Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 05007466 Mrs Vikki Poole Mr Richard Poole Mrs Vikki Poole iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05007466 2024-01-31 05007466 2025-01-31 05007466 2024-02-01 2025-01-31 05007466 frs-core:CurrentFinancialInstruments 2025-01-31 05007466 frs-core:ComputerEquipment 2025-01-31 05007466 frs-core:ComputerEquipment 2024-02-01 2025-01-31 05007466 frs-core:ComputerEquipment 2024-01-31 05007466 frs-core:MotorVehicles 2025-01-31 05007466 frs-core:MotorVehicles 2024-02-01 2025-01-31 05007466 frs-core:MotorVehicles 2024-01-31 05007466 frs-core:PlantMachinery 2025-01-31 05007466 frs-core:PlantMachinery 2024-02-01 2025-01-31 05007466 frs-core:PlantMachinery 2024-01-31 05007466 frs-core:ShareCapital 2025-01-31 05007466 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 05007466 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05007466 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 05007466 frs-bus:SmallEntities 2024-02-01 2025-01-31 05007466 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 05007466 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05007466 frs-bus:Director1 2024-02-01 2025-01-31 05007466 frs-bus:Director2 2024-02-01 2025-01-31 05007466 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 05007466 frs-countries:EnglandWales 2024-02-01 2025-01-31 05007466 2023-01-31 05007466 2024-01-31 05007466 2023-02-01 2024-01-31 05007466 frs-core:CurrentFinancialInstruments 2024-01-31 05007466 frs-core:ShareCapital 2024-01-31 05007466 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 05007466
Richard Poole Plumbing And Heating Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05007466
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,687 30,901
26,687 30,901
CURRENT ASSETS
Stocks 5 42,563 67,508
Debtors 6 186,789 68,022
Cash at bank and in hand 95,922 93,459
325,274 228,989
Creditors: Amounts Falling Due Within One Year 7 (124,369 ) (93,085 )
NET CURRENT ASSETS (LIABILITIES) 200,905 135,904
TOTAL ASSETS LESS CURRENT LIABILITIES 227,592 166,805
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,759 ) -
NET ASSETS 221,833 166,805
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 221,733 166,705
SHAREHOLDERS' FUNDS 221,833 166,805
Page 1
Page 2
For the year 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 Richard Poole
Director
02/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Richard Poole Plumbing And Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05007466 . The registered office is 2 Aston, Wem, Shropshire, SY4 5JQ.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Plant & Machinery 15% RB
Motor Vehicles 20% RB
Computer Equipment 33% SL
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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 10,158 53,519 571 64,248
Additions 1,308 - 678 1,986
As at 31 January 2025 11,466 53,519 1,249 66,234
Depreciation
As at 1 February 2024 6,042 26,734 571 33,347
Provided during the period 617 5,357 226 6,200
As at 31 January 2025 6,659 32,091 797 39,547
Net Book Value
As at 31 January 2025 4,807 21,428 452 26,687
As at 1 February 2024 4,116 26,785 - 30,901
5. Stocks
2025 2024
£ £
Stock 42,563 67,508
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 181,110 64,953
Prepayments and accrued income 2,196 2,174
Other debtors 2,152 76
Other taxes and social security 1,052 450
Net wages 279 369
186,789 68,022
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,316 24,537
Corporation tax 35,369 14,147
VAT 26,857 7,125
Other creditors 25,194 12,549
Accruals and deferred income 4,750 5,784
Directors' loan accounts 12,883 28,943
124,369 93,085
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5