Derbyshire Plumbing And Heating Services - Accounts to registrar (filleted)

DERBYSHIRE PLUMBING AND HEATING SERVICES

LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J L Ritchie

J D A Ritchie

REGISTERED OFFICE:

Nether Hall

Hallmoor Road

Two Dales

Matlock

Derbyshire

DE4 2QQ

REGISTERED NUMBER:

08850021 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Intangible assets

4

1,746

-

Tangible assets

5

18,455

19,656

20,201

19,656

CURRENT ASSETS

Stocks

1,000

502

Debtors

6

10,642

5,495

Cash at bank

18,339

19,262

29,981

25,259

CREDITORS

Amounts falling due within one year

7

29,358

18,386

NET CURRENT ASSETS

623

6,873

TOTAL ASSETS LESS CURRENT LIABILITIES

20,824

26,529

CREDITORS

Amounts falling due after more than one
year

8

(10,287

)

(16,881

)

PROVISIONS FOR LIABILITIES

10

(3,500

)

-

NET ASSETS

7,037

9,648

CAPITAL AND RESERVES

Called up share capital

11

1

Retained earnings

7,036

9,647

SHAREHOLDERS' FUNDS

7,037

9,648

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 Statement of Income and Retained Earnings 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:

J D A Ritchie - Director

1.	STATUTORY INFORMATION

Derbyshire Plumbing And Heating Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

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 Statement of Income and Retained Earnings, 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

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

1,995

At 31 January 2025

1,995

AMORTISATION

Amortisation for year

249

At 31 January 2025

249

NET BOOK VALUE

At 31 January 2025

1,746

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 February 2024

2,881

34,664

37,545

Additions

-

3,950

At 31 January 2025

2,881

38,614

41,495

DEPRECIATION

At 1 February 2024

1,861

16,028

17,889

Charge for year

204

4,947

5,151

At 31 January 2025

2,065

20,975

23,040

NET BOOK VALUE

At 31 January 2025

816

17,639

18,455

At 31 January 2024

1,020

18,636

19,656

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

5,810

4,373

Other debtors

4,832

1,122

10,642

5,495

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

2,529

Hire purchase contracts

4,067

Trade creditors

5,384

4,264

Taxation and social security

15,414

6,384

Other creditors

1,964

1,142

29,358

18,386

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

2,154

4,682

Hire purchase contracts

8,133

12,199

10,287

16,881

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

12,200

16,266

Assets financed under hire purchase agreements are secured on the individual assets concerned.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

3,500

-

Deferred

tax

£

Provided during year

3,500

Balance at 31 January 2025

3,500

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

Ordinary

£1

1