REGISTERED NUMBER: 09897562 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LEE WEST PLUMBING & HEATING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs T M West

L D West

SECRETARY:

Mrs T M West

REGISTERED OFFICE:

36 Happisburgh Road

North Walsham

NR28 9HD

REGISTERED NUMBER:

09897562 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Intangible assets

4

10,500

21,000

Tangible assets

5

140,156

153,908

150,656

174,908

CURRENT ASSETS

Stocks

7,011

14,884

Debtors

6

64,553

54,099

Cash at bank

321,252

302,433

392,816

371,416

CREDITORS

Amounts falling due within one year

7

72,651

50,453

NET CURRENT ASSETS

320,165

320,963

TOTAL ASSETS LESS CURRENT LIABILITIES

470,821

495,871

CREDITORS

Amounts falling due after more than one year

8

35,248

39,657

NET ASSETS

435,573

456,214

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

93,900

93,900

Retained earnings

341,573

362,214

435,573

456,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 September 2025 and were signed on its behalf by:

L D West - Director

Mrs T M West - Director

1.	STATUTORY INFORMATION

Lee West Plumbing & Heating 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 2016, is being amortised evenly over its estimated useful life of ten years.

Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings - 10 years straight line

Plant and machinery - 25% reducing balance

Motor Vehicles - 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

105,000

AMORTISATION

At 1 April 2024

84,000

Amortisation for year

10,500

At 31 March 2025

94,500

NET BOOK VALUE

At 31 March 2025

10,500

At 31 March 2024

21,000

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

7,929

23,292

209,761

240,982

Additions

-

2,273

101,291

103,564

Disposals

-

-

(84,440

)

(84,440

)

At 31 March 2025

7,929

25,565

226,612

260,106

DEPRECIATION

At 1 April 2024

793

10,714

75,567

87,074

Charge for year

793

3,713

40,891

45,397

Eliminated on disposal

-

-

(12,521

)

(12,521

)

At 31 March 2025

1,586

14,427

103,937

119,950

NET BOOK VALUE

At 31 March 2025

6,343

11,138

122,675

140,156

At 31 March 2024

7,136

12,578

134,194

153,908

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,878

235

Other debtors

49,675

53,864

64,553

54,099

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,610

4,311

Trade creditors

17,310

22,521

Taxation and social security

48,308

12,012

Other creditors

2,423

11,609

72,651

50,453

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

35,248

39,657