REGISTERED NUMBER: 04685428 (England and Wales)

S J KING PLUMBING AND HEATING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr S J King

Mrs S J King

SECRETARY:

Mrs S J King

REGISTERED OFFICE:

Unit 1, Beeches Industrial Park

Littleton Road

Crawley

Winchester

Hampshire

SO21 2QD

REGISTERED NUMBER:

04685428 (England and Wales)

ACCOUNTANTS:

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S J King Plumbing and Heating Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of S J King Plumbing and Heating Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S J King Plumbing and Heating Limited and state those matters that we have agreed to state to the Board of Directors of S J King Plumbing and Heating Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S J King Plumbing and Heating Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S J King Plumbing and Heating Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S J King Plumbing and Heating Limited. You consider that S J King Plumbing and Heating Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S J King Plumbing and Heating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

15 December 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

104,469

116,094

104,469

116,094

CURRENT ASSETS

Stocks

7,000

5,400

Debtors

6

43,245

47,525

Cash at bank

161,607

95,142

211,852

148,067

CREDITORS

Amounts falling due within one year

7

183,831

152,645

NET CURRENT ASSETS/(LIABILITIES)

28,021

(4,578

)

TOTAL ASSETS LESS CURRENT LIABILITIES

132,490

111,516

CREDITORS

Amounts falling due after more than one year

8

(23,365

)

(35,231

)

PROVISIONS FOR LIABILITIES

11

(26,117

)

(29,023

)

NET ASSETS

83,008

47,262

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

83,002

47,256

83,008

47,262

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr S J King - Director

1.	STATUTORY INFORMATION

S J King Plumbing and Heating Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04685428 and the registered office address is Unit 1, Beeches Industrial Park, Littleton Road, Crawley, Winchester, Hampshire, SO21 2QD.

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.

The presentation currency of the financial statements is the Pound Sterling (£)

Going concern

The financial statements have been prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

There have been no judgements and estimates which have had a significant effect on amounts recognised in the financial statements during the year.

Turnover

Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable in respect of the provision of plumbing and heating services. Turnover is recognised on completion of the service.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

All tangible fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:

Motor vehicles

25% reducing balance

Office equipment

33% on cost

The asset's residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Statement of Income and Retained Earnings.

Stocks

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

Financial instruments

The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.date.

Leases

Where assets are financed by lease agreements that give rights approximating to the ownership, the assets are treated as if they have been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under hire purchase.

Depreciation on leased assets is charged to the Statement of Income and Retained Earnings over the shorter of the lease term and their useful life.

Leasing payments are treated as consisting of capital and interest elements. The interest element of these obligations is charged to the Statement of Income and Retained Earnings over the relevant period. The capital element of the future payments is treated as a liability.

All other leases are treated as 'operating leases' and the relevant annual rentals are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

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 the Statement of Income and Retained Earnings in the period in which they relate.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

30,925

Disposals

(30,925

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

30,925

Eliminated on disposal

(30,925

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

237,749

10,241

247,990

Additions

18,750

-

18,750

Disposals

-

(624

)

(624

)

At 31 March 2025

256,499

9,617

266,116

DEPRECIATION

At 1 April 2024

122,417

9,479

131,896

Charge for year

30,005

370

30,375

Eliminated on disposal

-

(624

)

(624

)

At 31 March 2025

152,422

9,225

161,647

NET BOOK VALUE

At 31 March 2025

104,077

392

104,469

At 31 March 2024

115,332

762

116,094

The net book value of tangible fixed assets includes £48,969 (2024: £65,292) in respect of assets held under finance leases.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

34,261

40,190

Other debtors

1,227

255

Prepayments

7,757

7,080

43,245

47,525

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

11,866

11,643

Trade creditors

74,575

83,224

Social security and other taxes

41,200

16,936

VAT

15,592

6,303

Other creditors

27,924

23,414

Directors' current accounts

7,773

6,224

Accrued expenses

4,901

4,901

183,831

152,645

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

23,365

35,231

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

11,866

11,643

Between one and five years

23,365

35,231

35,231

46,874

Non-cancellable

operating leases

2025

2024

£

£

Within one year

2,550

2,130

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

35,231

46,874

Obligations under hire purchase contracts are secured on the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

26,117

29,023

Deferred tax

£

Balance at 1 April 2024

29,023

Movement

(2,906

)

Balance at 31 March 2025

26,117

The provision for deferred tax relates solely to accelerated capital allowances.