Chris Flay Plumbing and Heating Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04092724 (England and Wales)

Chris Flay Plumbing and Heating Limited

Unaudited Financial Statements for the Year Ended 30 September 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C R Flay

Mrs N C Flay

REGISTERED OFFICE:

The Arches

South Lane

Nether Stowey

Bridgwater

Somerset

TA5 1LR

REGISTERED NUMBER:

04092724 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

25 Cornhill

Bridgwater

Somerset

TA6 3AY

FIXED ASSETS

Tangible assets

5

2,540

3,516

Investment property

6

950,000

952,540

953,516

CURRENT ASSETS

Stocks

6,500

7,705

Debtors

91,992

64,712

Cash at bank

135,603

131,914

234,095

204,331

CREDITORS

Amounts falling due within one year

56,564

37,370

NET CURRENT ASSETS

177,531

166,961

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,130,071

1,120,477

PROVISIONS FOR LIABILITIES

39,248

37,006

NET ASSETS

1,090,823

1,083,471

CAPITAL AND RESERVES

Called up share capital

1,000

Investment property reserve

7

303,169

304,086

Retained earnings

786,654

778,385

SHAREHOLDERS' FUNDS

1,090,823

1,083,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2026 and were signed on its behalf by:

C R Flay - Director

1.	STATUTORY INFORMATION

Chris Flay Plumbing and Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

and 30 September 2025

60,389

DEPRECIATION

At 1 October 2024

56,873

Charge for year

976

At 30 September 2025

57,849

NET BOOK VALUE

At 30 September 2025

2,540

At 30 September 2024

3,516

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

950,000

NET BOOK VALUE

At 30 September 2025

950,000

At 30 September 2024

950,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2021

950,000

If the investment properties had not been revalued they would have been included at the following historical cost:

30.9.25

30.9.24

£

Cost

607,933

Investment property was valued on an open market basis on 30 September 2021 by the directors .

7.

RESERVES

Investment

property

reserve

£

At 1 October 2024

304,086

Reserve transfer

(917

)

At 30 September 2025

303,169

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

C R Flay

Balance outstanding at start of year

44,407

67,642

Amounts advanced

98,731

74,103

Amounts repaid

(86,624

)

(97,338

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

56,514

44,407

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C R Flay and Mrs N C Flay.

The above directors controlled the company throughout the current and previous period, by virtue of the fact that between them, they own all of the company's issued share capital.