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One Stop Plumbing & Heating Services Ltd
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: 11594571
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,100 5,250
Tangible Assets 5 8,423 10,808
12,523 16,058
CURRENT ASSETS
Debtors 6 5,000 6,259
Cash at bank and in hand 10,822 2,121
15,822 8,380
Creditors: Amounts Falling Due Within One Year 7 (13,316 ) (9,844 )
NET CURRENT ASSETS (LIABILITIES) 2,506 (1,464 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,029 14,594
Creditors: Amounts Falling Due After More Than One Year 8 (10,239 ) (12,375 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,600 ) (2,054 )
NET ASSETS 3,190 165
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,090 65
SHAREHOLDERS' FUNDS 3,190 165
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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 Oliver Thomas
Director
12 December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
One Stop Plumbing & Heating Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11594571 . The registered office is 38 Mildenhall Way Kingsway, Quedgeley, Gloucester, GL2 2DH.
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. 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 profit and loss account over its estimated economic life of .... years.
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 30% on reducing balance
Motor Vehicles 30% on reducing balance
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 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 11,500
As at 31 March 2025 11,500
Amortisation
As at 1 April 2024 6,250
Impairment losses 1,150
As at 31 March 2025 7,400
Net Book Value
As at 31 March 2025 4,100
As at 1 April 2024 5,250
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 4,185 29,394 33,579
Additions 807 15,000 15,807
Disposals - (33,894 ) (33,894 )
As at 31 March 2025 4,992 10,500 15,492
Depreciation
As at 1 April 2024 3,459 19,312 22,771
Provided during the period 460 3,150 3,610
Disposals - (19,312 ) (19,312 )
As at 31 March 2025 3,919 3,150 7,069
Net Book Value
As at 31 March 2025 1,073 7,350 8,423
As at 1 April 2024 726 10,082 10,808
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,000 4,020
Directors' loan accounts - 2,239
5,000 6,259
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 2,693
Bank loans and overdrafts 2,300 2,300
Corporation tax 1,646 1,075
Other taxes and social security 479 479
Other creditors 409 3,297
Directors' loan accounts 8,482 -
13,316 9,844
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 10,239 12,375
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Oliver Thomas 2,239 20,934 26,646 - 3,473
The above loan is unsecured, interest free and repayable on demand.
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