REGISTERED NUMBER: 07642196 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Bourne to Plumb Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M D Bourne

D C J Atkins

A R Ludlow

REGISTERED OFFICE:

197A Barnwood Road

Gloucester

Gloucestershire

GL4 3HW

REGISTERED NUMBER:

07642196 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

19 Eastgate Street

Gloucester

Gloucestershire

GL1 1NU

FIXED ASSETS

Intangible assets

4

5,389

10,778

Tangible assets

5

14,996

8,545

20,385

19,323

CURRENT ASSETS

Debtors

6

5,570

3,384

Cash at bank

212,935

182,141

218,505

185,525

CREDITORS

Amounts falling due within one year

7

145,225

114,349

NET CURRENT ASSETS

73,280

71,176

TOTAL ASSETS LESS CURRENT LIABILITIES

93,665

90,499

PROVISIONS FOR LIABILITIES

3,599

2,051

NET ASSETS

90,066

88,448

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

89,966

88,348

SHAREHOLDERS' FUNDS

90,066

88,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

M D Bourne - Director

1.	STATUTORY INFORMATION

Bourne to Plumb Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised over its remaining useful life of 2 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 June 2024

and 31 May 2025

80,000

Amortisation

At 1 June 2024

69,222

Charge for year

5,389

At 31 May 2025

74,611

Net book value

At 31 May 2025

5,389

At 31 May 2024

10,778

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 June 2024

28,195

1,229

29,424

Additions

9,382

-

9,382

Disposals

(5,750

)

-

(5,750

)

At 31 May 2025

31,827

1,229

33,056

Depreciation

At 1 June 2024

19,650

1,229

20,879

Charge for year

2,794

-

2,794

Eliminated on disposal

(5,613

)

-

(5,613

)

At 31 May 2025

16,831

1,229

18,060

Net book value

At 31 May 2025

14,996

-

14,996

At 31 May 2024

8,545

-

8,545

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

4,360

2,210

Other debtors

1,210

1,174

5,570

3,384

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade creditors

6,187

6,140

Amounts owed to associates

55,498

38,954

Taxation and social security

48,027

39,627

Other creditors

35,513

29,628

145,225

114,349

8.	RELATED PARTY DISCLOSURES

M D Bourne

Director

At 31 May 2025, the company owed the director £1,363 (2024 - £4,127). The loan balance is interest free and has no fixed repayment date.

D C J Atkins

Director

At 31 May 2025, the company owed the director £20,312 (2024 - £12,000). The loan balance is interest free and has no fixed repayment date.

A R Ludlow

Director

At 31 May 2025, the company owed the director £12,312 (2024 - £12,000). The loan balance is interest free and has no fixed repayment date.

M Bourne Holdings Ltd

A company with an interest in Bourne to Plumb Ltd

A loan exists between the company and M Bourne Holdings Ltd. At 31 May 2025, the company owed M Bourne Holdings Ltd £55,498 (2024 - £38,954). The loan is interest free with no fixed repayment terms.