REGISTERED NUMBER: SC052138 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

John Fulton (Plumbers) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G White

A M White

SECRETARY:

Mrs S M White

REGISTERED OFFICE:

123 Harmony Row

Govan

Glasgow

G51 3NB

REGISTERED NUMBER:

SC052138 (Scotland)

ACCOUNTANTS:

McDougall Johnstone Limited

280a St Vincent Street

Glasgow

G2 5RL

FIXED ASSETS

Tangible assets

4

550,877

291,519

CURRENT ASSETS

Stocks

22,650

19,100

Debtors

1,435,909

954,035

Cash at bank

878,050

678,356

2,336,609

1,651,491

CREDITORS

Amounts falling due within one year

(1,550,475

)

(1,096,522

)

NET CURRENT ASSETS

786,134

554,969

TOTAL ASSETS LESS CURRENT LIABILITIES

1,337,011

846,488

CREDITORS

Amounts falling due after more than one year

(376,439

)

(150,487

)

PROVISIONS FOR LIABILITIES

(137,720

)

(55,389

)

NET ASSETS

822,852

640,612

CAPITAL AND RESERVES

Called up share capital

36,000

36,000

Capital redemption reserve

84,000

84,000

Retained earnings

702,852

520,612

822,852

640,612

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 December 2025 and were signed on its behalf by:

A M White - Director

1.	STATUTORY INFORMATION

John Fulton (Plumbers) Limited is a private company, limited by shares , registered in Scotland. 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 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.

Stocks

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

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 52 (2024 - 52 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

718,915

Additions

485,276

Disposals

(229,345

)

At 31 March 2025

974,846

DEPRECIATION

At 1 April 2024

427,396

Charge for year

167,521

Eliminated on disposal

(170,948

)

At 31 March 2025

423,969

NET BOOK VALUE

At 31 March 2025

550,877

At 31 March 2024

291,519

Carrying values included above held under finance leases and hire purchase contract are as follows:

Motor Vehicles: 2025 - £550,881 (2024- £287,795)

5.	ULTIMATE CONTROLLING PARTY

The directors regard John Fulton (Holdings) Limited, a company incorporated in Scotland, as the company's ultimate parent company.