Sean Brown Plumbing and Heating Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Sean Brown Plumbing and Heating Ltd for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sean Brown Plumbing and Heating Ltd for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sean Brown Plumbing and Heating Ltd , as a body, in accordance with the terms of our engagement letter dated 29 June 2017. Our work has been undertaken solely to prepare for your approval the accounts of Sean Brown Plumbing and Heating Ltd and state those matters that we have agreed to state to the director of Sean Brown Plumbing and Heating Ltd , 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 Sean Brown Plumbing and Heating Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that Sean Brown Plumbing and Heating Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sean Brown Plumbing and Heating Ltd . You consider that Sean Brown Plumbing and Heating Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Sean Brown Plumbing and Heating Ltd . 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 financial statements.

1st September 2025

Gillespie's Fife

Accountants

Fric Ajax Way

Methil

Leven

KY8 3RS

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Sean Brown Plumbing and Heating Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC356592

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		69,318		56,321

			69,318		56,321
CURRENT ASSETS
Stocks	5	83,600		51,000
Debtors	6	146,733		130,771
Cash at bank and in hand		172,796		204,151

		403,129		385,922
Creditors: Amounts Falling Due Within One Year	7	(176,123 )		(174,057 )

NET CURRENT ASSETS (LIABILITIES)			227,006		211,865

TOTAL ASSETS LESS CURRENT LIABILITIES			296,324		268,186

Creditors: Amounts Falling Due After More Than One Year	8		(26,208 )		(44,708 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(11,784 )		(9,066 )

NET ASSETS			258,332		214,412

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			258,330		214,410

SHAREHOLDERS' FUNDS			258,332		214,412

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Sean Brown Plumbing and Heating Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sean Brown

Director

1st September 2025

The notes on pages 4 to 7 form part of these financial statements.

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Sean Brown Plumbing and Heating Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Sean Brown Plumbing and Heating Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC356592 . The registered office is Unit 5 Sean Brown Plumbing & Heating Ltd, Unit 5, Carwhinny, Mitchelston Industrial Estate, Kirkcaldy, Fife, KY1 3LS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Straight Line
Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Sean Brown Plumbing and Heating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 8)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	13,070	42,263	98,164	153,497
Additions	-	3,459	24,990	28,449

As at 31 March 2025	13,070	45,722	123,154	181,946

Depreciation
As at 1 April 2024	4,467	23,943	68,766	97,176
Provided during the period	1,307	3,267	10,878	15,452

As at 31 March 2025	5,774	27,210	79,644	112,628

Net Book Value
As at 31 March 2025	7,296	18,512	43,510	69,318

As at 1 April 2024	8,603	18,320	29,398	56,321

5. Stocks

	2025	2024
	£	£
Materials	30,000	30,000
Work in progress	53,600	21,000

	83,600	51,000

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Sean Brown Plumbing and Heating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	25,004	61,813
Prepayments and accrued income	2,372	2,337
Other debtors	8,135	8,290
Director's loan account	65,473	33,431
Amounts owed by associates	45,749	24,900

	146,733	130,771

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	2,937
Trade creditors	65,863	48,620
Bank loans and overdrafts	18,500	18,500
Corporation tax	22,040	20,625
Other taxes and social security	9,786	6,974
VAT	20,383	13,532
Pension	-	1,936
Other creditor	19	19
Credit Card	22,537	13,671
Accruals and deferred income	16,995	47,243

	176,123	174,057

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	26,208	44,708

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	2,937
Later than one year and not later than five years	-	-

	-	2,937

	-	2,937

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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Sean Brown Plumbing and Heating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Sean Brown	33,431	74,642	(42,600 )	-	65,473

The above loan is unsecured, interest free and repayable on demand.

12. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	33,500	10,000

13. Related Party Transactions

Included within Debtors is an amount of £45,349 due from Sean Brown Developments Ltd and £400 due from Wee Marvin Group Ltd, companies in which Sean Brown is a director and shareholder.

14. Ultimate Controlling Party

The company's ultimate controlling party are Sean Brown by virtue of his ownership of 100% of the issued share capital in the company.

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