Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11987805 Mr Joe Chaney Mr Matthew Jarvis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11987805 2024-03-31 11987805 2025-03-31 11987805 2024-04-01 2025-03-31 11987805 frs-core:CurrentFinancialInstruments 2025-03-31 11987805 frs-core:Non-currentFinancialInstruments 2025-03-31 11987805 frs-core:BetweenOneFiveYears 2025-03-31 11987805 frs-core:ComputerEquipment 2025-03-31 11987805 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11987805 frs-core:ComputerEquipment 2024-03-31 11987805 frs-core:MotorVehicles 2025-03-31 11987805 frs-core:MotorVehicles 2024-04-01 2025-03-31 11987805 frs-core:MotorVehicles 2024-03-31 11987805 frs-core:WithinOneYear 2025-03-31 11987805 frs-core:ShareCapital 2025-03-31 11987805 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11987805 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11987805 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11987805 frs-bus:SmallEntities 2024-04-01 2025-03-31 11987805 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11987805 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11987805 frs-bus:Director1 2024-04-01 2025-03-31 11987805 frs-bus:Director2 2024-04-01 2025-03-31 11987805 frs-countries:EnglandWales 2024-04-01 2025-03-31 11987805 2023-03-31 11987805 2024-03-31 11987805 2023-04-01 2024-03-31 11987805 frs-core:CurrentFinancialInstruments 2024-03-31 11987805 frs-core:Non-currentFinancialInstruments 2024-03-31 11987805 frs-core:BetweenOneFiveYears 2024-03-31 11987805 frs-core:WithinOneYear 2024-03-31 11987805 frs-core:ShareCapital 2024-03-31 11987805 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11987805
Gas 1st Plumbing & Heating Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11987805
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,305 69,591
53,305 69,591
CURRENT ASSETS
Debtors 5 269,796 240,258
Cash at bank and in hand 30,459 106,018
300,255 346,276
Creditors: Amounts Falling Due Within One Year 6 (193,593 ) (97,702 )
NET CURRENT ASSETS (LIABILITIES) 106,662 248,574
TOTAL ASSETS LESS CURRENT LIABILITIES 159,967 318,165
Creditors: Amounts Falling Due After More Than One Year 7 (72,615 ) (91,090 )
NET ASSETS 87,352 227,075
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 87,350 227,073
SHAREHOLDERS' FUNDS 87,352 227,075
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Page 2
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
Mr Matthew Jarvis
Director
08/12/2025
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
Gas 1st Plumbing & Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11987805 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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:
Motor Vehicles 25% WDV
Computer Equipment 25% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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 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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 93,056 1,499 94,555
Additions - 1,482 1,482
As at 31 March 2025 93,056 2,981 96,037
Depreciation
As at 1 April 2024 24,361 603 24,964
Provided during the period 17,173 595 17,768
As at 31 March 2025 41,534 1,198 42,732
Net Book Value
As at 31 March 2025 51,522 1,783 53,305
As at 1 April 2024 68,695 896 69,591
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 265,373 235,763
Other debtors 4,423 4,495
269,796 240,258
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,601 9,602
Bank loans and overdrafts 10,000 11,123
Other creditors 4,643 24,838
Taxation and social security 169,349 52,139
193,593 97,702
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 62,618 72,216
Bank loans 9,997 18,874
72,615 91,090
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,601 9,602
Later than one year and not later than five years 62,618 72,216
72,219 81,818
72,219 81,818
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mr J Chaney totalling £586 (2024 - £135), no interest is to be charged.
Included in the Other Creditors is an amount owed to the company director Mr M Jarvis totalling £511 (2023 - £135), no interest is to be charged.
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