Aspect Plumbing & Heating Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05686233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ASPECT PLUMBING & HEATING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M Houghton

Mrs M Houghton

Mr D A Mitchard

REGISTERED OFFICE:

Acorn House

32 Lees Road

Knowsley Business Park

Liverpool

Merseyside

L33 7SE

REGISTERED NUMBER:

05686233 (England and Wales)

ACCOUNTANTS:

Livesey Spottiswood Ltd

Chartered Accountants

17 George Street

St Helens

Merseyside

WA10 1DB

FIXED ASSETS

Tangible assets

4

64,037

69,389

CURRENT ASSETS

Stocks

24,100

24,622

Debtors

1,612,481

996,785

Cash at bank and in hand

30,745

583,839

1,667,326

1,605,246

CREDITORS

Amounts falling due within one year

(1,491,248

)

(1,341,767

)

NET CURRENT ASSETS

176,078

263,479

TOTAL ASSETS LESS CURRENT
LIABILITIES

240,115

332,868

CREDITORS

Amounts falling due after more than one year

(6,823

)

(17,173

)

PROVISIONS FOR LIABILITIES

(16,000

)

(17,300

)

NET ASSETS

217,292

298,395

CAPITAL AND RESERVES

Called up share capital

7

500

Capital redemption reserve

500

Retained earnings

216,292

297,395

SHAREHOLDERS' FUNDS

217,292

298,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

Mr P M Houghton - Director

1.	STATUTORY INFORMATION

Aspect Plumbing & Heating Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:

Long term contracts

Profit on long term contracts is taken as the work is carried out, if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out by the year end by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract revenue which costs incurred to date bear to total expected costs for that contract. Revenue derived from variations on contracts is only recognised when they have been accepted by the customers. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first-in-first-out formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Employee benefits

When employees have rendered services to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2025 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

166,601

Additions

15,380

Disposals

(8,285

)

At 31 March 2026

173,696

DEPRECIATION

At 1 April 2025

97,212

Charge for year

20,686

Eliminated on disposal

(8,239

)

At 31 March 2026

109,659

NET BOOK VALUE

At 31 March 2026

64,037

At 31 March 2025

69,389

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

Within one year

996

600

Between one and five years

1,500

2,100

2,496

2,700

6.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank overdraft

106,065

-

Hire purchase contracts

26,216

35,608

132,281

35,608

Any bank borrowings are secured by a fixed charge over all freehold and leasehold property: first fixed charge over book and other debts, chattels, goodwill and uncalled capital and a floating charge over all assets and undertakings.

The hire purchase contracts are secured against the assets to which they relate.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

260

A Ordinary

£1

260

90

B Ordinary

£1

90

125

F Ordinary

£1

125

25

E Ordinary

£1

25

500