REGISTERED NUMBER: 12360457 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Allgood Drainage & Plumbing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R L Goodall

Mrs L M Goodall

REGISTERED OFFICE:

Mill Hill

Braegate Lane

Colton

Tadcaster

North Yorkshire

LS24 8EW

REGISTERED NUMBER:

12360457 (England and Wales)

ACCOUNTANTS:

Franks Accountants Limited

First Floor

Equinox 1

Audby Lane

Wetherby

West Yorkshire

LS22 7RD

FIXED ASSETS

Intangible assets

4

112,083

111,167

Tangible assets

5

446,783

144,758

558,866

255,925

CURRENT ASSETS

Stocks

30,000

30,000

Debtors

6

202,631

230,073

Cash at bank

78,367

40,864

310,998

300,937

CREDITORS

Amounts falling due within one year

7

406,586

380,909

NET CURRENT LIABILITIES

(95,588

)

(79,972

)

TOTAL ASSETS LESS CURRENT LIABILITIES

463,278

175,953

CREDITORS

Amounts falling due after more than one year

8

(343,427

)

(110,171

)

PROVISIONS FOR LIABILITIES

(111,696

)

(36,189

)

NET ASSETS

8,155

29,593

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,055

29,493

8,155

29,593

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 26 September 2025 and were signed on its behalf by:

R L Goodall - Director

1.	STATUTORY INFORMATION

Allgood Drainage & Plumbing 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 2020, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery etc

-

20% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

210,000

Additions

50,000

At 31 December 2024

260,000

AMORTISATION

At 1 January 2024

98,833

Charge for year

49,084

At 31 December 2024

147,917

NET BOOK VALUE

At 31 December 2024

112,083

At 31 December 2023

111,167

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

282,487

Additions

444,027

Disposals

(71,418

)

At 31 December 2024

655,096

DEPRECIATION

At 1 January 2024

137,729

Charge for year

105,011

Eliminated on disposal

(34,427

)

At 31 December 2024

208,313

NET BOOK VALUE

At 31 December 2024

446,783

At 31 December 2023

144,758

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

133,377

200,793

Amounts recoverable on contract

45,107

16,997

Other debtors

24,147

12,283

202,631

230,073

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

42,122

53,934

Hire purchase contracts

104,466

49,966

Trade creditors

39,450

35,621

Taxation and social security

56,517

71,849

Other creditors

164,031

169,539

406,586

380,909

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

54,741

76,337

Hire purchase contracts

288,686

33,834

343,427

110,171

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

96,863

130,271

Hire purchase contracts

393,152

83,800

490,015

214,071

The banking facilities are secured by a fixed and floating charge over all assets of the company.