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Registered number: 07765148
Younique Plumbing Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Artema Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07765148
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,332 24,090
52,332 24,090
CURRENT ASSETS
Stocks 5 3,800 4,200
Debtors 6 221,085 230,860
Cash at bank and in hand 59,817 68,382
284,702 303,442
Creditors: Amounts Falling Due Within One Year 7 (71,675 ) (80,324 )
NET CURRENT ASSETS (LIABILITIES) 213,027 223,118
TOTAL ASSETS LESS CURRENT LIABILITIES 265,359 247,208
Creditors: Amounts Falling Due After More Than One Year 8 (2,651 ) (13,091 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,083 ) (6,022 )
NET ASSETS 249,625 228,095
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 249,525 227,995
SHAREHOLDERS' FUNDS 249,625 228,095
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Tim Reynolds
Director
13/10/2025
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
Younique Plumbing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07765148 . The registered office is Brooke House, Oakley Hill, Wimborne, Dorset, BH21 1RJ.
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 Reducing Balance 20%
Motor Vehicles Reducing Balance 25%
Fixtures & Fittings Reducing Balance 25%
Computer Equipment Reducing Balance 15%
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: )
4 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 2,338 36,183 150 2,550 41,221
Additions - 45,500 - - 45,500
As at 31 March 2025 2,338 81,683 150 2,550 86,721
Depreciation
As at 1 April 2024 1,690 13,912 40 1,489 17,131
Provided during the period 129 16,943 27 159 17,258
As at 31 March 2025 1,819 30,855 67 1,648 34,389
Net Book Value
As at 31 March 2025 519 50,828 83 902 52,332
As at 1 April 2024 648 22,271 110 1,061 24,090
5. Stocks
2025 2024
£ £
Materials 3,800 4,200
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,804 13,684
Prepayments and accrued income 725 1,294
Other debtors - 882
Intercompany loan 215,000 215,000
Other taxes and social security 556 -
221,085 230,860
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 13,765 18,725
Bank loans and overdrafts 10,440 10,183
Corporation tax 15,684 29,476
Other taxes and social security - 665
VAT 9,037 12,071
Net wages - 4,356
Credit card account 16,546 747
Credit card account 2 - Thomas 52 974
...CONTINUED
Page 4
Page 5
Net pension contributions 141 256
Accruals and deferred income 1,461 1,303
Director's loan account 4,549 1,568
71,675 80,324
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 2,651 13,091
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5