REGISTERED NUMBER: 11918341 (England and Wales)

Easy Life Plumbing Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

M J Copeland

Mrs L M Copeland

Registered office:

Halidon House

17D Windmill Way West

Ramparts Business Park

Berwick Upon Tweed

TD15 1TB

Business address:

2 Marchcleugh Farm Cottage

Jedburgh

TD8 6RR

Registered number:

11918341 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Current assets

Stocks

4,500

4,500

Debtors

4

55,240

30,478

Cash at bank

3,675

1,224

63,415

36,202

Creditors

Amounts falling due within one year

5

44,588

43,091

Net current assets/(liabilities)

18,827

(6,889

)

Total assets less current liabilities

18,827

(6,889

)

Capital and reserves

Called up share capital

2

2

Retained earnings

18,825

(6,891

)

18,827

(6,889

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 30th December 2025 and were signed on its behalf by:

M J Copeland - Director

1.	Statutory information

Easy Life Plumbing Ltd 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 the total value, excluding value added tax of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risk and rewards of ownership have passed to the buyer. Turnover arising from the provision of plumbing, heating and air conditioning installation is recognised as contract activity progresses and the right to consideration is earned.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accrual, bank overdrafts, bank loans, other loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors, accruals, bank overdrafts and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

6,731

5,449

Other debtors

48,509

25,029

55,240

30,478

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

2,531

11,210

Trade creditors

1,229

182

Taxation and social security

19,842

9,356

Other creditors

20,986

22,343

44,588

43,091

6.	Directors' advances, credits and guarantees

31st March 2025 and 31st March 2024:

2025

2024

Director 1

Balance outstanding at start of year

8.680

-

Amounts advanced

24,318

26,851

Amount repaid

(15,540

)

(18,171

)

Balance outstanding at end of year

17,458

8,680

Director 2

Balance outstanding at start of year

8,680

-

Amounts advanced

24.318

26,851

Amount repaid

(15,540

)

(18,171

)

Balance outstanding at end of year

17,458

8,680

These loans are unsecured, interest has been charged at the official rates published by HMRC and are repayable on demand.