REGISTERED NUMBER: 05294593 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

PARSONS PLUMBING & HEATING LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N R Parsons

SECRETARY:

REGISTERED OFFICE:

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

BUSINESS ADDRESS:

Unit No 3 Baswich Business Park

Tilcon Avenue

Baswich

Stafford

Staffordshire

ST18 0YL

REGISTERED NUMBER:

05294593 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

142,683

102,890

CURRENT ASSETS

Stocks

4,620

-

Debtors

5

313,568

329,813

Prepayments and accrued income

10,521

9,517

Cash at bank and in hand

854,775

770,693

1,183,484

1,110,023

CREDITORS

Amounts falling due within one year

6

296,276

287,438

NET CURRENT ASSETS

887,208

822,585

TOTAL ASSETS LESS CURRENT LIABILITIES

1,029,891

925,475

CREDITORS

Amounts falling due after more than one year

7

(54,629

)

(23,668

)

PROVISIONS FOR LIABILITIES

9

(29,800

)

(25,700

)

NET ASSETS

945,462

876,107

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

945,460

876,105

SHAREHOLDERS' FUNDS

945,462

876,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 26 August 2026 and were signed by:

N R Parsons - Director

1.	STATUTORY INFORMATION

Parsons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

329,030

Additions

94,282

Disposals

(14,094

)

At 30 November 2025

409,218

DEPRECIATION

At 1 December 2024

226,140

Charge for year

48,543

Eliminated on disposal

(8,148

)

At 30 November 2025

266,535

NET BOOK VALUE

At 30 November 2025

142,683

At 30 November 2024

102,890

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2024

180,218

Additions

93,726

Disposals

(14,094

)

Transfer to ownership

(16,652

)

At 30 November 2025

243,198

DEPRECIATION

At 1 December 2024

98,653

Charge for year

41,019

Eliminated on disposal

(8,148

)

Transfer to ownership

(11,383

)

At 30 November 2025

120,141

NET BOOK VALUE

At 30 November 2025

123,057

At 30 November 2024

81,565

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

313,568

329,813

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

39,912

38,950

Trade creditors

114,073

153,347

Taxation and social security

92,283

53,400

Other creditors

50,008

41,741

296,276

287,438

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

54,629

23,668

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

94,541

62,618

Hire Purchase creditors are secured by a charge over the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

29,800

25,700

Deferred

tax

£

Balance at 1 December 2024

25,700

Provided during year

4,100

Balance at 30 November 2025

29,800

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.	RELATED PARTY DISCLOSURES

The company received an interest free loan from Parsons Domestic Services Ltd during the year. At the year end the balance outstanding was £370 (2024:(£370), a company under common control.