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Registration number: 11528379


Potteries Plumbing and Heating Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Potteries Plumbing and Heating Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Potteries Plumbing and Heating Limited

Company Information

Directors

Mr D Cadman

Mr C Eldred

Registered office

C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

Accountants

Howsons (Stoke) Limited
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Potteries Plumbing and Heating Limited

(Registration number: 11528379)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

67,921

-

Investment property

5

49,228

-

 

117,149

-

Current assets

 

Debtors

6

108,585

158,381

Cash at bank and in hand

 

67,236

57,558

 

175,821

215,939

Creditors: Amounts falling due within one year

7

(117,745)

(117,688)

Net current assets

 

58,076

98,251

Total assets less current liabilities

 

175,225

98,251

Creditors: Amounts falling due after more than one year

7

(76,845)

(18,046)

Net assets

 

98,380

80,205

Capital and reserves

 

Called up share capital

100

100

Retained earnings

98,280

80,105

Shareholders' funds

 

98,380

80,205

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

 

Potteries Plumbing and Heating Limited

(Registration number: 11528379)
Balance Sheet as at 31 August 2024

.........................................
Mr D Cadman
Director

   
     
 

Potteries Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Potteries Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Asset class

Depreciation method and rate

Tools

20% straight line

Motor vehicles

15% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, 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 receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Potteries Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Motor vehicles
 £

Tools
 £

Total
£

Cost or valuation

At 1 September 2023

-

5,575

5,575

Additions

74,781

-

74,781

At 31 August 2024

74,781

5,575

80,356

Depreciation

At 1 September 2023

-

5,575

5,575

Charge in the year

6,860

-

6,860

At 31 August 2024

6,860

5,575

12,435

Carrying amount

At 31 August 2024

67,921

-

67,921

5

Investment properties

2024
£

Additions

49,228

At 31 August

49,228

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Trade debtors

48,987

124,915

Other debtors

59,598

33,466

108,585

158,381

 

Potteries Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

10,415

-

Trade creditors

 

52,438

60,128

Taxation and social security

 

6,053

8,410

Other creditors

 

37,316

35,380

Other borrowings

6,538

6,909

Directors' loan account

 

4,985

6,861

 

117,745

117,688

Due after one year

 

Loans and borrowings

76,845

18,046