Contents of the Financial Statements

for the Period Ended 31 January 2025

Profit And Loss Account

for the Period Ended 31 January 2025

Balance sheet

As at 31 January 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 January 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Turnover represents the fair value of services provided during the year, excluding Value Added Tax. Revenue from plumbing services and related works is recognised when the service has been completed and the company has an unconditional right to receive payment. Income from the supply of materials is recognised at the point of delivery to the customer. All income is measured at the transaction price received or receivable, net of discounts and rebates.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation and any impairment losses. Depreciation is provided to write off the cost of tangible fixed assets, less estimated residual value, on a straight-line basis over their estimated useful lives as follows: Motor Vehicles: 25% per annum Office Equipment: 25% per annum Assets costing less than £500 are written off in full in the year of acquisition

  Valuation information and policy

  Tangible fixed assets are stated at cost less accumulated depreciation. Debtors are included at the amount expected to be received. Cash at bank and in hand is stated at its nominal value. Creditors are included at the amount payable.

  Other accounting policies

  Turnover – Revenue recognised when services are delivered and payment is due. Tangible fixed assets – Stated at cost less depreciation. Depreciation – Motor vehicles & office equipment depreciated on a straight-line basis at 25% per annum. Valuation of assets/liabilities – Debtors at expected receivable, creditors at payable, cash at nominal value. Taxation – Corporation tax on taxable profits, deferred tax on timing differences. Dividends – Recognised when declared and approved.

Notes to the Financial Statements

for the Period Ended 31 January 2025

• 2. Employees

  	2025
  Average number of employees during the period	1