IRIS Accounts Production v24.1.0.578 10888018 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108880182022-07-31108880182023-07-31108880182022-08-012023-07-31108880182021-07-31108880182021-08-012022-07-31108880182022-07-3110888018ns15:EnglandWales2022-08-012023-07-3110888018ns14:PoundSterling2022-08-012023-07-3110888018ns10:Director12022-08-012023-07-3110888018ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3110888018ns10:SmallEntities2022-08-012023-07-3110888018ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3110888018ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3110888018ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3110888018ns10:FullAccounts2022-08-012023-07-3110888018ns10:OrdinaryShareClass12022-08-012023-07-3110888018ns10:Director22022-08-012023-07-3110888018ns10:RegisteredOffice2022-08-012023-07-3110888018ns5:CurrentFinancialInstruments2023-07-3110888018ns5:CurrentFinancialInstruments2022-07-3110888018ns5:Non-currentFinancialInstruments2023-07-3110888018ns5:Non-currentFinancialInstruments2022-07-3110888018ns5:ShareCapital2023-07-3110888018ns5:ShareCapital2022-07-3110888018ns5:RetainedEarningsAccumulatedLosses2023-07-3110888018ns5:RetainedEarningsAccumulatedLosses2022-07-3110888018ns5:PlantMachinery2022-08-012023-07-3110888018ns5:PlantMachinery2022-07-3110888018ns5:PlantMachinery2023-07-3110888018ns5:PlantMachinery2022-07-3110888018ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3110888018ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3110888018ns10:OrdinaryShareClass12023-07-31108880181ns10:Director12022-07-31108880181ns10:Director12021-07-31108880181ns10:Director12022-08-012023-07-31108880181ns10:Director12021-08-012022-07-31108880181ns10:Director12023-07-31108880181ns10:Director12022-07-31
REGISTERED NUMBER: 10888018 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PLUMBING & DRAINAGE SOLUTIONS LIMITED
TRADING AS
PDS

PLUMBING & DRAINAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 10888018)
TRADING AS PDS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLUMBING & DRAINAGE SOLUTIONS LIMITED
TRADING AS PDS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: A C Morgan
H J Morgan





REGISTERED OFFICE: The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ





REGISTERED NUMBER: 10888018 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

PLUMBING & DRAINAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 10888018)
TRADING AS PDS

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,809 880

CURRENT ASSETS
Stocks 8,000 6,000
Debtors 5 69,304 27,689
Cash at bank and in hand 17,252 25,776
94,556 59,465
CREDITORS
Amounts falling due within one year 6 80,977 27,458
NET CURRENT ASSETS 13,579 32,007
TOTAL ASSETS LESS CURRENT LIABILITIES 29,388 32,887

CREDITORS
Amounts falling due after more than one
year

7

29,170

-
NET ASSETS 218 32,887

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 217 32,886
SHAREHOLDERS' FUNDS 218 32,887

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

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

PLUMBING & DRAINAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 10888018)
TRADING AS PDS

BALANCE SHEET - continued
31 JULY 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 15 April 2024 and were signed on its behalf by:





A C Morgan - Director


PLUMBING & DRAINAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 10888018)
TRADING AS PDS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Plumbing & Drainage Solutions 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 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.
Plant and machinery etc - 25% on cost and 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PLUMBING & DRAINAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 10888018)
TRADING AS PDS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 2,921
Additions 20,199
At 31 July 2023 23,120
DEPRECIATION
At 1 August 2022 2,041
Charge for year 5,270
At 31 July 2023 7,311
NET BOOK VALUE
At 31 July 2023 15,809
At 31 July 2022 880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,241 14,060
Other debtors 25,063 13,629
69,304 27,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,251 -
Trade creditors 7,666 5,904
Taxation and social security 33,238 18,694
Other creditors 28,822 2,860
80,977 27,458

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,170 -

PLUMBING & DRAINAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 10888018)
TRADING AS PDS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary .01 1 1

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
A C Morgan
Balance outstanding at start of year (141 ) (12,549 )
Amounts advanced 102,874 50,616
Amounts repaid (81,275 ) (38,208 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,458 (141 )

No interest has been charged. Balance is repayable on demand.