Richard Knight Plumbing & Heating Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07853788 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RICHARD KNIGHT PLUMBING & HEATING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R Knight

Mrs S Knight

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

Woodlands

Brickhill

Hook Norton

BANBURY

Oxfordshire

OX15 5QA

REGISTERED NUMBER:

07853788 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

279

-

CURRENT ASSETS

Stocks

10,121

6,214

Debtors

5

28,493

15,280

Cash at bank

4

10,802

38,618

32,296

CREDITORS

Amounts falling due within one year

6

38,744

30,963

NET CURRENT (LIABILITIES)/ASSETS

(126

)

1,333

TOTAL ASSETS LESS CURRENT
LIABILITIES

153

1,333

PROVISIONS FOR LIABILITIES

53

-

NET ASSETS

100

1,333

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

-

1,233

SHAREHOLDERS' FUNDS

100

1,333

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr R Knight - Director

1.	STATUTORY INFORMATION

Richard Knight 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.

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

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 represents net invoiced sales of services and materials, excluding value added tax.

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 January 2024

300

1,056

1,356

Additions

-

416

At 31 December 2024

300

1,472

1,772

DEPRECIATION

At 1 January 2024

300

1,056

1,356

Charge for year

-

137

At 31 December 2024

300

1,193

1,493

NET BOOK VALUE

At 31 December 2024

-

279

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

8,968

4,034

Other debtors

-

535

Social security & other taxes

2,883

5,834

Directors' current accounts

13,797

-

VAT

2,845

4,877

28,493

15,280

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

4,467

-

Trade creditors

21,577

13,202

Tax

6,295

12,419

Social security and other taxes

232

222

Other creditors

3,338

2,581

Directors' current accounts

-

34

Accrued expenses

2,835

2,505

38,744

30,963

7.	LEASING AGREEMENTS

Total future lease commitments payable under non-cancellable operating leases amount to £12,174 (2023 : £24,625).

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by virtue of their shareholdings.