REGISTERED NUMBER: 12063475 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 29 JUNE 2024 TO 27 JUNE 2025

FOR

OGILVIE PLUMBING & HEATING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T S Ogilvie

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

12063475 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Lloyds Bank

2 Palace Avenue

Paignton

Devon

TQ3 3ER

FIXED ASSETS

Tangible assets

4

1,748

2,287

CURRENT ASSETS

Stocks

5

-

18,000

Debtors

6

67,136

53,496

Cash at bank

4,209

-

71,345

71,496

CREDITORS

Amounts falling due within one year

7

75,712

62,619

NET CURRENT (LIABILITIES)/ASSETS

(4,367

)

8,877

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,619

)

11,164

CREDITORS

Amounts falling due after more than one year

8

15,251

16,007

NET LIABILITIES

(17,870

)

(4,843

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(17,970

)

(4,943

)

SHAREHOLDERS' FUNDS

(17,870

)

(4,843

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 10 July 2026 and were signed by:

Mr T S Ogilvie - Director

1.	STATUTORY INFORMATION

Ogilvie Plumbing & Heating Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Going concern

The company expects to meet its day to day working capital requirements by extending its creditor's terms. The director is confident that the company will trade out of its current difficulties, and this is supported by representations by the company's director.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 29 June 2024

and 27 June 2025

915

3,481

157

4,553

DEPRECIATION

At 29 June 2024

587

1,523

156

2,266

Charge for period

49

490

-

539

At 27 June 2025

636

2,013

156

2,805

NET BOOK VALUE

At 27 June 2025

279

1,468

1

1,748

At 28 June 2024

328

1,958

1

2,287

5.

STOCKS

2025

2024

£

£

Work-in-progress

-

18,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,004

4,747

Amounts recoverable on contract

825

10,276

Directors' current accounts

55,499

35,773

Tax

9,572

2,700

VAT

236

-

67,136

53,496

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,867

7,814

Trade creditors

27,300

13,946

Tax

17,942

8,828

Social security and other taxes

1,458

1,756

VAT

-

2,012

Other creditors

23,043

24,325

Accrued expenses

2,102

3,938

75,712

62,619

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

15,251

16,007

9.	OTHER FINANCIAL COMMITMENTS

At 27 June 2025, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £17,205 (2024: £23,456).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 27 June 2025 and 28 June 2024:

2025

2024

£

£

Mr T S Ogilvie

Balance outstanding at start of period

35,773

31,303

Amounts advanced

56,748

41,174

Amounts repaid

(37,022

)

(36,704

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

55,499

35,773

Loans are unsecured and repayable on demand.

11.	RELATED PARTY DISCLOSURES

During the period, total dividends of £18,000 (2024 - £10,000) were paid to the director .

At the time the dividends were paid, the director was not aware that there were insufficient profits available for distribution, and the director acknowledges that no further distributions can be made until there are sufficient profits available for distribution.

12.	BOUNCE BACK LOAN

At the year end the company owed £19,118 (2024: £23,007) for a bounce back loan which is 100% guaranteed by the Government.