2023-06-012024-05-312024-05-31false09494653PLUMBING AND HEATING SUPPLIES LTD2024-10-16iso4217:GBPxbrli:pure094946532023-06-01094946532024-05-31094946532023-06-012024-05-31094946532022-06-01094946532023-05-31094946532022-06-012023-05-3109494653bus:SmallEntities2023-06-012024-05-3109494653bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3109494653bus:FullAccounts2023-06-012024-05-3109494653bus:PrivateLimitedCompanyLtd2023-06-012024-05-3109494653core:WithinOneYear2024-05-3109494653core:AfterOneYear2024-05-3109494653core:WithinOneYear2023-05-3109494653core:AfterOneYear2023-05-3109494653core:ShareCapital2024-05-3109494653core:SharePremium2024-05-3109494653core:RevaluationReserve2024-05-3109494653core:OtherReservesSubtotal2024-05-3109494653core:RetainedEarningsAccumulatedLosses2024-05-3109494653core:ShareCapital2023-05-3109494653core:SharePremium2023-05-3109494653core:RevaluationReserve2023-05-3109494653core:OtherReservesSubtotal2023-05-3109494653core:RetainedEarningsAccumulatedLosses2023-05-3109494653core:LandBuildings2024-05-3109494653core:PlantMachinery2024-05-3109494653core:Vehicles2024-05-3109494653core:FurnitureFittings2024-05-3109494653core:OfficeEquipment2024-05-3109494653core:NetGoodwill2024-05-3109494653core:IntangibleAssetsOtherThanGoodwill2024-05-3109494653core:ListedExchangeTraded2024-05-3109494653core:UnlistedNon-exchangeTraded2024-05-3109494653core:LandBuildings2023-05-3109494653core:PlantMachinery2023-05-3109494653core:Vehicles2023-05-3109494653core:FurnitureFittings2023-05-3109494653core:OfficeEquipment2023-05-3109494653core:NetGoodwill2023-05-3109494653core:IntangibleAssetsOtherThanGoodwill2023-05-3109494653core:ListedExchangeTraded2023-05-3109494653core:UnlistedNon-exchangeTraded2023-05-3109494653core:LandBuildings2023-06-012024-05-3109494653core:PlantMachinery2023-06-012024-05-3109494653core:Vehicles2023-06-012024-05-3109494653core:FurnitureFittings2023-06-012024-05-3109494653core:OfficeEquipment2023-06-012024-05-3109494653core:NetGoodwill2023-06-012024-05-3109494653core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3109494653core:ListedExchangeTraded2023-06-012024-05-3109494653core:UnlistedNon-exchangeTraded2023-06-012024-05-3109494653core:MoreThanFiveYears2023-06-012024-05-3109494653core:Non-currentFinancialInstruments2024-05-3109494653core:Non-currentFinancialInstruments2023-05-3109494653dpl:CostSales2023-06-012024-05-3109494653dpl:DistributionCosts2023-06-012024-05-3109494653core:LandBuildings2023-06-012024-05-3109494653core:PlantMachinery2023-06-012024-05-3109494653core:Vehicles2023-06-012024-05-3109494653core:FurnitureFittings2023-06-012024-05-3109494653core:OfficeEquipment2023-06-012024-05-3109494653dpl:AdministrativeExpenses2023-06-012024-05-3109494653core:NetGoodwill2023-06-012024-05-3109494653core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3109494653dpl:GroupUndertakings2023-06-012024-05-3109494653dpl:ParticipatingInterests2023-06-012024-05-3109494653dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3109494653core:ListedExchangeTraded2023-06-012024-05-3109494653dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3109494653core:UnlistedNon-exchangeTraded2023-06-012024-05-3109494653dpl:CostSales2022-06-012023-05-3109494653dpl:DistributionCosts2022-06-012023-05-3109494653core:LandBuildings2022-06-012023-05-3109494653core:PlantMachinery2022-06-012023-05-3109494653core:Vehicles2022-06-012023-05-3109494653core:FurnitureFittings2022-06-012023-05-3109494653core:OfficeEquipment2022-06-012023-05-3109494653dpl:AdministrativeExpenses2022-06-012023-05-3109494653core:NetGoodwill2022-06-012023-05-3109494653core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3109494653dpl:GroupUndertakings2022-06-012023-05-3109494653dpl:ParticipatingInterests2022-06-012023-05-3109494653dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3109494653core:ListedExchangeTraded2022-06-012023-05-3109494653dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3109494653core:UnlistedNon-exchangeTraded2022-06-012023-05-3109494653core:NetGoodwill2024-05-3109494653core:IntangibleAssetsOtherThanGoodwill2024-05-3109494653core:LandBuildings2024-05-3109494653core:PlantMachinery2024-05-3109494653core:Vehicles2024-05-3109494653core:FurnitureFittings2024-05-3109494653core:OfficeEquipment2024-05-3109494653core:AfterOneYear2024-05-3109494653core:WithinOneYear2024-05-3109494653core:ListedExchangeTraded2024-05-3109494653core:UnlistedNon-exchangeTraded2024-05-3109494653core:ShareCapital2024-05-3109494653core:SharePremium2024-05-3109494653core:RevaluationReserve2024-05-3109494653core:OtherReservesSubtotal2024-05-3109494653core:RetainedEarningsAccumulatedLosses2024-05-3109494653core:NetGoodwill2023-05-3109494653core:IntangibleAssetsOtherThanGoodwill2023-05-3109494653core:LandBuildings2023-05-3109494653core:PlantMachinery2023-05-3109494653core:Vehicles2023-05-3109494653core:FurnitureFittings2023-05-3109494653core:OfficeEquipment2023-05-3109494653core:AfterOneYear2023-05-3109494653core:WithinOneYear2023-05-3109494653core:ListedExchange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PLUMBING AND HEATING SUPPLIES LTD

