Fossil Heating and Plumbing Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11787691 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Fossil Heating and Plumbing Services

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C P Woodhouse

Mrs A L Woodhouse

REGISTERED OFFICE:

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

REGISTERED NUMBER:

11787691 (England and Wales)

ACCOUNTANTS:

Edward Milnes & Co

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

FIXED ASSETS

Intangible assets

4

4,694

5,868

Tangible assets

5

93,743

96,047

Investments

6

-

51

98,437

101,966

CURRENT ASSETS

Stocks

6,150

42,725

Debtors

7

51,212

49,177

Cash at bank

28,580

32,079

85,942

123,981

CREDITORS

Amounts falling due within one year

8

102,373

117,265

NET CURRENT (LIABILITIES)/ASSETS

(16,431

)

6,716

TOTAL ASSETS LESS CURRENT
LIABILITIES

82,006

108,682

CREDITORS

Amounts falling due after more than one
year

9

(69,738

)

(80,427

)

PROVISIONS FOR LIABILITIES

(11,918

)

(10,547

)

NET ASSETS

350

17,708

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

250

17,608

350

17,708

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 10 October 2025 and were signed on its behalf by:

C P Woodhouse - Director

1.	STATUTORY INFORMATION

Fossil Heating and Plumbing Services 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 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 6 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

11,738

AMORTISATION

At 1 February 2024

5,870

Charge for year

1,174

At 31 January 2025

7,044

NET BOOK VALUE

At 31 January 2025

4,694

At 31 January 2024

5,868

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 February 2024

-

22,027

1,128

Additions

7,408

8,011

281

Disposals

-

At 31 January 2025

7,408

30,038

1,409

DEPRECIATION

At 1 February 2024

-

13,721

718

Charge for year

-

3,578

144

Eliminated on disposal

-

At 31 January 2025

-

17,299

862

NET BOOK VALUE

At 31 January 2025

7,408

12,739

547

At 31 January 2024

-

8,306

410

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 February 2024

128,235

8,511

159,901

Additions

20,450

2,505

38,655

Disposals

(30,990

)

-

(30,990

)

At 31 January 2025

117,695

11,016

167,566

DEPRECIATION

At 1 February 2024

45,048

4,367

63,854

Charge for year

21,048

1,662

26,432

Eliminated on disposal

(16,463

)

-

(16,463

)

At 31 January 2025

49,633

6,029

73,823

NET BOOK VALUE

At 31 January 2025

68,062

4,987

93,743

At 31 January 2024

83,187

4,144

96,047

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

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 February 2024

91,319

-

91,319

Additions

-

2,160

Reclassification/transfer

-

720

At 31 January 2025

91,319

2,880

94,199

DEPRECIATION

At 1 February 2024

30,256

-

30,256

Charge for year

15,266

679

15,945

Reclassification/transfer

-

165

At 31 January 2025

45,522

844

46,366

NET BOOK VALUE

At 31 January 2025

45,797

2,036

47,833

At 31 January 2024

61,063

-

61,063

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

51

Impairments

(51

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

51

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

30,755

37,698

Amounts owed by group undertakings

10,322

9,639

Other debtors

5,000

-

Tax

2,810

-

Prepayments

2,325

1,840

51,212

49,177

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

3,081

Hire purchase contracts

9,868

8,679

Trade creditors

18,145

29,044

Capital On Tap

38,101

21,435

Tax

-

2,810

Social security and other taxes

2,321

1,300

VAT

11,604

13,810

Other creditors

828

875

Directors' current accounts

16,667

34,706

Accrued expenses

1,758

1,525

102,373

117,265

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Bank loans - 1-2 years

3,081

Bank loans - 2-5 years

9,242

Bank loans more 5 yr by instal

1,027

4,108

Hire purchase contracts

56,388

63,996

69,738

80,427

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,027

4,108

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £9,500 (2024 - £16,625) were paid to the directors .

During the year, the company purchased services from Fossil Electrical and Renewables Ltd, a company under the control of C P Woodhouse, totalling £17,067 (2024 - £15,706)..

Additionally, the company rented premises to Fossil Electrical and Renewables Ltd during the year. Rents received totalled £1,250 (2024 - 1,250l).

The company operates an interest free loan with Fossil Electrical and Renewables Ltd. At the year end, the company was owed £10,322 (2024 - £9,639). This is included within debtors on the balance sheet.

11.	CONTROLLING PARTY

The controlling party is C P Woodhouse.