REGISTERED NUMBER: 03905271 (England and Wales)

K S Barry (Plumbing & Heating) Limited

Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr K S Barry

Mrs G Adams

Registered office:

The Old Courtyard

8a Kingston Road

CARDIFF

CF11 6HU

Registered number:

03905271 (England and Wales)

Auditors:

Menzies LLP, Statutory Auditors

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

48,013

54,956

48,013

54,956

Current assets

Stocks

6

2,500

2,500

Debtors

7

1,644,482

1,550,138

Cash at bank and in hand

946,302

320,358

2,593,284

1,872,996

Creditors

Amounts falling due within one year

8

(1,076,534

)

(345,114

)

Net current assets

1,516,750

1,527,882

Total assets less current liabilities

1,564,763

1,582,838

Provisions for liabilities

9

(142,326

)

(168,763

)

Net assets

1,422,437

1,414,075

Capital and reserves

Called up share capital

10

20,001

20,001

Retained earnings

1,402,436

1,394,074

Shareholders' funds

1,422,437

1,414,075

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 10th December 2025 and were signed on its behalf by:

Mr K S Barry - Director

1.	Statutory information

K S Barry (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 amounts chargeable, net of value added tax, in respect of the sale of plumbing and heating services to customers.

In respect of long-term contracts, turnover represents the value of work completed in the year, recognised by reference to the stage of completion as at the financial reporting date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Contracts for services

Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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 32 (2024 - 33 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st April 2024

and 31st March 2025

7,300

Amortisation

At 1st April 2024

and 31st March 2025

7,300

Net book value

At 31st March 2025

-

At 31st March 2024

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1st April 2024

2,208

43,331

213,446

31,030

290,015

Additions

265

5,408

-

50

5,723

At 31st March 2025

2,473

48,739

213,446

31,080

295,738

Depreciation

At 1st April 2024

2,077

42,195

173,995

16,792

235,059

Charge for year

60

290

10,166

2,150

12,666

At 31st March 2025

2,137

42,485

184,161

18,942

247,725

Net book value

At 31st March 2025

336

6,254

29,285

12,138

48,013

At 31st March 2024

131

1,136

39,451

14,238

54,956

6.

Stocks

2025

2024

£

£

Stocks

2,500

2,500

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

537,818

327,574

Amounts recoverable on contract

933,396

1,140,882

VAT

127,534

38,310

Prepayments

45,734

43,372

1,644,482

1,550,138

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

972,944

264,542

Social security and other taxes

51,963

43,004

Other creditors

48,993

35,159

Directors' current accounts

429

429

Accrued expenses

2,205

1,980

1,076,534

345,114

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

7,326

8,763

Other provisions

135,000

160,000

142,326

168,763

Deferred

tax

£

Balance at 1st April 2024

8,763

Provided during year

(1,437

)

Balance at 31st March 2025

7,326

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20,000

A Ordinary

£1

20,000

20,000

1

B Ordinary

£1

1

1

20,001

20,001

11.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)

for and on behalf of Menzies LLP, Statutory Auditors

12.	Pension commitments

The company operates a defined contribution pension scheme. The pension cost for the year represents contributions payable by the company to the scheme and amounted to £27,071 (2024: £28,713).

13.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Mr K S Barry

Balance outstanding at start of year

429

429

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

429

429

14.	Ultimate controlling party

The controlling party is Mr K S Barry.

The company is controlled by Mr K S Barry who owns 99% of the ordinary share capital.