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Registration number: 07736371

D Prouse Plumbing & Heating Engineers Ltd Annual Report and Unaudited Financial Statements for the year ended 31 December 2025

D Prouse Plumbing & Heating Engineers Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

D Prouse Plumbing & Heating Engineers Ltd

(Registration number: 07736371)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed Assets |  |  |
Tangible Assets | 4 | 13,257 | 16,392
Current assets |  |  |
Stocks | 5 | 1,625 | 1,575
Debtors | 6 | 24,820 | 28,825
Cash at bank and in hand |  | 83,502 | 102,019
|  | 109,947 | 132,419
Creditors: Amounts falling due within one year | 7 | (34,359) | (46,774)
Net current assets |  | 75,588 | 85,645
Total assets less current liabilities |  | 88,845 | 102,037
Provisions for liabilities |  | (3,314) | (4,098)
Net assets |  | 85,531 | 97,939
Capital and Reserves |  |  |
Called up share capital | 10 | 100 | 100
Retained Earnings |  | 85,431 | 97,839
Shareholders' funds |  | 85,531 | 97,939

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised for issue by the Board on 3 August 2026 and signed on its behalf by:

Mr D Prouse

Director

D Prouse Plumbing & Heating Engineers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
35 Bay View Road
Northam
BIDEFORD
Devon
EX39 1BH

These financial statements were authorised for issue by the Board on 3 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

D Prouse Plumbing & Heating Engineers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible Assets

Tangible Assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance basis
Office equipment | 15% reducing balance basis
Motor vehicles | 25% reducing balance basis

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefit relating to employee service in the current and prior period.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

D Prouse Plumbing & Heating Engineers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Financial instruments

Classification
Basic ﬁnancial assets include trade and other debtors, cash and bank balances. Basic ﬁnancial liabilities include trade and other payables, bank loans and preference shares that are classiﬁed as debt.
Recognition and measurement
Basic financial assets are initially recognised at transaction price, unless the arrangement constitutes a ﬁnancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. Other debtors are classified as current assets if payment is due within one year or less and are initially recorded at transaction price and subsequently measured at the undiscounted amount of the cash expected to be received. Trade debtors are referred to above.
Basic financial liabilities are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Other creditors are classiﬁed as current liabilities if payment is due within one year or less and are recognised initially at transaction price and subsequently measured at the undiscounted amount of the cash expected to be paid. If not, they are presented as non-current liabilities and are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Trade creditors and leases are referred to above.
Impairment
At the end of each reporting period ﬁnancial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash ﬂows discounted at the asset’s original effective interest rate. The impairment loss is recognised in proﬁt or loss.
If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in proﬁt or loss.

3 | Staff numbers

The average number of persons employed by the company (including directors under service contract) during the year, was 3 (2024 - 3).

D Prouse Plumbing & Heating Engineers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible Assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 2,330 | 3,271 | 40,905 | 46,506
Additions | 699 | 100 | - | 799
At 31 December 2025 | 3,029 | 3,371 | 40,905 | 47,305
Depreciation
At 1 January 2025 | 1,439 | 1,754 | 26,921 | 30,114
Charge for the year | 205 | 233 | 3,496 | 3,934
At 31 December 2025 | 1,644 | 1,987 | 30,417 | 34,048
Carrying amount
At 31 December 2025 | 1,385 | 1,384 | 10,488 | 13,257
At 31 December 2024 | 891 | 1,517 | 13,984 | 16,392

5 | Stocks

| 2025 £ | 2024 £
Raw material and consumables | 1,625 | 1,575

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade Debtors |  | 16,260 | 27,302
Amounts owed by related parties | 9 | 7,245 | -
Prepayments |  | 1,315 | 1,523
|  | 24,820 | 28,825

D Prouse Plumbing & Heating Engineers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | - | 2,539
Trade Creditors |  | 9,891 | 7,124
Taxation and social security |  | 21,867 | 34,389
Accruals and deferred income |  | 2,449 | 2,722
Other creditors |  | 152 | -
|  | 34,359 | 46,774

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Loans from related parties | - | 2,539

9 | Related party transactions

Transactions with directors

2025 | At 1 January 2025 £ | Advances to director £ | Repayments by director £ | At 31 December 2025 £
Interest free loan | (2,539) | 30,000 | (20,216) | 7,245

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 25,152 | 25,152

D Prouse Plumbing & Heating Engineers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100