REGISTERED NUMBER: 02477260 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

1ST ABOUT PLUMBING & CARPENTRY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Carter

SECRETARY:

Mrs T Carter

REGISTERED OFFICE:

Chapter House

26b Chapter Road

Strood

Rochester

Kent

ME2 3PX

REGISTERED NUMBER:

02477260 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership Limited

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

475,345

468,362

CURRENT ASSETS

Stocks

4,600

3,152

Debtors

5

441,515

616,051

Cash at bank

759,301

360,198

1,205,416

979,401

CREDITORS

Amounts falling due within one year

6

308,051

274,648

NET CURRENT ASSETS

897,365

704,753

TOTAL ASSETS LESS CURRENT LIABILITIES

1,372,710

1,173,115

CREDITORS

Amounts falling due after more than one year

7

(117,110

)

(94,077

)

PROVISIONS FOR LIABILITIES

(83,839

)

(73,744

)

NET ASSETS

1,171,761

1,005,294

CAPITAL AND RESERVES

Called up share capital

8

50

50

Retained earnings

9

1,171,711

1,005,244

SHAREHOLDERS' FUNDS

1,171,761

1,005,294

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 October 2025 and were signed by:

A Carter - Director

1.	STATUTORY INFORMATION

1st About Plumbing & Carpentry 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% per annum on cost

Plant and machinery

-

25% per annum on reducing balance

Fixtures, fittings and office equipment

-

25% per annum on reducing balance

Motor vehicles

-

25% per annum on reducing balance

Computer equipment

-

25% per annum on 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.

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.

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 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

Freehold

Plant and

office

property

machinery

equipment

£

£

£

COST

At 1 June 2024

138,414

127,422

22,982

Additions

-

26,686

3,125

Disposals

-

-

-

At 31 May 2025

138,414

154,108

26,107

DEPRECIATION

At 1 June 2024

13,322

68,737

22,587

Charge for year

2,769

17,126

230

Eliminated on disposal

-

-

-

At 31 May 2025

16,091

85,863

22,817

NET BOOK VALUE

At 31 May 2025

122,323

68,245

3,290

At 31 May 2024

125,092

58,685

395

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

489,881

60,155

838,854

Additions

94,718

4,569

129,098

Disposals

(54,116

)

-

(54,116

)

At 31 May 2025

530,483

64,724

913,836

DEPRECIATION

At 1 June 2024

222,135

43,711

370,492

Charge for year

79,292

4,624

104,041

Eliminated on disposal

(36,042

)

-

(36,042

)

At 31 May 2025

265,385

48,335

438,491

NET BOOK VALUE

At 31 May 2025

265,098

16,389

475,345

At 31 May 2024

267,746

16,444

468,362

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

Motor

vehicles

£

COST

At 1 June 2024

167,106

Additions

94,718

Disposals

(54,116

)

At 31 May 2025

207,708

DEPRECIATION

At 1 June 2024

42,355

Charge for year

43,543

Eliminated on disposal

(36,042

)

At 31 May 2025

49,856

NET BOOK VALUE

At 31 May 2025

157,852

At 31 May 2024

124,751

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

311,361

451,790

Other debtors

130,154

164,261

441,515

616,051

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

39,661

27,356

Trade creditors

78,981

32,654

Taxation and social security

153,387

181,772

Other creditors

36,022

32,866

308,051

274,648

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

76,171

44,323

Other creditors

40,939

49,754

117,110

94,077

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary

£1

10

90

10

A Ordinary

£1

10

(10

)

10

B Ordinary

£1

10

(10

)

10

C Ordinary

£1

10

(10

)

10

D Ordinary

£1

10

(10

)

50

50

9.

RESERVES

Retained

earnings

£

At 1 June 2024

1,005,244

Profit for the year

288,667

Dividends

(122,200

)

At 31 May 2025

1,171,711

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director Mr A Carter was owed £6,149 by the company (2024: £15)