Company No: 10147997 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	4,200		6,300
Tangible assets	4	10,887		14,062
		15,087		20,362
Current assets
Debtors	5	44,764		15,130
Cash at bank and in hand		20,693		15,288
		65,457		30,418
Creditors: amounts falling due within one year	6	( 23,108)		( 12,249)
Net current assets		42,349		18,169
Total assets less current liabilities		57,436		38,531
Net assets		57,436		38,531
Capital and reserves
Called-up share capital	7	10		10
Profit and loss account		57,426		38,521
Total shareholder's funds		57,436		38,531

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Southshore Heating and Plumbing Limited (registered number: 10147997) were approved and authorised for issue by the Director on 17 September 2025. They were signed on its behalf by:

R Graham Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Southshore Heating and Plumbing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, BH15 2PW, POOLE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2024	10,500		10,500
At 31 January 2025	10,500		10,500
Accumulated amortisation
At 01 February 2024	4,200		4,200
Charge for the financial year	2,100		2,100
At 31 January 2025	6,300		6,300
Net book value
At 31 January 2025	4,200		4,200
At 31 January 2024	6,300		6,300

4. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 February 2024	25,000		0		25,000
Additions	0		420		420
At 31 January 2025	25,000		420		25,420
Accumulated depreciation
At 01 February 2024	10,938		0		10,938
Charge for the financial year	3,516		79		3,595
At 31 January 2025	14,454		79		14,533
Net book value
At 31 January 2025	10,546		341		10,887
At 31 January 2024	14,062		0		14,062

5. Debtors

	2025		2024
	£		£
Trade debtors	16,110		270
Other debtors	28,654		14,860
	44,764		15,130

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	21,336		10,749
Other creditors	1,772		1,500
	23,108		12,249

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each	10		10

8. Related party transactions

Other related party transactions

	2025		2024
	£		£
Loans to participators	17,945		5,279