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REGISTERED NUMBER: 13755348 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DMW Plumbing and Heating Ltd

DMW Plumbing and Heating Ltd (Registered number: 13755348)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


DMW Plumbing and Heating Ltd

COMPANY INFORMATION
for the year ended 31 December 2023







Directors: D Whittingham
Mrs V M Whittingham





Registered office: 5 Saltram Terrace
Plympton
Devon
PL7 1PT





Registered number: 13755348 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

DMW Plumbing and Heating Ltd (Registered number: 13755348)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 22,435 26,670

Current assets
Stocks 5 1,750 3,500
Debtors 6 4,170 3,271
Cash at bank and in hand 43,468 89,351
49,388 96,122
Creditors
Amounts falling due within one year 7 19,951 25,865
Net current assets 29,437 70,257
Total assets less current liabilities 51,872 96,927

Provisions for liabilities 4,263 -
Net assets 47,609 96,927

Capital and reserves
Called up share capital 8 100 100
Retained earnings 47,509 96,827
Shareholders' funds 47,609 96,927

DMW Plumbing and Heating Ltd (Registered number: 13755348)

BALANCE SHEET - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





D Whittingham - Director


DMW Plumbing and Heating Ltd (Registered number: 13755348)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

DMW Plumbing and Heating 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer. Turnover from the rendering of services is recognised by the reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


DMW Plumbing and Heating Ltd (Registered number: 13755348)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

DMW Plumbing and Heating Ltd (Registered number: 13755348)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 January 2023 835 29,387 30,222
Additions 1,091 - 1,091
At 31 December 2023 1,926 29,387 31,313
Depreciation
At 1 January 2023 124 3,428 3,552
Charge for year 133 5,193 5,326
At 31 December 2023 257 8,621 8,878
Net book value
At 31 December 2023 1,669 20,766 22,435
At 31 December 2022 711 25,959 26,670

5. STOCKS
2023 2022
£    £   
Stocks 1,750 3,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 648 3,186
Directors' current accounts 3,457 -
Prepayments 65 85
4,170 3,271

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,200 410
Amounts owed to group undertakings 6,005 -
Tax 2,100 14,580
Social security and other taxes 300 300
VAT 6,946 482
Directors' current accounts - 7,693
Accrued expenses 2,400 2,400
19,951 25,865

DMW Plumbing and Heating Ltd (Registered number: 13755348)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. CALLED UP SHARE CAPITAL

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
D Whittingham and Mrs V M Whittingham
Balance outstanding at start of year 7,694 -
Amounts advanced 46,944 113,993
Amounts repaid (58,094 ) (106,299 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,456 ) 7,694

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £6,005 to DMW Holdings Limited.
DMW Holdings Limikted is the holding company and no interest is charged on outstanding sums. All amounts are repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is a100% subsidiary of DMW Holdings Limited, a company registered in England and Wales,which in turn is wholly owned by Mr and Mrs Whittingham.