LET’S PLUMB LTD

Company Registration Number:
SC797942 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 6 February 2024

End date: 28 February 2025

LET’S PLUMB LTD

Contents of the Financial Statements

for the Period Ended 28 February 2025

Directors report
Balance sheet
Additional notes
Balance sheet notes

LET’S PLUMB LTD

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

Plumbing and Heating



Directors

The director shown below has held office during the whole of the period from
6 February 2024 to 28 February 2025

A Mackie


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 August 2025

And signed on behalf of the board by:
Name: A Mackie
Status: Director

LET’S PLUMB LTD

Balance sheet

As at 28 February 2025

Notes 13 months to 28 February 2025


£
Fixed assets
Tangible assets: 3 11,700
Total fixed assets: 11,700
Current assets
Debtors: 4 4,601
Cash at bank and in hand: 2,532
Total current assets: 7,133
Creditors: amounts falling due within one year: 5 ( 16,333 )
Net current assets (liabilities): (9,200)
Total assets less current liabilities: 2,500
Total net assets (liabilities): 2,500
Capital and reserves
Called up share capital: 1
Profit and loss account: 2,499
Total Shareholders' funds: 2,500

The notes form part of these financial statements

LET’S PLUMB LTD

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 August 2025
and signed on behalf of the board by:

Name: A Mackie
Status: Director

The notes form part of these financial statements

LET’S PLUMB LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Deferred Taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Inventories Inventories have been valued at the lower of cost and net realisable value estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion. Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements.

LET’S PLUMB LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    13 months to 28 February 2025
    Average number of employees during the period 1

LET’S PLUMB LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 13,000 13,000
Disposals
Revaluations
Transfers
At 28 February 2025 13,000 13,000
Depreciation
Charge for year 1,300 1,300
On disposals
Other adjustments
At 28 February 2025 1,300 1,300
Net book value
At 28 February 2025 11,700 11,700

LET’S PLUMB LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Debtors

13 months to 28 February 2025
£
Trade debtors 2,496
Other debtors 2,105
Total 4,601

LET’S PLUMB LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Creditors: amounts falling due within one year note

13 months to 28 February 2025
£
Accruals and deferred income 720
Other creditors 15,613
Total 16,333