Plumberly Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: SC693147

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,692		2,500

			9,692		2,500
CURRENT ASSETS
Debtors	5	2,095		1,531
Cash at bank and in hand		11,485		840

		13,580		2,371
Creditors: Amounts Falling Due Within One Year	6	(17,130 )		(4,545 )

NET CURRENT ASSETS (LIABILITIES)			(3,550 )		(2,174 )

TOTAL ASSETS LESS CURRENT LIABILITIES			6,142		326

Creditors: Amounts Falling Due After More Than One Year	7		(3,867 )		-

NET ASSETS			2,275		326

CAPITAL AND RESERVES
Called up share capital	9		2		1
Profit and Loss Account			2,273		325

SHAREHOLDERS' FUNDS			2,275		326

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 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 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

Ms Lucinda Smalley

Director

08/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Plumberly Limited is a private company, limited by shares, incorporated in Scotland, registered number SC693147 . The registered office is 272 Bath Street, Glasgow, Glasgow, G2 4JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.

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.

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:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and 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 profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Directors	2	1

	2	1

Page 2

Page 3

Plumberly Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	-	5,000	5,000
Additions	1,125	10,990	12,115
Disposals	-	(5,000 )	(5,000 )

As at 31 March 2025	1,125	10,990	12,115

Depreciation
As at 1 April 2024	-	2,500	2,500
Provided during the period	225	2,198	2,423
Disposals	-	(2,500 )	(2,500 )

As at 31 March 2025	225	2,198	2,423

Net Book Value
As at 31 March 2025	900	8,792	9,692

As at 1 April 2024	-	2,500	2,500

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	445	708
Prepayments and accrued income	1,481	823
Other debtors	169	-

	2,095	1,531

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,729	-
Trade creditors	3,286	734
Corporation tax	-	761
Other taxes and social security	-	40
VAT	1,614	184
Accruals and deferred income	1,788	700
Directors' loan accounts	7,713	2,126

	17,130	4,545

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,867	-

Page 3

Page 4

Plumberly Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,729	-
Later than one year and not later than five years	3,867	-

	6,596	-

	6,596	-

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	1

Page 4