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Company Registration No. 14732876 (England and Wales)
247 PLUMBERS LTD Unaudited accounts for the year ended 31 March 2025
247 PLUMBERS LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
247 PLUMBERS LTD Company Information for the year ended 31 March 2025
Director
M K Marsh
Company Number
14732876 (England and Wales)
Registered Office
12 Market Street Chapel-en-le-Frith High Peak Derbyshire SK23 0HH England
Accountants
Stoney Philbin & Company Limited 7 High Street Chapel-en-le-Frith High Peak SK23 0HD
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 247 PLUMBERS 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 247 PLUMBERS LTD for the year ended 31 March 2025 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited Chartered Certified Accountants 7 High Street Chapel-en-le-Frith High Peak SK23 0HD 24 July 2025
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247 PLUMBERS LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
66,575
38,223
Current assets
Debtors
5
56,748
58,818
Cash at bank and in hand
37,500
49,543
94,248
108,361
Creditors: amounts falling due within one year
6
(74,283)
(99,311)
Net current assets
19,965
9,050
Total assets less current liabilities
86,540
47,273
Creditors: amounts falling due after more than one year
7
(6,181)
-
Net assets
80,359
47,273
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
80,358
47,272
Shareholders' funds
80,359
47,273
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2025 and were signed on its behalf by
M K Marsh Director Company Registration No. 14732876
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247 PLUMBERS LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
247 PLUMBERS LTD is a private company, limited by shares, registered in England and Wales, registration number 14732876. The registered office is 12 Market Street, Chapel-en-le-Frith, High Peak, Derbyshire, SK23 0HH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
15% reducing balance basis
Computer equipment
20% reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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247 PLUMBERS LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
3,844
37,000
4,622
45,466
Additions
10,900
40,702
-
51,602
Disposals
-
(10,462)
-
(10,462)
At 31 March 2025
14,744
67,240
4,622
86,606
Depreciation
At 1 April 2024
769
5,550
924
7,243
Charge for the year
2,795
9,253
740
12,788
At 31 March 2025
3,564
14,803
1,664
20,031
Net book value
At 31 March 2025
11,180
52,437
2,958
66,575
At 31 March 2024
3,075
31,450
3,698
38,223
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
56,748
58,818
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
2,247
-
Trade creditors
28,563
11,398
Taxes and social security
43,198
58,676
Other creditors
176
-
Loans from directors
99
29,237
74,283
99,311
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
6,181
-
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 11 (2024: 5).
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