FITZPATRICK MECHANICAL SERVICES LIMITED


Directors	M W Fitzpatrick
	S A Fitzpatrick
	L Rouvray


Company Secretary	FITZPATRICK, Stephanie Ann


Registered Address	Unit 16 Stanley Court
	Shearway Road
	Folkestone
	CT19 4FJ


Registered Number	04699274 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	6		8

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	14,159	209,998	75,539	12,664	312,360
Additions	-	-	-	10,499	10,499
At 31 March 26	14,159	209,998	75,539	23,163	322,859
Depreciation and impairment
At 01 April 25	6,358	183,173	69,065	9,671	268,267
Charge for year	1,416	6,721	1,619	1,753	11,509
At 31 March 26	7,774	189,894	70,684	11,424	279,776
Net book value
At 31 March 26	6,385	20,104	4,855	11,739	43,083
At 31 March 25	7,801	26,825	6,474	2,993	44,093

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 25	2	2
Additions	2,418	2,418
At 31 March 26	2,420	2,420
Net book value
At 31 March 26	2,420	2,420
At 31 March 25	2	2

	Notes
	¹Investments in group undertakings and participating interests

6.	Stocks

	2026	2025
	£	£
Work in progress	-	572,585
Total	-	572,585

7.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	62,870	89,199
Other debtors	480,314	28,796
Prepayments and accrued income	24,174	22,065
Total	567,358	140,060

8.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	673,440	342,288
Bank borrowings and overdrafts	74,567	150,787
Taxation and social security	132,981	127,801
Other creditors	6,204	6,194
Accrued liabilities and deferred income	237,456	12,383
Total	1,124,648	639,453

9.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	100,644	180,884
Total	100,644	180,884

10.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	10,014	8,150
Total	10,014	8,150

11.	Controlling party
	At the balance sheet date, the immediate and ultimate parent undertaking is Fitzpatrick Commercial Plumbing Group Limited, a company incorporated in England and Wales. Mr M and Mrs S Fitzpatrick are the controlling parties of the company. The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.

11.

Controlling party

At the balance sheet date, the immediate and ultimate parent undertaking is Fitzpatrick Commercial Plumbing Group Limited, a company incorporated in England and Wales.  

Mr M and Mrs S Fitzpatrick are the controlling parties of the company.

The company is exempt from the requirement of preparing consolidated financial statements as it is a
subsidiary undertaking of a small group under section 383 of the Companies Act 2006.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		43,083		44,093
Investments	5		2,420		2
			45,503		44,095
Current assets
Stocks	6	-		572,585
Debtors	7	567,358		140,060
Cash at bank and on hand		637,780		85,103
		1,205,138		797,748
Creditors amounts falling due within one year	8	(1,124,648)		(639,453)
Net current assets (liabilities)			80,490		158,295
Total assets less current liabilities			125,993		202,390
Creditors amounts falling due after one year	9		(100,644)		(180,884)
Provisions for liabilities	10		(10,014)		(8,150)
Net assets			15,335		13,356
Capital and reserves
Called up share capital			4		4
Profit and loss account			15,331		13,352
Shareholders' funds			15,335		13,356