Headington Heating and Plumbing Supplies Ltd


HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2026































Company Registration Number: 10672537

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 10

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2026


DIRECTOR

K L Jeffs


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ


COMPANY REGISTRATION NUMBER

10672537 England and Wales

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

BALANCE SHEET
AS AT 31 MARCH 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Intangible assets	5		-		20,000
Tangible assets	6		9,270		1,393


			9,270		21,393

CURRENT ASSETS
Stock		147,404		135,674
Debtors	7	43,492		40,630
Cash at bank and in hand		36,661		58,374


		227,557		234,678

CREDITORS: Amounts falling due within one year	8	222,284		256,537
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS / (LIABILITIES)			5,273		(21,859)


TOTAL ASSETS LESS CURRENT LIABILITIES			14,543		(466)

Provisions for liabilities and charges			1,761		265


NET ASSETS / (LIABILITIES)			12,782		(731)


CAPITAL AND RESERVES
Called up share capital			100		100
Distributable profit and loss account			12,682		(831)


SHAREHOLDER'S FUNDS / (DEFICIT)			12,782		(731)

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

BALANCE SHEET
AS AT 31 MARCH 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




K L Jeffs
Director

Date approved by the board: 4 August 2026

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


1	GENERAL INFORMATION

	Headington Heating and Plumbing Supplies Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:

	Registered office	Principal place of business
	C9 Glyme Court	57 Lime Walk
	Oxford Office Village	Headington
	Langford Lane	Oxford
	Kidlington	OX3 7AB
	Oxford
	OX5 1LQ

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its director £125,108 which could be required for repayment without notice. The company is therefore dependent upon the continued support of the director. The director does not consider this support likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents the sale of plumbing and heating supplies, stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Intangible fixed assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

	Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be five years. Goodwill has now been fully amortised.

	If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Office equipment					25% reducing balance basis
	Motor vehicles					25% reducing balance basis

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

		2026	2025
	Average number of employees	5	5

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


5	INTANGIBLE FIXED ASSETS
				Goodwill
				£
	Cost
	At 1 April 2025			100,000


	At 31 March 2026			100,000


	Accumulated amortisation and impairments
	At 1 April 2025			80,000

	Charge for year			20,000


	At 31 March 2026			100,000


	Net book value
	At 1 April 2025			20,000


	At 31 March 2026			-


6	TANGIBLE ASSETS
		Office equipment	Motor vehicles	Total
		£	£	£
	Cost
	At 1 April 2025	1,617	1,683	3,300

	Additions	-	9,975	9,975

	Disposals	-	(1,683)	(1,683)


	At 31 March 2026	1,617	9,975	11,592


	Accumulated depreciation and impairments
	At 1 April 2025	756	1,151	1,907

	Charge for year	215	1,412	1,627

	Disposals	-	(1,212)	(1,212)


	At 31 March 2026	971	1,351	2,322


	Net book value
	At 1 April 2025	861	532	1,393


	At 31 March 2026	646	8,624	9,270

HEADINGTON HEATING AND PLUMBING SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


7	DEBTORS
			2026	2025
			£	£
	Trade debtors		40,881	38,880
	Prepayments and accrued income		2,611	1,750


			43,492	40,630


8	CREDITORS: Amounts falling due within one year
			2026	2025
			£	£
	Trade creditors		77,240	78,809
	Taxation and social security		16,936	20,947
	Accruals and deferred income		3,000	3,000
	Other creditors		125,108	153,781


			222,284	256,537


9	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	K L Jeffs
	Director and shareholder		2026	2025
			£	£
	Advances to company	The director / shareholder has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director / shareholder the following amount:	125,108	153,781