Company registration number 05786129 (England and Wales)
DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
BALANCE SHEET
AS AT
29 APRIL 2025
29 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
58,156
80,770
Current assets
Stocks
197,452
209,361
Debtors
5
698,302
724,679
Cash at bank and in hand
60,667
59,630
956,421
993,670
Creditors: amounts falling due within one year
6
(611,735)
(700,298)
Net current assets
344,686
293,372
Total assets less current liabilities
402,842
374,142
Creditors: amounts falling due after more than one year
7
(21,434)
(38,832)
Provisions for liabilities
(14,161)
(16,393)
Net assets
367,247
318,917
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
367,147
318,817
Total equity
367,247
318,917
DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
29 APRIL 2025
29 April 2025
- 2 -

For the financial year ended 29 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 January 2026 and are signed on its behalf by:
M Duncan
Director
Company registration number 05786129 (England and Wales)
DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2025
- 3 -
1
Accounting policies
Company information

Duncan Plumbing, Heating & Electrics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Rudgate Business Park, Tockwith, York, YO26 7RD.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 '"The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.

Revenue from contracted services provided is recognised in profit and loss in the period in which the services are provided.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with t he acquisition of a business in 2011, was amortised evenly over its estimated useful life of 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold
2% on cost (excluding freehold land)
Plant and machinery
25% on reducing balance
Fixtures and fittings
15% on reducing balance
Office equipment
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks and work-in-progress are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee

Assets obtained under hire purchase contracts are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost using the effective rate of interest.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
20
19
DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 30 April 2024 and 29 April 2025
253,000
Amortisation and impairment
At 30 April 2024 and 29 April 2025
253,000
Carrying amount
At 29 April 2025
-
0
At 29 April 2024
-
0
4
Tangible fixed assets
Long leasehold
Plant and machinery
Fixtures and fittings
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 30 April 2024
8,040
40,997
21,579
80,919
273,478
425,013
Additions
-
0
-
0
3,356
-
0
33,732
37,088
Disposals
-
0
-
0
-
0
-
0
(65,000)
(65,000)
At 29 April 2025
8,040
40,997
24,935
80,919
242,210
397,101
Depreciation and impairment
At 30 April 2024
7,871
37,545
18,513
77,737
202,577
344,243
Depreciation charged in the year
169
1,290
963
1,061
21,011
24,494
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(29,792)
(29,792)
At 29 April 2025
8,040
38,835
19,476
78,798
193,796
338,945
Carrying amount
At 29 April 2025
-
0
2,162
5,459
2,121
48,414
58,156
At 29 April 2024
169
3,452
3,066
3,182
70,901
80,770
DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
171,303
243,529
Amounts owed by group undertakings
154,942
262,160
Other debtors
263,132
170,683
Prepayments and accrued income
108,925
48,307
698,302
724,679
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
25,363
26,393
Obligations under finance leases
18,527
8,129
Other borrowings
200,000
200,000
Trade creditors
52,327
86,920
Amounts owed to group undertakings
113,630
7,547
Taxation and social security
131,191
96,329
Other creditors
7,973
183,645
Accruals and deferred income
62,724
91,335
611,735
700,298

The hire purchase creditors shown above and in note 7 totalling £39,075 (2024: £15,888) are secured on the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
886
27,234
Obligations under finance leases
20,548
7,759
Other creditors
-
0
3,839
21,434
38,832
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
21,791
52,691
DUNCAN PLUMBING, HEATING & ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
- 8 -
9
Related party transactions

The company's parent company is Duncan Energy Holdings Limited.

10
Directors' transactions

A director was advanced £20,123 by the company during the year and owed £56,236 (2024: £36,113) t o the company as at 29 April 202 5. No interest has been charged on this loan and there are no formal repayment terms.

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