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Registered number: 11509692
Sykes Plumbing & Heating Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
McLen & Co Accountancy Ltd
AAT
19 Jolly Avenue
Waverley
Rotherham
South Yorkshire
S60 8BF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11509692
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,355 37,676
29,355 37,676
CURRENT ASSETS
Cash at bank and in hand 44,657 26,399
44,657 26,399
Creditors: Amounts Falling Due Within One Year 6 (49,978 ) (45,296 )
NET CURRENT ASSETS (LIABILITIES) (5,321 ) (18,897 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,034 18,779
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,415 ) (6,415 )
NET ASSETS 17,619 12,364
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 17,617 12,362
SHAREHOLDERS' FUNDS 17,619 12,364
Page 1
Page 2
For the year ending 31 August 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
Mr Liam Sykes
Director
02/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sykes Plumbing & Heating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11509692 . The registered office is Ivy House, Top Lane, Kirk Bramwith, Doncaster, DN7 5SW.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. 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 year 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.
...CONTINUED
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2.4. Taxation - continued
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 2,185 63,380 412 65,977
Additions - - 1,642 1,642
As at 31 August 2025 2,185 63,380 2,054 67,619
Depreciation
As at 1 September 2024 2,074 25,865 362 28,301
Provided during the period 37 9,379 547 9,963
As at 31 August 2025 2,111 35,244 909 38,264
Net Book Value
As at 31 August 2025 74 28,136 1,145 29,355
As at 1 September 2024 111 37,515 50 37,676
5. Debtors
2025 2024
£ £
Due within one year
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1
Corporation tax 8,198 1,304
Other taxes and social security 1,060 218
VAT 2,158 2,292
Other creditors 9,890 -
Accruals and deferred income 600 600
Directors' loan accounts 28,072 40,881
49,978 45,296
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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