Thorley Plumbing Limited - Filleted accounts

Registered number

12948155

Thorley Plumbing Limited

Filleted Accounts

31 October 2025

Thorley Plumbing Limited
Registered number:		12948155
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		15,660			19,112

Current assets
Debtors	4	808			3,246
Cash at bank and in hand		20,653			25,009
		21,461			28,255

Creditors: amounts falling due within one year	5	(22,318)			(16,692)

Net current (liabilities)/assets			(857)			11,563

Total assets less current liabilities			14,803			30,675

Creditors: amounts falling due after more than one year	6		(17,539)			(22,846)



Net (liabilities)/assets			(2,736)			7,829

Capital and reserves
Called up share capital			100			100
Profit and loss account			(2,836)			7,729

Shareholders' funds			(2,736)			7,829

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Bullot
Director
Approved by the board on 5 July 2026

Thorley Plumbing Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 3 years
	Motor Vehicle			25% RBM
	Office Equipment			over 3 years


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2024	417		4,164		33,667		38,248
	Additions	500		1,511		-		2,011
	At 31 October 2025	917		5,675		33,667		40,259

	Depreciation
	At 1 November 2024	243		4,164		14,729		19,136
	Charge for the year	728		-		4,735		5,463
	At 31 October 2025	971		4,164		19,464		24,599

	Net book value
	At 31 October 2025	(54)		1,511		14,203		15,660
	At 31 October 2024	174		-		18,938		19,112


4	Debtors					2025		2024
£							£

	Trade debtors					714		636
	Other debtors					94		2,610
						808		3,246


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					4,787		3,801
	Taxation and social security costs					12,144		12,891
	Other creditors					5,387		-
						22,318		16,692


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Other creditors					17,539		22,846


7	Other information

	Thorley Plumbing Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Building 18, Gateway 1000
	Whittle Way, Arlington Business Park
	Stevenage
	Hertfordshire
	SG1 2FP