G & S Plumbing & Heating Engineers Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of G & S Plumbing & Heating Engineers Ltd For The Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of G & S Plumbing & Heating Engineers Ltd For The Year Ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of G & S Plumbing & Heating Engineers Ltd , as a body, in accordance with the terms of our engagement letter dated 02 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of G & S Plumbing & Heating Engineers Ltd and state those matters that we have agreed to state to the directors of G & S Plumbing & Heating Engineers Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & S Plumbing & Heating Engineers Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that G & S Plumbing & Heating Engineers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of G & S Plumbing & Heating Engineers Ltd . You consider that G & S Plumbing & Heating Engineers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of G & S Plumbing & Heating Engineers Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

3rd December 2025

Hub Accountants Limited

Chartered Accountants

Innovation House

Wincombe Lane

Shaftesbury

Dorset

SP7 8FG

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G & S Plumbing & Heating Engineers Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 04968332

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,150		2,819

			2,150		2,819
CURRENT ASSETS
Stocks	6	1,200		1,200
Debtors	7	3,251		1,915
Cash at bank and in hand		109,571		84,058

		114,022		87,173
Creditors: Amounts Falling Due Within One Year	8	(16,795 )		(9,834 )

NET CURRENT ASSETS (LIABILITIES)			97,227		77,339

TOTAL ASSETS LESS CURRENT LIABILITIES			99,377		80,158

PROVISIONS FOR LIABILITIES
Provisions For Charges			-		(550 )

NET ASSETS			99,377		79,608

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			99,277		79,508

SHAREHOLDERS' FUNDS			99,377		79,608

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G & S Plumbing & Heating Engineers Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 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

Mrs Annette Charlton

Director

3rd December 2025

The notes on pages 4 to 7 form part of these financial statements.

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G & S Plumbing & Heating Engineers Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

G & S Plumbing & Heating Engineers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04968332 . The registered office is Innovation House, Wincombe Lane, Shaftesbury , SP7 8FG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 15 years. All goodwill has now been fully amortised.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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	20% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.5. 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.

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G & S Plumbing & Heating Engineers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	60,000

As at 31 March 2025	60,000

Amortisation
As at 1 April 2024	60,000

As at 31 March 2025	60,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

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G & S Plumbing & Heating Engineers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	3,718	15,704	19,422

As at 31 March 2025	3,718	15,704	19,422

Depreciation
As at 1 April 2024	2,995	13,608	16,603
Provided during the period	145	524	669

As at 31 March 2025	3,140	14,132	17,272

Net Book Value
As at 31 March 2025	578	1,572	2,150

As at 1 April 2024	723	2,096	2,819

6. Stocks

	2025	2024
	£	£
Stock	1,200	1,200

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,609	-
Other debtors	1,642	1,915

	3,251	1,915

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,871	-
Other creditors	1,896	2,934
Taxation and social security	12,028	6,900

	16,795	9,834

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G & S Plumbing & Heating Engineers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

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

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