Paul J Lambert (Plumbing & Heating) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08737897

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		93		183

			93		183
CURRENT ASSETS
Stocks	5	1,600		1,600
Debtors	6	1,678		3,563
Cash at bank and in hand		35,748		33,854

		39,026		39,017
Creditors: Amounts Falling Due Within One Year	7	(7,645 )		(10,012 )

NET CURRENT ASSETS (LIABILITIES)			31,381		29,005

TOTAL ASSETS LESS CURRENT LIABILITIES			31,474		29,188

NET ASSETS			31,474		29,188

CAPITAL AND RESERVES
Called up share capital	9		4		4
Profit and Loss Account			31,470		29,184

SHAREHOLDERS' FUNDS			31,474		29,188

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Paul J Lambert (Plumbing & Heating) Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Lambert

Director

29/07/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Paul J Lambert (Plumbing & Heating) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08737897 . The registered office is 61 Stanifield Lane, Farington, Leyland, Lancashire, PR25 4WF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	25% straight line

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Paul J Lambert (Plumbing & Heating) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Sales, marketing and distribution	2	2

	2	2

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Paul J Lambert (Plumbing & Heating) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 November 2024	2,086	14,138	16,224

As at 31 October 2025	2,086	14,138	16,224

Depreciation
As at 1 November 2024	1,904	14,137	16,041
Provided during the period	90	-	90

As at 31 October 2025	1,994	14,137	16,131

Net Book Value
As at 31 October 2025	92	1	93

As at 1 November 2024	182	1	183

5. Stocks

	2025	2024
	£	£
Stock	1,600	1,600

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	310	216
Prepayments and accrued income	195	1,490
Other taxes and social security	1,173	1,857

	1,678	3,563

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Paul J Lambert (Plumbing & Heating) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	183	1,029
Corporation tax	2,434	4,575
VAT	3,248	2,549
Other creditors	35	35
Accruals and deferred income	1,597	1,436
Director's loan account	148	388

	7,645	10,012

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mr Paul Lambert	8,000	13,000

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