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REGISTERED NUMBER: 07298734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

PLUMB PLUS SUPPLIES LTD

PLUMB PLUS SUPPLIES LTD (REGISTERED NUMBER: 07298734)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PLUMB PLUS SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Mr P M Hopkinson





REGISTERED OFFICE: Mercury House
19/21 Chapel Street
Marlow
Bucks
SL7 3HN





REGISTERED NUMBER: 07298734 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

PLUMB PLUS SUPPLIES LTD (REGISTERED NUMBER: 07298734)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 25,310 36,068

CURRENT ASSETS
Stocks 91,000 121,000
Debtors 5 217,010 334,068
Cash at bank and in hand 413,348 396,676
721,358 851,744
CREDITORS
Amounts falling due within one year 6 268,209 360,303
NET CURRENT ASSETS 453,149 491,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,459

527,509

CREDITORS
Amounts falling due after more than one
year

7

15,599

25,706
NET ASSETS 462,860 501,803

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 5 5
Retained earnings 461,855 500,798
SHAREHOLDERS' FUNDS 462,860 501,803

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7th August 2024 and were signed by:



Mr P M Hopkinson - Director


PLUMB PLUS SUPPLIES LTD (REGISTERED NUMBER: 07298734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Plumb Plus Supplies Ltd 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 - 20% on cost and in accordance with the lease

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st January 2023
and 31st December 2023 177,537
DEPRECIATION
At 1st January 2023 141,469
Charge for year 10,758
At 31st December 2023 152,227
NET BOOK VALUE
At 31st December 2023 25,310
At 31st December 2022 36,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 210,851 329,173
Other debtors 6,159 4,895
217,010 334,068

PLUMB PLUS SUPPLIES LTD (REGISTERED NUMBER: 07298734)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 10,107 9,880
Hire purchase contracts - 3,972
Trade creditors 216,938 282,753
Taxation and social security 23,186 35,925
Other creditors 17,978 27,773
268,209 360,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans 15,599 25,706