Registered number
06441494
Richmond Heating & Plumbing Ltd
Filleted Accounts
31 December 2024
Richmond Heating & Plumbing Ltd
Registered number: 06441494
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,226 31,701
26,226 31,701
Current assets
Stocks 300 2,000
Debtors 4 321,370 319,124
Cash at bank and in hand 6,190 23,746
327,860 344,870
Creditors: amounts falling due within one year 5 (190,784) (223,557)
Net current assets 137,076 121,313
Total assets less current liabilities 163,302 153,014
Creditors: amounts falling due after more than one year 6 (5,035) (17,117)
Provisions for liabilities (7,250) (7,250)
Net assets 151,017 128,647
Capital and reserves
Called up share capital 100 100
Profit and loss account 150,917 128,547
Shareholder's funds 151,017 128,647
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Plant
Director
Approved by the board on 25 September 2025
Richmond Heating & Plumbing Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Fixtures/fittings 15% reducing balance
Computer equipment 33% on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixtures, fittings and computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 8,186 4,556 68,394 81,136
Additions - - - -
Surplus on revaluation - - - -
Disposals - - (15,030) (15,030)
At 31 December 2024 8,186 4,556 53,364 66,106
Depreciation
At 1 January 2024 5,831 3,478 40,126 49,435
Charge for the year 875 162 3,310 4,347
Surplus on revaluation - - - -
On disposals - - (13,902) (13,902)
At 31 December 2024 6,706 3,640 29,534 39,880
Net book value
At 31 December 2024 1,480 916 23,830 26,226
At 31 December 2023 2,355 1,078 28,268 31,701
4 Debtors 2024 2023
£ £
Trade debtors 5,693 23,093
Amounts owed by group undertakings and undertakings in which the company has a participating interest 19,646 -
Other debtors 296,031 296,031
321,370 319,124
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 24,155 24,505
Obligations under finance lease and hire purchase contracts 12,083 12,083
Trade creditors 32,574 46,222
Accrued expenses 1,500 5,597
Taxation and social security costs 6,410 28,791
Other creditors 114,062 106,359
190,784 223,557
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,035 17,117
5,035 17,117
7 Controlling party
The company is controlled by the Director.
8 Other information
Richmond Heating & Plumbing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF
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