REGISTERED NUMBER: 05402724 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Gregory Plumbing & Heating Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W S Gregory

Mrs A G Gregory

SECRETARY:

W D Gregory

REGISTERED OFFICE:

Unit 6 Reynolds Park

Bell Close

Plymouth

Devon

PL7 4FE

REGISTERED NUMBER:

05402724 (England and Wales)

ACCOUNTANTS:

Sheppards Accountants Limited

22 The Square

The Millfields

Plymouth

Devon

PL1 3JX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

212,656

220,375

212,656

220,375

CURRENT ASSETS

Stocks

19,995

19,895

Debtors

6

61,270

67,897

Cash at bank and in hand

64,193

63,981

145,458

151,773

CREDITORS

Amounts falling due within one year

7

209,037

185,158

NET CURRENT LIABILITIES

(63,579

)

(33,385

)

TOTAL ASSETS LESS CURRENT LIABILITIES

149,077

186,990

CREDITORS

Amounts falling due after more than one year

8

87,298

112,784

NET ASSETS

61,779

74,206

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

61,777

74,204

SHAREHOLDERS' FUNDS

61,779

74,206

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

W S Gregory - Director

1.	STATUTORY INFORMATION

Gregory Plumbing & 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of labour and goods falling within the company's ordinary activities. Turnover is recognised at the point of invoice.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33.3% Straight Line

Motor vehicles

-

25% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the sale value of work done, yet to be invoiced.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in 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 constant periodic rates of charge on the net obligations outstanding in each period.

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 10 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

31,000

AMORTISATION

At 1 April 2024

and 31 March 2025

31,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

5,000

195,831

166,373

Additions

-

-

1,981

Disposals

-

-

(23,772

)

At 31 March 2025

5,000

195,831

144,582

DEPRECIATION

At 1 April 2024

617

6,000

140,858

Charge for year

100

2,000

6,685

Eliminated on disposal

-

-

(23,018

)

At 31 March 2025

717

8,000

124,525

NET BOOK VALUE

At 31 March 2025

4,283

187,831

20,057

At 31 March 2024

4,383

189,831

25,515

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

8,789

5,297

381,290

Additions

-

-

1,981

Disposals

-

-

(23,772

)

At 31 March 2025

8,789

5,297

359,499

DEPRECIATION

At 1 April 2024

8,789

4,651

160,915

Charge for year

-

161

8,946

Eliminated on disposal

-

-

(23,018

)

At 31 March 2025

8,789

4,812

146,843

NET BOOK VALUE

At 31 March 2025

-

485

212,656

At 31 March 2024

-

646

220,375

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

59,964

66,591

Other debtors

1,306

1,306

61,270

67,897

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

465

914

Trade creditors

47,611

19,287

Corporation tax

20,696

14,349

Social security and other taxes

30,015

12,779

VAT

23,116

28,160

Other creditors

25,720

48,320

Directors' current accounts

59,204

59,204

Accrued expenses

2,210

2,145

209,037

185,158

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

72,365

83,239

Other loans more 5yrs instal

14,933

29,545

87,298

112,784

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

72,365

83,239

Other loans more 5yrs instal

14,933

29,545

87,298

112,784

9.	RELATED PARTY DISCLOSURES

At the year end, the company owed £58,342 to the directors. The loans are interest free and are repayable upon demand