Registration number: 10325932

R Hughes Plumbing & Heating Limited

Contents

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

R Hughes Plumbing & Heating Limited

Company Information

Director

Mr R Hughes

Registered office

7 Laureate Paddocks Newmarket Suffolk CB8 0AP

Accountants

N W Accountancy Limited 7 Laureate Paddocks Newmarket Suffolk CB8 0AP

R Hughes Plumbing & Heating Limited

(Registration number: 10325932)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	47,368	25,656
Current assets
Stocks	5	53,740	-
Debtors	6	349,721	229,017
Cash at bank and in hand		37,682	45,925
		441,143	274,942
Creditors: Amounts falling due within one year	7	(334,143)	(250,469)
Net current assets		107,000	24,473
Total assets less current liabilities		154,368	50,129
Creditors: Amounts falling due after more than one year	7	-	(9,581)
Net assets		154,368	40,548
Capital and reserves
Called up share capital	8	10	10
Retained earnings		154,358	40,538
Shareholders' funds		154,368	40,548

For the financial year ending 31 August 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 8 June 2026
 

......................................... Mr R Hughes Director

R Hughes Plumbing & Heating Limited

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

1	General information

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

The address of its registered office is:
7 Laureate Paddocks
Newmarket
Suffolk
CB8 0AP
United Kingdom

These financial statements were authorised for issue by the director on 8 June 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 current 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.

R Hughes Plumbing & Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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	20% reducing balance
Motor vehicles	20% reducing balance
Office equipment	20% 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

R Hughes Plumbing & Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 4).

R Hughes Plumbing & Heating Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 September 2024	696	46,792	7,808	55,296
Additions	-	36,491	-	36,491
At 31 August 2025	696	83,283	7,808	91,787
Depreciation
At 1 September 2024	446	23,004	6,190	29,640
Charge for the year	50	14,405	324	14,779
At 31 August 2025	496	37,409	6,514	44,419
Carrying amount
At 31 August 2025	200	45,874	1,294	47,368
At 31 August 2024	250	23,788	1,618	25,656

5

Stocks

	2025 £	2024 £
Work in progress	27,240	-
Other inventories	26,500	-
	53,740	-

6

Debtors

Current	2025 £	2024 £
Trade debtors	257,630	124,595
Other debtors	92,091	104,422
	349,721	229,017

R Hughes Plumbing & Heating Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	8,787	9,500
Trade creditors		203,404	218,769
Taxation and social security		91,765	21,735
Other creditors		30,187	465
		334,143	250,469

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	9,581

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	10	10	10	10

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	9,581

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,787	9,500

R Hughes Plumbing & Heating Limited

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

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of 5,500.00 (2024 - 6,100.00) per each Ordinary share		55,000		61,000

11	Related party transactions

Transactions with the director

2025	At 1 September 2024 £	Advances to director £	At 31 August 2025 £
Mr R Hughes
Loan from/(to) Director - unsecured, interest free and repayable on demand	465	(42)	423

2024	At 1 September 2023 £	Advances to director £	At 31 August 2024 £
Mr R Hughes
Loan from/(to) Director - unsecured, interest free and repayable on demand	577	(112)	465

Director's remuneration

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

	2025 £	2024 £
Remuneration	13,618	11,523

Dividends paid to the director

		2025 £		2024 £
Mr R Hughes
Interim dividend		55,000		61,000