 9 Ridings Close
Asfordby
Melton Mowbray
Leicestershire
LE14 3TA





REGISTERED NUMBER: 07821792 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Valley Plumbing & Heating Systems
Limited (Registered number: 07821792)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,900 38,118
Investments 5 48,321 43,180
77,221 81,298

CURRENT ASSETS
Stocks 6 16,775 16,014
Debtors 7 108,775 74,643
Cash at bank and in hand 47,038 72,924
172,588 163,581
CREDITORS
Amounts falling due within one year 8 94,055 100,203
NET CURRENT ASSETS 78,533 63,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,754

144,676

CREDITORS
Amounts falling due after more than one year 9 (10,518 ) (27,296 )

PROVISIONS FOR LIABILITIES 11 (6,308 ) (7,006 )
NET ASSETS 138,928 110,374

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 138,828 110,274
SHAREHOLDERS' FUNDS 138,928 110,374

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

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

Valley Plumbing & Heating Systems
Limited (Registered number: 07821792)

Balance Sheet - continued
30 November 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:





Mr P Lewin - Director


Valley Plumbing & Heating Systems
Limited (Registered number: 07821792)

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

1. STATUTORY INFORMATION

Valley Plumbing & Heating Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the invoiced value of goods and services supplied by the company during the period, (excluding vat).

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold property - Nil
Plant & machinery - 20% reducing balance basis
Fixtures and fittings - 20% reducing balance basis
Motor vehicles - 25% reducing balance basis
Computer equipment - 33.33% straight line basis

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 balance sheet date.


Valley Plumbing & Heating Systems
Limited (Registered number: 07821792)

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

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023
and 30 November 2024 1,245 9,255 765
DEPRECIATION
At 1 December 2023 - 7,711 441
Charge for year - 309 65
At 30 November 2024 - 8,020 506
NET BOOK VALUE
At 30 November 2024 1,245 1,235 259
At 30 November 2023 1,245 1,544 324

Valley Plumbing & Heating Systems
Limited (Registered number: 07821792)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 70,819 1,645 83,729
DEPRECIATION
At 1 December 2023 35,938 1,521 45,611
Charge for year 8,720 124 9,218
At 30 November 2024 44,658 1,645 54,829
NET BOOK VALUE
At 30 November 2024 26,161 - 28,900
At 30 November 2023 34,881 124 38,118

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 43,180
Additions 611
Revaluations 4,530
At 30 November 2024 48,321
NET BOOK VALUE
At 30 November 2024 48,321
At 30 November 2023 43,180

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2021 4,868
Valuation in 2022 (5,695 )
Valuation in 2023 3,115
Valuation in 2024 4,530
Cost 41,503
48,321

Valley Plumbing & Heating Systems
Limited (Registered number: 07821792)

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

6. STOCKS
30.11.24 30.11.23
£    £   
Stocks 16,775 13,155
Work-in-progress - 2,859
16,775 16,014

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 105,887 71,319
Other debtors 2,888 3,324
108,775 74,643

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 10) 10,333 10,077
Hire purchase contracts 6,445 5,754
Trade creditors 33,672 49,250
Taxation and social security 40,023 33,312
Other creditors 3,582 1,810
94,055 100,203

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans (see note 10) 7,036 17,369
Hire purchase contracts 3,482 9,927
10,518 27,296

10. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,333 10,077

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,036 10,333

Valley Plumbing & Heating Systems
Limited (Registered number: 07821792)

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

10. LOANS - continued
30.11.24 30.11.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,036

11. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 6,308 7,006

Deferred
tax
£   
Balance at 1 December 2023 7,006
Credit to Income Statement during year (698 )
Balance at 30 November 2024 6,308

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

13. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £760 - (2023 - £195) due to the Directors. The amounts are interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The controlling party, Mr P Lewin a director of the company who owns 90% of the issued share capital.