Advanced Plumbing Systems Limited

Registered number

08303325

Filleted Accounts

31 March 2025

Advanced Plumbing Systems Limited
Registered number:		08303325
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		68,940			44,374

Current assets
Stocks		63,897			142,204
Debtors	4	457,806			219,376
Cash at bank and in hand		78,101			338,357
		599,804			699,937

Creditors: amounts falling due within one year	5	(31,776)			(111,455)

Net current assets			568,028			588,482

Total assets less current liabilities			636,968			632,856

Creditors: amounts falling due after more than one year	6		(2,500)			(12,500)



Net assets			634,468			620,356

Capital and reserves
Called up share capital			100			100
Profit and loss account			634,368			620,256

Shareholder's funds			634,468			620,356

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Courtney
Director
Approved by the board on 10 October 2025

Advanced Plumbing Systems Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Motor vehicles	25% reducing balance
	Fixtures, fittings, tools and equipment	15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	8,706		84,774		93,480
	Additions	5,324		37,240		42,564
	Disposals	-		(36,735)		(36,735)
	At 31 March 2025	14,030		85,279		99,309

	Depreciation
	At 1 April 2024	2,235		46,871		49,106
	Charge for the year	1,769		11,363		13,132
	On disposals	-		(31,869)		(31,869)
	At 31 March 2025	4,004		26,365		30,369

	Net book value
	At 31 March 2025	10,026		58,914		68,940
	At 31 March 2024	6,471		37,903		44,374


4	Debtors			2025		2024
£					£

	Trade debtors			117,491		38,377
	Other debtors			340,315		180,999
				457,806		219,376


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Accruals and def inc			2,540		2,465
	Bank loans and overdrafts			18,825		52,712
	Trade creditors			14,642		52,004
	Taxation and social security costs			(4,484)		4,196
	Other creditors			253		78
				31,776		111,455


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			2,500		12,500


7	Other information

	Advanced Plumbing Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Dairy
	Great Sir Hughes Farm
	Great Baddow
	Chelmsford, Essex
	CM2 7SZ