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REGISTERED NUMBER: 04438050 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hazel Grove Plumbing Supplies Limited

Hazel Grove Plumbing Supplies Limited (Registered number: 04438050)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hazel Grove Plumbing Supplies Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A C Hosler





REGISTERED OFFICE: Marcliffe Industrial Estate,
1 Macclesfield Road
Hazel Grove
Stockport
Cheshire
SK7 5EG





REGISTERED NUMBER: 04438050 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Hazel Grove Plumbing Supplies Limited (Registered number: 04438050)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,599 23,464
17,599 23,464

CURRENT ASSETS
Stocks 257,110 219,354
Debtors 6 2,077,507 2,122,844
Cash at bank and in hand 828,742 744,902
3,163,359 3,087,100
CREDITORS
Amounts falling due within one year 7 594,413 696,384
NET CURRENT ASSETS 2,568,946 2,390,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,586,545

2,414,180

PROVISIONS FOR LIABILITIES 5,210 6,643
NET ASSETS 2,581,335 2,407,537

CAPITAL AND RESERVES
Called up share capital 9 500,010 500,010
Capital redemption reserve 10 500,001 500,001
Retained earnings 10 1,581,324 1,407,526
SHAREHOLDERS' FUNDS 2,581,335 2,407,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Hazel Grove Plumbing Supplies Limited (Registered number: 04438050)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Mr A C Hosler - Director


Hazel Grove Plumbing Supplies Limited (Registered number: 04438050)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hazel Grove Plumbing Supplies 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned parent within the group.

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

Rent receivable represents the invoice value of rental income receivable net of value added tax.

Bank and other interest is recognised in the period in which it is received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33.33% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

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 Statement of Income and Retained Earnings, 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.


Hazel Grove Plumbing Supplies Limited (Registered number: 04438050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

Hire purchase and leasing commitments
Asset obtained under hire purchase contracts or finance lease are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit and loss account over the relevant period. The capital element of the future payments is treated as liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

Going concern
The company's financial statements for the year ended 31 March 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,107,827
AMORTISATION
At 1 April 2023
and 31 March 2024 1,107,827
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Hazel Grove Plumbing Supplies Limited (Registered number: 04438050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,120 41,699 10,781
DEPRECIATION
At 1 April 2023 2,120 39,313 9,439
Charge for year - 596 335
At 31 March 2024 2,120 39,909 9,774
NET BOOK VALUE
At 31 March 2024 - 1,790 1,007
At 31 March 2023 - 2,386 1,342

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 53,799 20,737 129,136
DEPRECIATION
At 1 April 2023 37,362 17,438 105,672
Charge for year 4,109 825 5,865
At 31 March 2024 41,471 18,263 111,537
NET BOOK VALUE
At 31 March 2024 12,328 2,474 17,599
At 31 March 2023 16,437 3,299 23,464

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 206,984 256,976
Other debtors 1,775 1,775
Prepayments 22,739 20,057
231,498 278,808

Hazel Grove Plumbing Supplies Limited (Registered number: 04438050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 1,846,009 1,844,036

Aggregate amounts 2,077,507 2,122,844

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 309,957 407,675
Taxation and social security 166,223 138,396
Other creditors 118,233 150,313
594,413 696,384

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 46,205 106,038

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
350,004 Ordinary "A" £1 350,004 350,004
100,002 Ordinary "B" £1 100,002 100,002
25,002 Ordinary "C" £1 25,002 25,002
25,002 Ordinary "D" £1 25,002 25,002
500,010 500,010

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 1,407,526 500,001 1,907,527
Profit for the year 333,798 333,798
Dividends (160,000 ) (160,000 )
At 31 March 2024 1,581,324 500,001 2,081,325

Hazel Grove Plumbing Supplies Limited (Registered number: 04438050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RELATED PARTY DISCLOSURES

At 31 March 2024, other creditors included £107,219 (2023: £141,394) in respect of the directors' current accounts. These balances are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The company's is a subsidiary of HGPS Holdings Ltd, a company registered in England and Wales.

Registered OfficeUnit 1, Marcliffe Industrial Estate
Macclesfield Road
Hazel Grove
Stockport
England
SK7 5EG