Registration number: 06939185

Hatfields Plumbing Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Hatfields Plumbing Ltd

Company Information

Director

Mr Daniel Hatfield

Registered office

Glenfield Mill Glenfield Road Nelson Lancashire BB9 8AR

Accountants

Kneeshaws 2018 Ltd Chartered AccountantsFourth Floor St James House St James's Row Burnley Lancashire BB11 1DR

Hatfields Plumbing Ltd

(Registration number: 06939185)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	353,496	360,668
Current assets
Stocks	5	9,220	9,115
Debtors	6	446,917	203,570
Cash at bank and in hand		311,446	293,400
		767,583	506,085
Creditors: Amounts falling due within one year	7	(319,169)	(143,618)
Net current assets		448,414	362,467
Total assets less current liabilities		801,910	723,135
Creditors: Amounts falling due after more than one year	7	(175,639)	(110,792)
Net assets		626,271	612,343
Capital and reserves
Called up share capital	8	1	1
Retained earnings		626,270	612,342
Shareholders' funds		626,271	612,343

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 February 2026
 

......................................... Mr Daniel Hatfield Director

Hatfields Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Glenfield Mill
Glenfield Road
Nelson
Lancashire
BB9 8AR

These financial statements were authorised for issue by the director on 12 February 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Hatfields Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% Reducing Balance
Computer Equipment	25% Reducing Balance
Motor Vehicles	25 % Reducing Balance
Furniture and Fittings	25 % Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Hatfields Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2024 - 19).

Hatfields Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	7,281	883,199	81,756	972,236
Additions	1,070	220,495	5,843	227,408
Disposals	-	(237,498)	-	(237,498)
At 31 July 2025	8,351	866,196	87,599	962,146
Depreciation
At 1 August 2024	4,734	558,250	48,584	611,568
Charge for the year	904	107,175	9,754	117,833
Eliminated on disposal	-	(120,751)	-	(120,751)
At 31 July 2025	5,638	544,674	58,338	608,650
Carrying amount
At 31 July 2025	2,713	321,522	29,261	353,496
At 31 July 2024	2,547	324,949	33,172	360,668

5

Stocks

	2025 £	2024 £
Other inventories	9,220	9,115

6

Debtors

Current	2025 £	2024 £
Trade debtors	438,166	185,216
Prepayments	8,751	6,553
Other debtors	-	11,801
	446,917	203,570

7

Creditors

Creditors: amounts falling due within one year

Hatfields Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	63,649	89,174
Trade creditors		203,796	28,174
Taxation and social security		12,932	9,970
Accruals and deferred income		1,500	2,000
Other creditors		37,292	14,300
		319,169	143,618

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	175,639	110,792

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	175,639	110,792

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	63,649	89,174

10	Related party transactions

Hatfields Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,812	12,570
Contributions paid to money purchase schemes	4,994	4,990
	17,806	17,560

Dividends paid to the director

		2025 £		2024 £
Mr Daniel Hatfield
Ordinary		35,000		38,000

Summary of transactions with associates

Under control of the Director

Expenditure with and payables to related parties

2025	Key management £
Rendering of services	11,500

2024	Key management £
Rendering of services	7,500