REGISTERED NUMBER: 02395809 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2024

for

L.H. Plumbing & Heating Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Sumner

M J Sumner

SECRETARY:

J A Sumner

REGISTERED OFFICE:

130 Vaughan Road

Harrow

HA1 4ED

REGISTERED NUMBER:

02395809 (England and Wales)

FIXED ASSETS

Tangible assets

5

71,971

48,732

CURRENT ASSETS

Stocks

12,000

14,500

Debtors

6

59,417

17,759

Cash at bank and in hand

24,967

25,626

96,384

57,885

CREDITORS

Amounts falling due within one year

7

70,586

103,111

NET CURRENT ASSETS/(LIABILITIES)

25,798

(45,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

97,769

3,506

PROVISIONS FOR LIABILITIES

9

17,993

-

NET ASSETS

79,776

3,506

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

79,676

3,406

SHAREHOLDERS' FUNDS

79,776

3,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

J A Sumner - Director

M J Sumner - Director

1.	STATUTORY INFORMATION

L.H. Plumbing & Heating Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for customer returns, rebates and other similar allowances.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on cost

Motor vans

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase and any other costs incurred in bringing the stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.

Going concern

The company meets its day-to-day working capital requirements through careful management of its working capital positions. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

Computer

& equipment

vans

equipment

Totals

£

£

£

£

COST

At 1 January 2024

18,308

193,771

918

212,997

Additions

2,307

45,375

-

47,682

Disposals

-

(92,013

)

-

(92,013

)

At 31 December 2024

20,615

147,133

918

168,666

DEPRECIATION

At 1 January 2024

18,308

145,536

421

164,265

Charge for year

577

23,220

229

24,026

Eliminated on disposal

-

(91,596

)

-

(91,596

)

At 31 December 2024

18,885

77,160

650

96,695

NET BOOK VALUE

At 31 December 2024

1,730

69,973

268

71,971

At 31 December 2023

-

48,235

497

48,732

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

16,417

16,118

Other debtors

43,000

1,641

59,417

17,759

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

28,027

58,548

Taxation and social security

26,745

19,258

Other creditors

15,814

25,305

70,586

103,111

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

£

Within one year

33,695

32,939

Between one and five years

29,517

29,517

In more than five years

-

7,379

63,212

69,835

9.	PROVISIONS FOR LIABILITIES

31/12/24

31/12/23

£

£

Deferred tax

17,993

-

Deferred

tax

£

Accelerated capital allowances

17,993

Balance at 31 December 2024

17,993

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

Included within Creditors was a balance of £3,845 (2023: £24,845) owed to a Director of the company. The balance was interest free and was repayable on demand.