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REGISTERED NUMBER: 02200146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

PLUMBWELL LIMITED

PLUMBWELL LIMITED (REGISTERED NUMBER: 02200146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLUMBWELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: A N Day
D Scally
T S Milbery





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 02200146 (England and Wales)





ACCOUNTANTS: John Williams & Co
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

PLUMBWELL LIMITED (REGISTERED NUMBER: 02200146)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,885 26,476

CURRENT ASSETS
Stocks 73,986 81,052
Debtors 5 116,138 175,090
Cash at bank and in hand 98,531 82,090
288,655 338,232
CREDITORS
Amounts falling due within one year 6 230,400 231,411
NET CURRENT ASSETS 58,255 106,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,140

133,297

PROVISIONS FOR LIABILITIES 7 4,158 4,579
NET ASSETS 75,982 128,718

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 75,882 128,618
SHAREHOLDERS' FUNDS 75,982 128,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

PLUMBWELL LIMITED (REGISTERED NUMBER: 02200146)

BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 13 November 2023 and were signed on its behalf by:





A N Day - Director


PLUMBWELL LIMITED (REGISTERED NUMBER: 02200146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Plumbwell 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.

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 represents invoiced sales of goods and services provided by the company, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred. Rentals received are charged to the profit and loss account as incurred.

PLUMBWELL LIMITED (REGISTERED NUMBER: 02200146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 11,758 8,473 28,398 31,795 80,424
DEPRECIATION
At 1 March 2022 4,704 8,245 23,740 17,259 53,948
Charge for year 235 23 699 3,634 4,591
At 28 February 2023 4,939 8,268 24,439 20,893 58,539
NET BOOK VALUE
At 28 February 2023 6,819 205 3,959 10,902 21,885
At 28 February 2022 7,054 228 4,658 14,536 26,476

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,628 125,082
Other debtors 44,444 39,861
Prepayments and accrued income 12,066 10,147
116,138 175,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 151,347 172,901
Tax 15,628 21,480
VAT 15,561 4,166
Other creditors 32,864 32,864
Directors' current accounts 15,000 -
230,400 231,411

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Provision in year 4,158 4,579

PLUMBWELL LIMITED (REGISTERED NUMBER: 02200146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 4,579
Accelerated capital allowances (421 )
Balance at 28 February 2023 4,158

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2022 128,618
Profit for the year 60,981
Dividends (113,717 )
At 28 February 2023 75,882

10. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr A N Day and Mr D Scally, directors of the company.