Registration number: 05946086

Morpeth Plumbing & Heating Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Morpeth Plumbing & Heating Limited

Company Information

Directors

M Smith D. Pollard

Company secretary

K.A. Pollard

Registered office

8 South Side North Seaton Ashington Northumberland NE63 9YE

Morpeth Plumbing & Heating Limited

(Registration number: 05946086)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29,078	32,855
Current assets
Stocks		1,500	1,500
Debtors	5	71,809	31,171
Cash at bank and in hand		71,018	34,253
		144,327	66,924
Creditors: Amounts falling due within one year	6	(91,809)	(66,975)
Net current assets/(liabilities)		52,518	(51)
Total assets less current liabilities		81,596	32,804
Creditors: Amounts falling due after more than one year	6	(54,552)	(51,200)
Net assets/(liabilities)		27,044	(18,396)
Capital and Reserves
Called up share capital		2	2
Profit and loss account		27,042	(18,398)
Shareholders' funds/(deficit)		27,044	(18,396)

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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 November 2025 and signed on its behalf by:
 

......................................... D. Pollard Director

Morpeth Plumbing & Heating Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 South Side
North Seaton
Ashington
Northumberland
NE63 9YE

These financial statements were authorised for issue by the Board on 25 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants relating to the costs incurred by the company are recognised in the income statement over the period necessary to match them with costs that they are intended to compensate. Government grants are presented separately and disclosed in Other operating income in the income statement.

Morpeth Plumbing & Heating Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% reducing balance
Fixture & Fittings	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Morpeth Plumbing & Heating Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

Morpeth Plumbing & Heating Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	7,017	42,494	49,511
Additions	-	2,083	2,083
At 31 March 2025	7,017	44,577	51,594
Depreciation
At 1 April 2024	6,931	9,725	16,656
Charge for the year	22	5,838	5,860
At 31 March 2025	6,953	15,563	22,516
Carrying amount
At 31 March 2025	64	29,014	29,078
At 31 March 2024	86	32,769	32,855

Morpeth Plumbing & Heating Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

5

Debtors

	2025 £	2024 £
Trade debtors	61,100	25,436
Other debtors	10,709	5,735
	71,809	31,171

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	16,499	12,499
Trade creditors		37,821	17,660
Taxation and social security		6,118	7,126
Other creditors		31,371	29,690
		91,809	66,975

Creditors net obligations under hire purchase contracts which are secured over the assets to which they relate of £6,944 (2023 - £3,699).

The Director, D.Pollard has given personal guarantees to some trade creditors.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	54,552	51,200

Creditors include net obligations under hire purchase contracts which are secured of £14,820 (2024 - £21,764).

Morpeth Plumbing & Heating Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,555	5,555
Hire purchase contracts	6,944	6,944
	16,499	12,499

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	39,732	29,436
Hire purchase contracts	14,820	21,764
	54,552	51,200