Company No: 08415222 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	23,586		31,838
		23,586		31,838
Current assets
Stocks		9,000		22,500
Debtors	4	6,542		25,890
Cash at bank and in hand		55,922		39,662
		71,464		88,052
Creditors: amounts falling due within one year	5	( 28,862)		( 47,803)
Net current assets		42,602		40,249
Total assets less current liabilities		66,188		72,087
Creditors: amounts falling due after more than one year	6	( 21,558)		( 27,225)
Provision for liabilities		( 5,937)		( 7,941)
Net assets		38,693		36,921
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		38,593		36,821
Total shareholders' funds		38,693		36,921

For the financial year ending 28 February 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 Saffron Plumbing and Heating Limited (registered number: 08415222) were approved and authorised for issue by the Board of Directors on 12 October 2026. They were signed on its behalf by:

Mr E J Johnston 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

Saffron Plumbing and 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 39 Kenwith Drive, Kingsbridge, TQ7 1DU, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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 is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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	20 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	20 % reducing balance
Office equipment	20 % reducing balance
Computer equipment	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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 March 2025	5,979		54,061		3,299		1,406		416		65,161
Additions	0		23,881		0		0		807		24,688
Disposals	0		( 42,251)		0		0		0		( 42,251)
At 28 February 2026	5,979		35,691		3,299		1,406		1,223		47,598
Accumulated depreciation
At 01 March 2025	3,771		25,534		2,897		1,038		83		33,323
Charge for the financial year	442		5,073		80		75		229		5,899
Disposals	0		( 15,210)		0		0		0		( 15,210)
At 28 February 2026	4,213		15,397		2,977		1,113		312		24,012
Net book value
At 28 February 2026	1,766		20,294		322		293		911		23,586
At 28 February 2025	2,208		28,527		402		368		333		31,838

4. Debtors

	2026		2025
	£		£
Trade debtors	4,932		24,464
Prepayments	1,610		1,426
	6,542		25,890

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	8,048		22,619
Accruals	3,308		3,570
Taxation and social security	13,972		15,100
Obligations under finance leases and hire purchase contracts	0		3,123
Other creditors	3,534		3,391
	28,862		47,803

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

	2026		2025
	£		£
Amounts owed to directors	21,558		20,980
Obligations under finance leases and hire purchase contracts	0		6,245
	21,558		27,225

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100