Treadaway Plumbing And Heating Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07848077 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Treadaway Plumbing And Heating Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T T Treadaway

REGISTERED OFFICE:

Unit 1A Oakfield Business Corner

Works Road

Letchworth Garden City

Hertfordshire

SG6 1FB

REGISTERED NUMBER:

07848077 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,638

4,606

CURRENT ASSETS

Debtors

5

32,521

21,759

Cash at bank

198

9,045

32,719

30,804

CREDITORS

Amounts falling due within one year

6

14,909

14,415

NET CURRENT ASSETS

17,810

16,389

TOTAL ASSETS LESS CURRENT LIABILITIES

21,448

20,995

CREDITORS

Amounts falling due after more than one year

7

(20,677

)

(19,685

)

PROVISIONS FOR LIABILITIES

(691

)

(875

)

NET ASSETS

80

435

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

79

434

SHAREHOLDERS' FUNDS

80

435

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 director acknowledges his 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 July 2025 and were signed by:

T T Treadaway - Director

1.	STATUTORY INFORMATION

Treadaway Plumbing And 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

Summary of significant accounting policies and key accounting estimates

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 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 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 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

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

Judgements

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually reviewed

and are based on experience and other factors, including expectations of future events that are believed

to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the

business recognises related costs which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the

purpose of giving immediate financial support to the entity with no future related costs shall be recognised

in income in the period in which it becomes receivable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of

business.

Trade debtors are recognised initially at the transaction price.

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements

in the reporting period in which the dividends are declared.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

10,759

6,373

1,410

18,542

Additions

-

237

At 31 March 2025

10,759

6,373

1,647

18,779

DEPRECIATION

At 1 April 2024

8,773

4,987

176

13,936

Charge for year

496

346

363

1,205

At 31 March 2025

9,269

5,333

539

15,141

NET BOOK VALUE

At 31 March 2025

1,490

1,040

1,108

3,638

At 31 March 2024

1,986

1,386

1,234

4,606

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

30,821

21,759

Other debtors

1,700

-

32,521

21,759

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

2,444

Trade creditors

970

1,234

Taxation and social security

7,373

6,919

Other creditors

4,122

3,818

14,909

14,415

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

10,102

12,526

Taxation and social security

10,575

7,159

20,677

19,685

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

1

Share capital 1

1

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,300 were paid to the director .

At the balance sheet date, the company was owed £1284 by (2024: £96 to) T Treadaway, the sole director and shareholder of the company. This loan was repaid in full within 9 months.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T T Treadaway.