Grice Plumbing & Heating Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 15410930

		31 January 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		118,202

			118,202
CURRENT ASSETS
Stocks	5	2,750
Debtors	6	108,998
Cash at bank and in hand		101,864

		213,612
Creditors: Amounts Falling Due Within One Year	7	(187,114 )

NET CURRENT ASSETS (LIABILITIES)			26,498

TOTAL ASSETS LESS CURRENT LIABILITIES			144,700

PROVISIONS FOR LIABILITIES
Deferred Taxation			(29,551 )

NET ASSETS			115,149

CAPITAL AND RESERVES
Called up share capital	8		200
Profit and Loss Account			114,949

SHAREHOLDERS' FUNDS			115,149

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Grice Plumbing & Heating Ltd

Balance Sheet (continued)

As At 31 January 2025

For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Anthony Grice

Director

3 October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Grice Plumbing & Heating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15410930 . The registered office is 38 Risley Lane, Breaston, Derby, DE72 3AU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	33% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 8

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Grice Plumbing & Heating Ltd

Notes to the Financial Statements (continued)

For the Period 14 January 2024 to 31 January 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 14 January 2024	-	-	-	-	-
Additions	16,055	4,652	103,900	4,261	128,868

As at 31 January 2025	16,055	4,652	103,900	4,261	128,868

Depreciation
As at 14 January 2024	-	-	-	-	-
Provided during the period	268	1,083	8,657	658	10,666

As at 31 January 2025	268	1,083	8,657	658	10,666

Net Book Value
As at 31 January 2025	15,787	3,569	95,243	3,603	118,202

As at 14 January 2024	-	-	-	-	-

5. Stocks

	31 January 2025
	£
Stock	2,750

6. Debtors

	31 January 2025
	£
Due within one year
Trade debtors	69,720
Other debtors	39,278

	108,998

7. Creditors: Amounts Falling Due Within One Year

	31 January 2025
	£
Trade creditors	152,471
Other creditors	158
Taxation and social security	34,485

	187,114

8. Share Capital

	31 January 2025
	£
Allotted, Called up and fully paid	200

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