Pace Plumbing and Heating Ltd - Filleted accounts

Registered number

10463198

Pace Plumbing and Heating Ltd

Filleted Accounts

30 November 2025

Pace Plumbing and Heating Ltd
Registered number:		10463198
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		50,897			62,910

Current assets
Stocks		12,500			12,500
Debtors	4	33,409			15,016
Cash at bank and in hand		5,927			-
		51,836			27,516

Creditors: amounts falling due within one year	5	(40,333)			(9,318)

Net current assets			11,503			18,198

Total assets less current liabilities			62,400			81,108

Creditors: amounts falling due after more than one year	6		(15,187)			(26,308)



Net assets			47,213			54,800

Capital and reserves
Called up share capital			1			1
Profit and loss account			47,212			54,799

Shareholders' funds			47,213			54,800

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




James Pace
Director
Approved by the board on 20 August 2026

Pace Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. 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 (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.












	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 December 2024	3,111		85,007		88,118
	Additions	712		-		712
	At 30 November 2025	3,823		85,007		88,830

	Depreciation
	At 1 December 2024	1,820		23,388		25,208
	Charge for the year	401		12,324		12,725
	At 30 November 2025	2,221		35,712		37,933

	Net book value
	At 30 November 2025	1,602		49,295		50,897
	At 30 November 2024	1,291		61,619		62,910


4	Debtors			2025		2024
£					£

	Trade debtors			33,409		15,000
	Other debtors			-		16
				33,409		15,016


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			-		5,671
	Trade creditors			21,524		-
	Taxation and social security costs			11,764		3,485
	VAT			6,513		-
	Directors Loan Account			532		162
				40,333		9,318


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			15,187		26,308


7	Other information

	Pace Plumbing and Heating Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	13 Dakota Drive
	Bristol
	BS14 0TF