Company No: 04692993 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR	Mrs C L Few (Resigned 03 September 2024)
	Mr M J Few

REGISTERED OFFICE	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

COMPANY NUMBER

04692993 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	5	90,907		43,218
		90,907		43,218
Current assets
Stocks		54,449		45,159
Debtors	6	173,680		124,065
Cash at bank and in hand		320,454		755,407
		548,583		924,631
Creditors: amounts falling due within one year	7	( 270,193)		( 192,504)
Net current assets		278,390		732,127
Total assets less current liabilities		369,297		775,345
Creditors: amounts falling due after more than one year	8	( 15,215)		0
Provision for liabilities		( 22,727)		( 10,805)
Net assets		331,355		764,540
Capital and reserves
Called-up share capital	9	1		1
Profit and loss account		331,354		764,539
Total shareholder's funds		331,355		764,540

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has 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 Profit and Loss Account has not been delivered.

The financial statements of M J Few Plumbing & Heating Limited (registered number: 04692993) were approved and authorised for issue by the Director on 06 November 2025. They were signed on its behalf by:

Mr M J Few 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

M J Few 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 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

On the basis that customer retentions being received are uncertain, these are recognised as turnover when the amounts are received.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Intangible assets

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years. The director is happy that a reliable estimate can be made that Goodwill will last this long.

Goodwill

20 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 straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	4		5

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	30,800		30,800
At 31 March 2025	30,800		30,800
Accumulated amortisation
At 01 April 2024	30,800		30,800
At 31 March 2025	30,800		30,800
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

5. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2024	5,668		148,732		7,187		161,587
Additions	750		68,265		1,716		70,731
Disposals	0		( 23,378)		0		( 23,378)
At 31 March 2025	6,418		193,619		8,903		208,940
Accumulated depreciation
At 01 April 2024	4,432		110,621		3,316		118,369
Charge for the financial year	279		20,983		655		21,917
Disposals	0		( 22,253)		0		( 22,253)
At 31 March 2025	4,711		109,351		3,971		118,033
Net book value
At 31 March 2025	1,707		84,268		4,932		90,907
At 31 March 2024	1,236		38,111		3,871		43,218

6. Debtors

	2025		2024
	£		£
Trade debtors	59,771		74,400
Amounts owed by Parent undertakings	14,788		9,003
Amounts owed by related parties	0		6,720
Corporation tax	6,376		0
Other debtors	92,745		33,942
	173,680		124,065

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	238,755		113,931
Taxation and social security	1,804		62,774
Obligations under finance leases and hire purchase contracts	11,020		0
Other creditors	18,614		15,799
	270,193		192,504

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	15,215		0

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

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 (2024: nil shares)	1		0
Nil ordinary share (2024: 1 share of £ 1.00 )	0		1
	1		1

10. Related party transactions

At the year end, the parent company, MJF & CLF Limited, owed the company £14,788 (2024: £9,003).

At the year end, £0 (2024: £6,720) was owed by MJF & CLF Properties Limited, a company owned by both Martin and Clare Few until 2nd September 2024, after which it was wholly owned by Clare Few only. The amount owed at the end of 2024 was waived via a written resolution.

Rent of £2,400 (2024: £2,400) was charged by Martin Few in respect of office space at his private residence.

At the year end, included in other debtors was a balance of £0 which was owed by Martin Few. In 2024, there was a balance of £4,395 owing to Martin Few and Clare Few.

11. Ultimate controlling party

Parent Company:

MJF & CLF Ltd

264 Banbury Road, Oxford, Oxfordshire, England, OX2 7DY.