Smartheat Plumbing And Heating Limited

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

Registered number: 06654140

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		33,000		44,000
Tangible Assets	5		117,012		101,103

			150,012		145,103
CURRENT ASSETS
Stocks	6	26,694		33,116
Debtors	7	112,562		100,391
Cash at bank and in hand		160,481		138,049

		299,737		271,556
Creditors: Amounts Falling Due Within One Year	8	(281,331 )		(285,245 )

NET CURRENT ASSETS (LIABILITIES)			18,406		(13,689 )

TOTAL ASSETS LESS CURRENT LIABILITIES			168,418		131,414

Creditors: Amounts Falling Due After More Than One Year	9		(33,998 )		(42,437 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(29,253 )		(19,210 )

NET ASSETS			105,167		69,767

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Profit and Loss Account			104,167		68,767

SHAREHOLDERS' FUNDS			105,167		69,767

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Smartheat Plumbing And Heating Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 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 directors acknowledge their 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.

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

On behalf of the board

Mr Simon Foreman

Director

31/03/2026

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

1. General Information

Smartheat Plumbing And Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06654140 . The registered office is 66 Werrington Business Centre, Papyrus Road, Werrington, Peterborough, Cambridgeshire, PE4 5BH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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	20% reducing balance
Motor Vehicles	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.

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Smartheat Plumbing And Heating Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 49 (2024: 59)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 October 2024	220,000

As at 30 September 2025	220,000

Amortisation
As at 1 October 2024	176,000
Provided during the period	11,000

As at 30 September 2025	187,000

Net Book Value
As at 30 September 2025	33,000

As at 1 October 2024	44,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 October 2024	78,731	220,862	299,593
Additions	1,887	69,775	71,662
Disposals	-	(68,675 )	(68,675 )

As at 30 September 2025	80,618	221,962	302,580

Depreciation
As at 1 October 2024	55,388	143,102	198,490
Provided during the period	5,187	32,323	37,510
Disposals	-	(50,432 )	(50,432 )

As at 30 September 2025	60,575	124,993	185,568

Net Book Value
As at 30 September 2025	20,043	96,969	117,012

As at 1 October 2024	23,343	77,760	101,103

6. Stocks

	2025	2024
	£	£
Materials	26,694	33,116

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Smartheat Plumbing And Heating Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	100,090	84,909
Other debtors	8,051	11,061
Amounts owed by other participating interests	4,421	4,421

	112,562	100,391

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,600	9,348
Trade creditors	98,642	77,854
Corporation tax	46,155	1,612
VAT	28,540	37,442
Net wages	-	6,883
PAYE	21,028	17,943
Credit card	65,029	100,918
Pension	(405 )	-
Accruals and deferred income	2,256	2,149
Directors' loan accounts	13,486	31,096

	281,331	285,245

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,465	21,756
Bank loans	10,533	20,681

	33,998	42,437

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,600	9,348
Later than one year and not later than five years	23,465	21,756

	30,065	31,104

	30,065	31,104

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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