IRIS Accounts Production v25.3.0.601 SC367112 director 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC367112 2024-03-31 SC367112 2025-03-31 SC367112 2024-04-01 2025-03-31 SC367112 2023-03-31 SC367112 2023-04-01 2024-03-31 SC367112 2024-03-31 SC367112 ns15:Scotland 2024-04-01 2025-03-31 SC367112 ns14:PoundSterling 2024-04-01 2025-03-31 SC367112 ns10:Director1 2024-04-01 2025-03-31 SC367112 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC367112 ns10:SmallEntities 2024-04-01 2025-03-31 SC367112 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC367112 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC367112 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC367112 ns10:FullAccounts 2024-04-01 2025-03-31 SC367112 1 2024-04-01 2025-03-31 SC367112 ns10:CompanySecretary1 2024-04-01 2025-03-31 SC367112 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC367112 ns5:CurrentFinancialInstruments 2025-03-31 SC367112 ns5:CurrentFinancialInstruments 2024-03-31 SC367112 ns5:ShareCapital 2025-03-31 SC367112 ns5:ShareCapital 2024-03-31 SC367112 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC367112 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC367112 ns5:NetGoodwill 2024-04-01 2025-03-31 SC367112 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 SC367112 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 SC367112 ns5:PlantMachinery 2024-04-01 2025-03-31 SC367112 ns5:MotorVehicles 2024-04-01 2025-03-31 SC367112 ns5:NetGoodwill 2024-03-31 SC367112 ns5:NetGoodwill 2025-03-31 SC367112 ns5:NetGoodwill 2024-03-31 SC367112 ns5:LandBuildings 2024-03-31 SC367112 ns5:PlantMachinery 2024-03-31 SC367112 ns5:MotorVehicles 2024-03-31 SC367112 ns5:LandBuildings 2024-04-01 2025-03-31 SC367112 ns5:LandBuildings 2025-03-31 SC367112 ns5:PlantMachinery 2025-03-31 SC367112 ns5:MotorVehicles 2025-03-31 SC367112 ns5:LandBuildings 2024-03-31 SC367112 ns5:PlantMachinery 2024-03-31 SC367112 ns5:MotorVehicles 2024-03-31 SC367112 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC367112 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC367112 ns5:AcceleratedTaxDepreciationDeferredTax 2025-03-31 SC367112 ns5:AcceleratedTaxDepreciationDeferredTax 2024-03-31 SC367112 ns5:DeferredTaxation 2024-03-31 SC367112 ns5:DeferredTaxation 2024-04-01 2025-03-31 SC367112 ns5:DeferredTaxation 2025-03-31

REGISTERED NUMBER: SC367112 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| M. HORSBURGH PLUMBING AND HEATING |

| SERVICES LTD. |

M. HORSBURGH PLUMBING AND HEATING

SERVICES LTD. (REGISTERED NUMBER: SC367112)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

M. HORSBURGH PLUMBING AND HEATING

SERVICES LTD.

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTOR: | M Horsburgh

| SECRETARY: | M Horsburgh

| REGISTERED OFFICE: | 14 Stoneyhill Grove

| Musselburgh

| East Lothian

| EH21 6SE

| REGISTERED NUMBER: | SC367112 (Scotland)

| ACCOUNTANTS: | Haines Watts

| Business Advisors and Accountants

| Q Court

| 3 Quality Street

| Edinburgh

| EH4 5BP

M. HORSBURGH PLUMBING AND HEATING

SERVICES LTD. (REGISTERED NUMBER: SC367112)

BALANCE SHEET

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 10,576 |  | 15,816 |  |

10,576 |  | 15,816 |  |

CURRENT ASSETS

Stocks | 5,600 |  | 6,540 |  |

Debtors | 6 | 7,274 |  | 8,464 |  |

Cash at bank | 142,774 |  | 152,357 |  |

155,648 |  | 167,361 |  |

CREDITORS

Amounts falling due within one year | 7 | (19,250 | ) | (14,269 | ) |

NET CURRENT ASSETS | 136,398 |  | 153,092 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 146,974 |  | 168,908 |  |

PROVISIONS FOR LIABILITIES | 8 | (2,115 | ) | (3,163 | ) |

NET ASSETS | 144,859 |  | 165,745 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 144,858 |  | 165,744 |  |

SHAREHOLDERS' FUNDS | 144,859 |  | 165,745 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M. HORSBURGH PLUMBING AND HEATING

SERVICES LTD. (REGISTERED NUMBER: SC367112)

BALANCE SHEET - continued

31 March 2025

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 director and authorised for issue on 3 November 2025 and were signed by:

M Horsburgh - Director

M. HORSBURGH PLUMBING AND HEATING

SERVICES LTD. (REGISTERED NUMBER: SC367112)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| M. Horsburgh Plumbing and Heating Services Ltd. is a private company, limited by shares , registered in Scotland. 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, excluding discounts, rebates, value added tax and other sales tax in relation to plumbing and heating services, adjusted for amounts recoverable on contracts.

| GOODWILL

| Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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 the cost less estimated residual value of each asset over its estimated useful life.

| Heritable property | - | 2% per annum on cost

| Plant and machinery | - | 20% per annum on cost

| Motor vehicles | - | 20% per annum on cost

| The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

| 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 items.

M. HORSBURGH PLUMBING AND HEATING

SERVICES LTD. (REGISTERED NUMBER: SC367112)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| FINANCIAL INSTRUMENTS

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

| Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| 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.

| 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 1 (2024 - 1 ) .

M. HORSBURGH PLUMBING AND HEATING

SERVICES LTD. (REGISTERED NUMBER: SC367112)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 20,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 20,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Heritable |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 750 |  | 3,330 |  | 26,125 |  | 30,205 |  |

| DEPRECIATION

| At 1 April 2024 | 165 |  | 3,330 |  | 10,894 |  | 14,389 |  |

| Charge for year | 15 |  | - |  | 5,225 |  | 5,240 |  |

| At 31 March 2025 | 180 |  | 3,330 |  | 16,119 |  | 19,629 |  |

| NET BOOK VALUE

| At 31 March 2025 | 570 |  | - |  | 10,006 |  | 10,576 |  |

| At 31 March 2024 | 585 |  | - |  | 15,231 |  | 15,816 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 6,965 |  | - |  |

| Amounts recoverable on

| contracts | - |  | 7,643 |  |

| Other debtors | 309 |  | 821 |  |

7,274 |  | 8,464 |  |

M. HORSBURGH PLUMBING AND HEATING

SERVICES LTD. (REGISTERED NUMBER: SC367112)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 10,642 |  | 5,552 |  |

| Taxation and social security | 5,330 |  | 5,423 |  |

| Other creditors | 3,278 |  | 3,294 |  |

19,250 |  | 14,269 |  |

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 2,115 |  | 3,163 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 3,163 |  |

| Provided during year | (1,048 | ) |

| Balance at 31 March 2025 | 2,115 |  |

9. | RELATED PARTY DISCLOSURES

| Included in "Other creditors" is an amount of £617 (2024- £715) due to the director from the company. The loan is interest-free and has no fixed repayment terms.