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Company Registration No. 10274217 (England and Wales)
H20 Plumbusters Ltd Unaudited accounts for the year ended 31 July 2025
H20 Plumbusters Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
H20 Plumbusters Ltd Company Information for the year ended 31 July 2025
Director
Mr M Russell
Company Number
10274217 (England and Wales)
Registered Office
380a New Hythe Lane Larkfield Aylesford Kent ME20 6RZ England
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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H20 Plumbusters Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
27,827
37,681
Current assets
Debtors
5
57,364
56,264
Cash at bank and in hand
45,745
61,852
103,109
118,116
Creditors: amounts falling due within one year
6
(104,789)
(96,718)
Net current (liabilities)/assets
(1,680)
21,398
Total assets less current liabilities
26,147
59,079
Creditors: amounts falling due after more than one year
7
(20,017)
(38,788)
Provisions for liabilities
Deferred tax
(5,370)
(7,160)
Net assets
760
13,131
Capital and reserves
Called up share capital
8
101
101
Profit and loss account
659
13,030
Shareholders' funds
760
13,131
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 February 2026 and were signed on its behalf by
Mr M Russell Director Company Registration No. 10274217
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H20 Plumbusters Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
H20 Plumbusters Ltd is a private company, limited by shares, registered in England and Wales, registration number 10274217. The registered office is 380a New Hythe Lane, Larkfield, Aylesford, Kent, ME20 6RZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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H20 Plumbusters Ltd Notes to the Accounts for the year ended 31 July 2025
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
2,938
128,159
3,815
134,912
Disposals
-
(17,500)
-
(17,500)
At 31 July 2025
2,938
110,659
3,815
117,412
Depreciation
At 1 August 2024
2,301
92,741
2,189
97,231
Charge for the year
160
5,141
406
5,707
On disposals
-
(13,353)
-
(13,353)
At 31 July 2025
2,461
84,529
2,595
89,585
Net book value
At 31 July 2025
477
26,130
1,220
27,827
At 31 July 2024
637
35,418
1,626
37,681
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
46,959
48,443
Other debtors
10,405
7,821
57,364
56,264
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,250
5,250
VAT
13,400
8,247
Obligations under finance leases and hire purchase contracts
2,443
2,443
Trade creditors
22,662
22,898
Taxes and social security
23,075
20,498
Other creditors
36,309
35,732
Accruals
1,650
1,650
104,789
96,718
- 6 -
H20 Plumbusters Ltd Notes to the Accounts for the year ended 31 July 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
17,981
34,513
Obligations under finance leases and hire purchase contracts
2,036
4,275
20,017
38,788
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
101
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).
- 7 -