Registration number: 05302276

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

Contents

Company Information	1
Accountants' Report	2
Abridged Balance Sheet	3 to 4
Notes to the Unaudited Abridged Financial Statements	5 to 10

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

Company Information

Director

Mr Paul O'nions

Registered office

The Mews Queen Street Colyton Devon EX24 6JU

Accountants

CRW Accountants Ltd The Mews Queen Street Colyton Devon EX24 6JU

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paul O'nions Plumbing & Heating Limited for the year ended 31 March 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Paul O'nions Plumbing & Heating Limited, as a body, in accordance with the terms of our engagement letter dated 23 December 2004. Our work has been undertaken solely to prepare for your approval the accounts of Paul O'nions Plumbing & Heating Limited and state those matters that we have agreed to state to the Board of Directors of Paul O'nions Plumbing & Heating Limited, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paul O'nions Plumbing & Heating Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Paul O'nions Plumbing & Heating Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Paul O'nions Plumbing & Heating Limited. You consider that Paul O'nions Plumbing & 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 accounts of Paul O'nions Plumbing & 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 accounts.

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

23 December 2025

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

(Registration number: 05302276)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	7,500	7,500
Tangible assets	5	30,598	38,333
		38,098	45,833
Current assets
Stocks	6	10,500	16,000
Debtors	7	14,509	10,643
Cash at bank and in hand		7,301	5,798
		32,310	32,441
Prepayments and accrued income		3,592	5,028
Creditors: Amounts falling due within one year		(49,989)	(83,844)
Net current liabilities		(14,087)	(46,375)
Total assets less current liabilities		24,011	(542)
Provisions for liabilities		(1,994)	(1,993)
Accruals and deferred income		(1,304)	(1,289)
Net assets/(liabilities)		20,713	(3,824)
Capital and reserves
Called up share capital	8	1	1
Retained earnings		20,712	(3,825)
Shareholders' funds/(deficit)		20,713	(3,824)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

(Registration number: 05302276)
Abridged Balance Sheet as at 31 March 2025

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 December 2025
 

Mr Paul O'nions Director

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Mews
Queen Street
Colyton
Devon
EX24 6JU
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% Reducing Balance Basis
Motor Vehicles	25% Reducing Balance Basis
Office Equipment	25% Reducing Balance Basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 April 2024	7,500
At 31 March 2025	7,500
Amortisation
Carrying amount
At 31 March 2025	7,500
At 31 March 2024	7,500

5	Tangible assets

	Office equipment £	Motor vehicles  £	Other tangible assets  £	Total £
Cost or valuation
At 1 April 2024	6,013	71,638	3,264	80,915
Additions	2,463	-	-	2,463
At 31 March 2025	8,476	71,638	3,264	83,378
Depreciation
At 1 April 2024	5,521	33,861	3,200	42,582
Charge for the year	738	9,444	16	10,198
At 31 March 2025	6,259	43,305	3,216	52,780
Carrying amount
At 31 March 2025	2,217	28,333	48	30,598
At 31 March 2024	492	37,777	64	38,333

6

Stocks

	2025 £	2024 £
Work in progress	5,000	10,000
Other inventories	5,500	6,000
	10,500	16,000

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

7

Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

9	Related party transactions

Paul O'nions Plumbing & Heating Limited

trading as Paul O'Nions Plumbing & Heating Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	9,096	8,160