Turnkey Plumbing and Heating LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC334385

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		12,594		14,099

			12,594		14,099
CURRENT ASSETS
Stocks	6	4,000		4,000
Debtors	7	68,590		44,995
Cash at bank and in hand		48,141		42,205

		120,731		91,200
Creditors: Amounts Falling Due Within One Year	8	(820 )		(5,896 )

NET CURRENT ASSETS (LIABILITIES)			119,911		85,304

TOTAL ASSETS LESS CURRENT LIABILITIES			132,505		99,403

NET ASSETS ATTRIBUTABLE TO MEMBERS			132,505		99,403

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		433,067		292,237

			433,067		292,237

Equity
Members' other interests
Members' capital		(543,652)		(435,924)
Other reserves		243,090		243,090

			(300,562)		(192,834)

			132,505		99,403

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			433,067		292,237
Members' other interests			(300,562)		(192,834)

			132,505		99,403

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Turnkey Plumbing and Heating LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Marco Hatfield

Designated Member

19/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Turnkey Plumbing and Heating LLP is a limited liability partnership, incorporated in England & Wales, registered number OC334385 . The Registered Office is 476 St Albans Road, Watford, WD24 6QU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	WDV
Motor Vehicles	WDV
Computer Equipment	WDV

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 3)

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Turnkey Plumbing and Heating LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	28,000

As at 31 March 2025	28,000

Amortisation
As at 1 April 2024	28,000

As at 31 March 2025	28,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	16,013	96,241	8,028	120,282
Additions	1,228	-	970	2,198

As at 31 March 2025	17,241	96,241	8,998	122,480

Depreciation
As at 1 April 2024	13,846	85,271	7,066	106,183
Provided during the period	598	2,743	362	3,703

As at 31 March 2025	14,444	88,014	7,428	109,886

Net Book Value
As at 31 March 2025	2,797	8,227	1,570	12,594

As at 1 April 2024	2,167	10,970	962	14,099

6. Stocks

	2025	2024
	£	£
Finished goods	4,000	4,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	58,777	36,965
VAT	9,813	8,030

	68,590	44,995

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Turnkey Plumbing and Heating LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	167	5,127
Accruals and deferred income	653	769

	820	5,896

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