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REGISTERED NUMBER: 06077315 (England and Wales)






C & D (Leeds) Plumbers Merchants Limited

Financial Statements

for the Period 1 June 2022 to 31 March 2023






C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Contents of the Financial Statements
for the period 1 June 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & D (Leeds) Plumbers Merchants Limited

Company Information
for the period 1 June 2022 to 31 March 2023







DIRECTORS: Mr J Clydesdale
Mr C D Drake
Mr M D Fowler





SECRETARY: Mr C D Drake





REGISTERED OFFICE: Riverside House
Gelderd Road
Leeds
West Yorkshire
LS12 6DR





REGISTERED NUMBER: 06077315 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 223,634 113,106
Investments 5 100 100
223,734 113,206

CURRENT ASSETS
Stocks 1,276,979 1,050,381
Debtors 6 1,848,300 2,372,195
Cash at bank and in hand 33,526 243,798
3,158,805 3,666,374
CREDITORS
Amounts falling due within one year 7 1,327,534 2,175,587
NET CURRENT ASSETS 1,831,271 1,490,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,055,005

1,603,993

CREDITORS
Amounts falling due after more than one
year

8

(73,147

)

-

PROVISIONS FOR LIABILITIES (25,711 ) (12,591 )
NET ASSETS 1,956,147 1,591,402

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 10,750 10,750
Retained earnings 1,945,397 1,580,652
SHAREHOLDERS' FUNDS 1,956,147 1,591,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 5 February 2024 and were signed on its behalf by:





Mr J Clydesdale - Director


C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements
for the period 1 June 2022 to 31 March 2023


1. STATUTORY INFORMATION

C & D (Leeds) Plumbers Merchants 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Plant and machinery - 16.67% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Tangible fixed assets are initially recorded at cost.

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 period 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 period 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.

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements - continued
for the period 1 June 2022 to 31 March 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments
Investments are recorded at cost.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 June 2022 69,044 49,599 98,906
Additions 17,549 12,500 11,442
Disposals - - (4,743 )
At 31 March 2023 86,593 62,099 105,605
DEPRECIATION
At 1 June 2022 24,280 48,752 43,170
Charge for period 7,349 1,918 9,334
Eliminated on disposal - - (4,743 )
At 31 March 2023 31,629 50,670 47,761
NET BOOK VALUE
At 31 March 2023 54,964 11,429 57,844
At 31 May 2022 44,764 847 55,736

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements - continued
for the period 1 June 2022 to 31 March 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 June 2022 - 90,370 307,919
Additions 107,744 9,005 158,240
Disposals - (4,205 ) (8,948 )
At 31 March 2023 107,744 95,170 457,211
DEPRECIATION
At 1 June 2022 - 78,611 194,813
Charge for period 22,447 6,352 47,400
Eliminated on disposal - (3,893 ) (8,636 )
At 31 March 2023 22,447 81,070 233,577
NET BOOK VALUE
At 31 March 2023 85,297 14,100 223,634
At 31 May 2022 - 11,759 113,106

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 June 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 May 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,711,514 1,701,634
Amounts owed by group undertakings 9,250 279,250
Other debtors 21,168 7,302
RBS invoice finance account - 253,962
Tax 58,107 71,177
Prepayments and accrued income 48,261 58,870
1,848,300 2,372,195

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements - continued
for the period 1 June 2022 to 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 20,341 -
Trade creditors 652,883 685,691
Amounts owed to participating interests 13,415 -
Social security and other taxes 2,688 10,559
VAT 69,049 114,460
Proposed dividends 33,000 -
Invoice finance 190,802 -
Directors' current accounts 1,734 -
Accruals and deferred income 343,622 1,364,877
1,327,534 2,175,587

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts 73,147 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 31 May 2022:

2023 2022
£ £
Mr J Clydesdale
Balance outstanding at start of period - 4,500
Amounts repaid - (4,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

10. RELATED PARTY DISCLOSURES

Dividends of £177,000 (2022: £99,000) were paid to the wives and sons of the directors.