Pentland Plumbing Services Ltd

Pentland Plumbing Services Ltd
Registered number:		05360765
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			1,600
Tangible assets	4		85,403			146,787
			85,403			148,387

Current assets
Debtors	5	152,890			169,581
Cash at bank and in hand		3,824			3,681
		156,714			173,262

Creditors: amounts falling due within one year	6	(150,320)			(172,378)

Net current assets			6,394			884

Total assets less current liabilities			91,797			149,271

Creditors: amounts falling due after more than one year	7		(78,816)			(135,229)

Provisions for liabilities			(12,672)			(13,597)


Net assets			309			445

Capital and reserves
Called up share capital			100			100
Profit and loss account			209			345

Shareholders' funds			309			445

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.


Mr K Hooper
Director
Approved by the board on 26 November 2025

Pentland Plumbing Services Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery etc	15%-25% Reducing balance
	Motor vehicles	25% Reducing balance

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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			11		8


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 March 2024					28,000
	At 28 February 2025					28,000

	Amortisation
	At 1 March 2024					26,400
	Provided during the year					1,600
	At 28 February 2025					28,000

	Net book value
	At 28 February 2025					-
	At 29 February 2024					1,600

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	12,074		172,364		184,438
	Additions	-		17,975		17,975
	Disposals	-		(69,000)		(69,000)
	At 28 February 2025	12,074		121,339		133,413

	Depreciation
	At 1 March 2024	7,530		30,121		37,651
	Charge for the year	915		25,257		26,172
	On disposals	-		(15,813)		(15,813)
	At 28 February 2025	8,445		39,565		48,010

	Net book value
	At 28 February 2025	3,629		81,774		85,403
	At 29 February 2024	4,544		142,243		146,787


5	Debtors			2025		2024
£					£

	Trade debtors			137,914		150,280
	Other debtors			14,976		19,301
				152,890		169,581

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

	Bank loans and overdrafts			24,109		22,529
	Obligations under finance lease and HP contracts			12,898		14,135
	Trade creditors			49,416		61,107
	Amounts owed to related party			6,000		-
	Corporation tax			41,311		20,634
	Other taxes and social security costs			14,165		6,550
	Other creditors			2,421		47,423
				150,320		172,378


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

	Bank loans			-		4,937
	Obligations under finance lease and HP contracts			70,816		130,292
	Amounts owed to related party			8,000		-
				78,816		135,229


8	Loans			2025		2024
£					£
	Creditors include:

	Secured obligations under finance lease and HP contracts			83,714		144,427

	At 31 May 2025, the company had outstanding obligations under finance lease and hire purchase contracts of £83,714 (2024: £144,427). These liabilities are secured on the underlying assets to which they relate and are included within creditors falling due within one year and after more than one year, as appropriate.


9	Related party transactions

	At the balance sheet date, the company owed a total of £14,000 (2024: £nil) to the father of the director. This balance comprises £6,000 included within creditors falling due within one year and £8,000 included within creditors falling due after more than one year. The amounts are unsecured and repayable on demand. No guarantees were given in respect of these balances.


10	Other information

	Pentland Plumbing Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	F1 Fareham Heights
	Standard Way
	Fareham
	Hants
	PO16 8XT