REGISTERED NUMBER: 01188603 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

PLUMBRIDGE CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Bradley

G Bradley

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

01188603 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

147,170

65,838

CURRENT ASSETS

Stocks

40,000

40,000

Debtors

5

370,832

244,265

Cash at bank

272,153

163,570

682,985

447,835

CREDITORS

Amounts falling due within one year

6

(184,688

)

(90,285

)

NET CURRENT ASSETS

498,297

357,550

TOTAL ASSETS LESS CURRENT LIABILITIES

645,467

423,388

CREDITORS

Amounts falling due after more than one year

7

(14,258

)

(22,843

)

PROVISIONS FOR LIABILITIES

8

(36,793

)

(15,997

)

NET ASSETS

594,416

384,548

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

594,316

384,448

SHAREHOLDERS' FUNDS

594,416

384,548

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 30 September 2025 and were signed on its behalf by:

J Bradley - Director

1.	STATUTORY INFORMATION

Plumbridge Contractors 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.	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 the fair value of consideration received or receivable net of VAT and trade discounts. Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Freehold property

-

10% on cost

Plant & machinery

-

10% on cost

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% 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.

Financial instruments

Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 plan for its employees. A defined contribution plan is a pension

plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

327,035

3,267

123,925

3,367

457,594

Additions

39,540

3,691

83,036

-

126,267

Disposals

-

-

(30,750

)

-

(30,750

)

At 31 December 2024

366,575

6,958

176,211

3,367

553,111

DEPRECIATION

At 1 January 2024

324,916

411

65,089

1,340

391,756

Charge for year

717

1,637

33,466

1,111

36,931

Eliminated on disposal

-

-

(22,746

)

-

(22,746

)

At 31 December 2024

325,633

2,048

75,809

2,451

405,941

NET BOOK VALUE

At 31 December 2024

40,942

4,910

100,402

916

147,170

At 31 December 2023

2,119

2,856

58,836

2,027

65,838

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

78,485

Additions

38,291

Transfer to ownership

(25,995

)

At 31 December 2024

90,781

DEPRECIATION

At 1 January 2024

23,999

Charge for year

23,194

Transfer to ownership

(15,539

)

At 31 December 2024

31,654

NET BOOK VALUE

At 31 December 2024

59,127

At 31 December 2023

54,486

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

340,569

200,557

Other debtors

30,263

43,708

370,832

244,265

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

5,000

Hire purchase contracts

14,978

16,217

Trade creditors

67,991

34,736

Taxation and social security

72,096

28,817

Other creditors

29,623

5,515

184,688

90,285

The bank overdraft is secured by a debenture in favour of Barclays Bank plc delivered on 26 August 1992. There are fixed and floating charges over the undertaking and all property and assets present and future.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

7,500

Hire purchase contracts

14,258

15,343

14,258

22,843

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

36,793

15,997

Deferred tax

£

Balance at 1 January 2024

15,997

Accelerated capital allowances

20,796

Balance at 31 December 2024

36,793

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period under review key management personnel were advanced £10,964 and repaid £5,609 to the company. At the balance sheet date key management personnel owed the company £9,871 (2023: £4,516). Interest of £Nil (2023: £327) was charged at HMRC's official interest rates of 2% and 2.25%. The loans are repayable on demand.