Plumberoo Ltd. - Filleted accounts

Registered number

10187354

Plumberoo Ltd.

Filleted Accounts

31 May 2025

Plumberoo Ltd.
Registered number:		10187354
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		131,060			147,402

Current assets
Stocks		-			7,781
Debtors	4	204,645			126,062
Cash at bank and in hand		378,752			218,193
		583,397			352,036

Creditors: amounts falling due within one year	5	(471,379)			(367,946)

Net current assets/(liabilities)			112,018			(15,910)

Total assets less current liabilities			243,078			131,492

Creditors: amounts falling due after more than one year	6		-			(14,567)

Provisions for liabilities			(32,765)			(36,851)


Net assets			210,313			80,074

Capital and reserves
Called up share capital			20			20
Profit and loss account			210,293			80,054

Shareholders' funds			210,313			80,074

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Chris Levick
Director
Approved by the board on 18 August 2025

Plumberoo Ltd.
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings			10% Straight Line
	Plant and machinery			10% Straight Line
	Fixtures, fittings, tools and equipment			33% Straight Line
	Motor vehicles			25% Straight Line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2024	29,220		24,463		234,614		288,297
	Additions	-		12,033		27,486		39,519
	Disposals	-		(10,033)		(25,485)		(35,518)
	At 31 May 2025	29,220		26,463		236,615		292,298

	Depreciation
	At 1 June 2024	391		17,417		123,087		140,895
	Charge for the year	2,922		5,561		43,929		52,412
	On disposals	-		(10,032)		(22,037)		(32,069)
	At 31 May 2025	3,313		12,946		144,979		161,238

	Net book value
	At 31 May 2025	25,907		13,517		91,636		131,060
	At 31 May 2024	28,829		7,046		111,527		147,402


4	Debtors					2025		2024
£							£

	Trade debtors					195,701		119,016
	Amounts owed by related party					478		289
	Other debtors					8,466		6,757
						204,645		126,062


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					7,798		-
	Obligations under finance lease and hire purchase contracts					14,538		12,018
	Trade creditors					37,860		41,048
	Taxation and social security costs					352,490		255,005
	Other creditors					58,693		59,875
						471,379		367,946


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					-		14,567


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					14,538		26,585

	The secured loans are subject to hire purchase agreements, and the assets acquired under these contracts serve as security for the related liabilities.


8	Related party transactions

	During the year, Plumberoo Ltd. paid certain expenses on behalf of Fixeroo Ltd, a company under common control. At the year end, Plumberoo Ltd. was owed £478 by Fixeroo Ltd. (2024: £289). The balance is unsecured, interest free and repayable on demand.


9	Other information

	Plumberoo Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
	SHMS House
	20 Little Park Farm Road
	Fareham
	Hampshire
	PO15 5TD