Registered Number
09494653
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

PLUMBING AND HEATING SUPPLIES LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

FORSHAW, Aidan Peter

Registered Address

Unit 10 Kingsway Interchange
Team Valley Trading Estate
Gateshead
NE11 0JY

Registered Number

09494653 (England and Wales)
PLUMBING AND HEATING SUPPLIES LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets362,64883,762
62,64883,762
Current assets
Stocks4743,571692,458
Debtors5433,972287,590
Cash at bank and on hand19,39939,744
1,196,9421,019,792
Creditors amounts falling due within one year6(927,819)(785,103)
Net current assets (liabilities)269,123234,689
Total assets less current liabilities331,771318,451
Creditors amounts falling due after one year7(179,209)(216,710)
Net assets152,562101,741
Capital and reserves
Called up share capital10,00010,000
Profit and loss account142,56291,741
Shareholders' funds152,562101,741
The financial statements were approved and authorised for issue by the Director on 16 October 2024, and are signed on its behalf by:
FORSHAW, Aidan Peter
Director
Registered Company No. 09494653
PLUMBING AND HEATING SUPPLIES LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery15-
Fixtures and fittings205
Vehicles25-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other 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.
Trade and other 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.
2.Average number of employees

20242023
Average number of employees during the year2621
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 June 2348,16879,41476,425204,007
Disposals-(25,450)-(25,450)
At 31 May 2448,16853,96476,425178,557
Depreciation and impairment
At 01 June 2317,84048,17854,227120,245
Charge for year4,5496,3714,44015,360
On disposals-(19,696)-(19,696)
At 31 May 2422,38934,85358,667115,909
Net book value
At 31 May 2425,77919,11117,75862,648
At 31 May 2330,32831,23622,19883,762
4.Stocks

2024

2023

££
Other stocks743,571692,458
Total743,571692,458
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables404,278270,966
Amounts owed by associates and joint ventures / participating interests-146
Prepayments and accrued income29,69416,478
Total433,972287,590
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables567,069465,252
Bank borrowings and overdrafts222,070199,628
Amounts owed to related parties113-
Taxation and social security115,27096,733
Finance lease and HP contracts13,89516,277
Accrued liabilities and deferred income9,4027,213
Total927,819785,103
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts158,932184,919
Other creditors20,27731,791
Total179,209216,710
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts20,27731,791