Company No: 09042972 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	39,562		3,300
		39,562		3,300
Current assets
Stocks	5	7,500		7,500
Debtors	6	141,470		185,088
Cash at bank and in hand		5,008		7,011
		153,978		199,599
Creditors: amounts falling due within one year	7	( 98,028)		( 113,723)
Net current assets		55,950		85,876
Total assets less current liabilities		95,512		89,176
Creditors: amounts falling due after more than one year	8	( 29,084)		( 1,667)
Net assets		66,428		87,509
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		66,426		87,507
Total shareholders' funds		66,428		87,509

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Coleman Plumbing & Heating Limited (registered number: 09042972) were approved and authorised for issue by the Director on 08 September 2026. They were signed on its behalf by:

Mr K D Coleman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Coleman Plumbing & Heating Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is First Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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 value added tax and trade discounts.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	9		7

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	60,000		60,000
Disposals	( 60,000)		( 60,000)
At 31 March 2026	0		0
Accumulated amortisation
At 01 April 2025	60,000		60,000
Disposals	( 60,000)		( 60,000)
At 31 March 2026	0		0
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 April 2025	7,636		0		7,636
Additions	0		38,161		38,161
At 31 March 2026	7,636		38,161		45,797
Accumulated depreciation
At 01 April 2025	4,336		0		4,336
Charge for the financial year	495		1,404		1,899
At 31 March 2026	4,831		1,404		6,235
Net book value
At 31 March 2026	2,805		36,757		39,562
At 31 March 2025	3,300		0		3,300

5. Stocks

	2026		2025
	£		£
Stocks	7,500		7,500

6. Debtors

	2026		2025
	£		£
Trade debtors	5,633		19,536
Other debtors	135,837		165,552
	141,470		185,088

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts (secured £ 31,700)	33,367		31,120
Trade creditors	24,968		23,081
Taxation and social security	35,211		54,749
Other creditors	4,482		4,773
	98,028		113,723

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	29,084		1,667

The loan under creditors falling due after more than one year and under creditors due within one year is with Lloyds Bank PLC and carries an interest rate of 9.5%, fixed for the term of the loan.

A personal guarantee has been given by the director.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

10. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £25,741 (2025: £16,038).

11. Related party transactions

Transactions with the entity's director

	2026		2025
	£		£
Director 1	(135,837)		(165,552)

Advances made to the director during the year ended 31 March 2026 totalled £138,694 (2025: £172,378) of which £168,409 (2025: £164,346) has been repaid during the year. As at 31 March 2026, the amount due to the company was £135,837 (2025: £165,552).

Interest is charged on the loan at HMRC's official rate of interest, and the loan is repayable on demand.