Virtue Heating And Plumbing Ltd - Accounts to registrar (filleted)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Virtue Heating And Plumbing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S K Branton

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

09202863 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

41,517

48,843

CURRENT ASSETS

Debtors

5

230,747

202,794

Cash at bank

25,738

10,448

256,485

213,242

CREDITORS

Amounts falling due within one year

6

132,377

55,384

NET CURRENT ASSETS

124,108

157,858

TOTAL ASSETS LESS CURRENT
LIABILITIES

165,625

206,701

CREDITORS

Amounts falling due after more than one year

7

59,597

96,612

NET ASSETS

106,028

110,089

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

105,928

109,989

SHAREHOLDERS' FUNDS

106,028

110,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

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

S K Branton - Director

1.	STATUTORY INFORMATION

Virtue Heating And Plumbing Ltd 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.

Revenue is recognised when the company fulfils its contractual obligation to customers by supplying goods or services.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

58,190

DEPRECIATION

At 1 January 2024

9,347

Charge for year

7,326

At 31 December 2024

16,673

NET BOOK VALUE

At 31 December 2024

41,517

At 31 December 2023

48,843

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

58,190

DEPRECIATION

At 1 January 2024

9,347

Charge for year

7,326

At 31 December 2024

16,673

NET BOOK VALUE

At 31 December 2024

41,517

At 31 December 2023

48,843

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

5,036

6,163

Other debtors

213,077

146,727

VAT

12,315

15,892

Prepayments and accrued income

319

34,012

230,747

202,794

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

26,833

Hire purchase contracts (see note 8)

11,887

Trade creditors

73,162

23,190

Tax

6,280

3,020

Social security and other taxes

(6,028

)

(13,028

)

Other creditors

17,352

441

Directors' current accounts

41

191

Accrued expenses

2,850

132,377

55,384

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

26,833

Bank loans - 2-5 years

22,924

49,370

Hire purchase contracts (see note 8)

9,840

20,409

59,597

96,612

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

Net obligations repayable:

Within one year

11,887

Between one and five years

9,840

20,409

21,727

32,296

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S K Branton.