Freeflow Plumbing Ltd


Director	Lyth, Sam


Registered Address	21 Griffin Drive
	Hessle
	HU13 0UA


Registered Number	13430277 (England and Wales)

Statement of Financial Position
30 June 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		21,239		388
			21,239		388
Current assets
Stocks		10,961		1,339
Debtors	4	6,293		6,940
Cash at bank and on hand		5,999		3,905
		23,253		12,184
Creditors amounts falling due within one year	5	(23,256)		(11,967)
Net current assets (liabilities)			(3)		217
Total assets less current liabilities			21,236		605
Creditors amounts falling due after one year	6		(18,603)		-
Provisions for liabilities			(1,725)		(74)
Net assets			908		531
Capital and reserves
Called up share capital			100		100
Profit and loss account			808		431
Shareholders' funds			908		531

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 30 July 2026, and are signed on its behalf by:

Lyth, Sam
Director
Registered Company No. 13430277

Freeflow Plumbing Ltd

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 July 25	708
	Additions	27,957
	At 30 June 26	28,665
	Depreciation and impairment
	At 01 July 25	320
	Charge for year	7,106
	At 30 June 26	7,426
	Net book value
	At 30 June 26	21,239
	At 30 June 25	388

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	1,604	1,934
Other debtors	4,689	5,006
Total	6,293	6,940

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	7,168	3,384
Taxation and social security	-	5,049
Finance lease and HP contracts	4,109	-
Other creditors	10,709	2,194
Accrued liabilities and deferred income	1,270	1,340
Total	23,256	11,967

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	18,603	-
Total	18,603	-

7.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	22,712		-

8.	Related party transactions
	At the balance sheet date, the company owed £1,355 (2025 - £2,194) to members of key management personnel. The loan is unsecured, interest free and repayable on demand. The loan is presented within creditors due within one year.