Gaslines Plumbing and Heating Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 8345219

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,985		11,635

			8,985		11,635
CURRENT ASSETS
Stocks	5	11,000		10,500
Debtors	6	20,500		20,000
Cash at bank and in hand		3,088		-

		34,588		30,500
Creditors: Amounts Falling Due Within One Year	7	(51,429 )		(13,887 )

NET CURRENT ASSETS (LIABILITIES)			(16,841 )		16,613

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,856 )		28,248

Creditors: Amounts Falling Due After More Than One Year	8		(9,149 )		(11,204 )

NET (LIABILITIES)/ASSETS			(17,005 )		17,044

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(17,105 )		16,944

SHAREHOLDERS' FUNDS			(17,005)		17,044

Page 1

Page 2

Gaslines Plumbing and Heating Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 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 Kenneth Milnes

Director

30/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Gaslines Plumbing and Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8345219 . The registered office is 54 White Lee Road, Batley, West Yorkshire, WF17 8AD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost basis and in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The accounts have been prepared on a going concern basis as written agreement from a third party creditor has been received confirming that repayment of this balance will not be sought until all other debts have been satisfied in full.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	25% reducing balance
Motor Vehicles	25% reducing balance

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

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 February 2024	15,896	23,696	39,592

As at 31 January 2025	15,896	23,696	39,592

Depreciation
As at 1 February 2024	15,199	12,758	27,957
Provided during the period	150	2,500	2,650

As at 31 January 2025	15,349	15,258	30,607

Net Book Value
As at 31 January 2025	547	8,438	8,985

As at 1 February 2024	697	10,938	11,635

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Page 4

Gaslines Plumbing and Heating Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

5. Stocks

	2025	2024
	£	£
Materials	11,000	10,500

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,500	20,000

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,297	-
Bank loans and overdrafts	4,498	9,997
Other taxes and social security	625	-
VAT	2,720	2,906
Other creditors	32,000	-
Director's loan account	1,289	984

	51,429	13,887

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	9,149	11,204

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100