REGISTERED NUMBER: 09045693 (England and Wales)

P Cardy Plumbing and Heating Limited

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P M Cardy

REGISTERED OFFICE:

Green Pastures

Main Road

Holmpton

East Yorkshire

HU19 2RB

REGISTERED NUMBER:

09045693 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Tangible assets

4

7,030

6,566

CURRENT ASSETS

Stocks

5

250

250

Debtors

6

185

3,639

Cash at bank

9,803

5,730

10,238

9,619

CREDITORS

Amounts falling due within one year

7

16,115

12,134

NET CURRENT LIABILITIES

(5,877

)

(2,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,153

4,051

CREDITORS

Amounts falling due after more than one year

8

(500

)

(3,500

)

PROVISIONS FOR LIABILITIES

(536

)

(447

)

NET ASSETS

117

104

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17

4

SHAREHOLDERS' FUNDS

117

104

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

Mr P M Cardy - Director

1.	STATUTORY INFORMATION

P Cardy Plumbing and Heating Limited 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.

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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation is calculated on Freehold Land. Depreciation on Freehold Buildings is calculated so as to write off the cost less the residual value over the useful economic life of the building to the business. The company's policy on the maintenance of buildings is such that the directors expect the residual values of the buildings to be equal to or greater than the cost.

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 Profit and Loss Account, 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

4,211

8,263

13,890

26,364

Additions

-

1,404

-

1,404

At 31 March 2025

4,211

9,667

13,890

27,768

DEPRECIATION

At 1 April 2024

-

7,299

12,499

19,798

Charge for year

-

592

348

940

At 31 March 2025

-

7,891

12,847

20,738

NET BOOK VALUE

At 31 March 2025

4,211

1,776

1,043

7,030

At 31 March 2024

4,211

964

1,391

6,566

5.

STOCKS

2025

2024

£

£

Stocks

250

250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

185

2,000

Directors' current accounts

-

1,338

Prepayments

-

301

185

3,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,000

3,000

Trade creditors

3,233

1,483

Tax

2,488

4,413

Social security and other taxes

628

2,000

Directors' current accounts

5,553

-

Accruals

1,213

1,238

16,115

12,134

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

500

3,500

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr P M Cardy

Balance outstanding at start of year

1,338

3,058

Amounts repaid

(1,338

)

(1,720

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,338