R W Plumbing and Heating Limited 2154054 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is in the year under review was that of retailers of heating and plumbing equipment to the trade and property developers. Digita Accounts Production Advanced 6.30.9574.0 true true 2154054 2023-03-01 2024-02-29 2154054 2024-02-29 2154054 bus:OrdinaryShareClass1 2024-02-29 2154054 bus:OrdinaryShareClass2 2024-02-29 2154054 core:CurrentFinancialInstruments 2024-02-29 2154054 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 2154054 core:ConstructionInProgressAssetsUnderConstruction 2024-02-29 2154054 core:FurnitureFittings 2024-02-29 2154054 core:MotorVehicles 2024-02-29 2154054 core:OfficeEquipment 2024-02-29 2154054 bus:SmallEntities 2023-03-01 2024-02-29 2154054 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 2154054 bus:FilletedAccounts 2023-03-01 2024-02-29 2154054 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 2154054 bus:RegisteredOffice 2023-03-01 2024-02-29 2154054 bus:Director1 2023-03-01 2024-02-29 2154054 bus:Director2 2023-03-01 2024-02-29 2154054 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 2154054 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 2154054 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 2154054 core:ComputerEquipment 2023-03-01 2024-02-29 2154054 core:ConstructionInProgressAssetsUnderConstruction 2023-03-01 2024-02-29 2154054 core:FurnitureFittings 2023-03-01 2024-02-29 2154054 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 2154054 core:LeaseholdImprovements 2023-03-01 2024-02-29 2154054 core:MotorVehicles 2023-03-01 2024-02-29 2154054 core:OfficeEquipment 2023-03-01 2024-02-29 2154054 core:UKTax 2023-03-01 2024-02-29 2154054 countries:EnglandWales 2023-03-01 2024-02-29 2154054 2023-02-28 2154054 core:ConstructionInProgressAssetsUnderConstruction 2023-02-28 2154054 core:FurnitureFittings 2023-02-28 2154054 core:MotorVehicles 2023-02-28 2154054 core:OfficeEquipment 2023-02-28 2154054 2022-03-01 2023-02-28 2154054 2023-02-28 2154054 bus:OrdinaryShareClass1 2023-02-28 2154054 bus:OrdinaryShareClass2 2023-02-28 2154054 core:CurrentFinancialInstruments 2023-02-28 2154054 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 2154054 core:ConstructionInProgressAssetsUnderConstruction 2023-02-28 2154054 core:FurnitureFittings 2023-02-28 2154054 core:MotorVehicles 2023-02-28 2154054 core:OfficeEquipment 2023-02-28 2154054 core:UKTax 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 2154054

R W Plumbing and Heating Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

R W Plumbing and Heating Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

R W Plumbing and Heating Limited

Company Information

Directors

Mr A R Winter

Mr P R Winter

Registered office

3rd Floor
Lawford House
Albert Place
London
N3 1QA

Accountants

Sterlings Ltd
Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

 

R W Plumbing and Heating Limited

(Registration number: 2154054)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

22,176

29,493

Investments

6

500

500

 

22,676

29,993

Current assets

 

Stocks

7

213,740

230,468

Debtors

8

469,637

233,607

Cash at bank and in hand

 

1,050,369

1,086,570

 

1,733,746

1,550,645

Creditors: Amounts falling due within one year

9

(572,415)

(403,576)

Net current assets

 

1,161,331

1,147,069

Total assets less current liabilities

 

1,184,007

1,177,062

Provisions for liabilities

(5,462)

(7,373)

Net assets

 

1,178,545

1,169,689

Capital and reserves

 

Called up share capital

10

115

115

Share premium reserve

14,970

14,970

Profit and loss account

1,163,460

1,154,604

Shareholders' funds

 

1,178,545

1,169,689

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

R W Plumbing and Heating Limited

(Registration number: 2154054)
Balance Sheet as at 29 February 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

.........................................
Mr A R Winter
Director

 

R W Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3rd Floor
Lawford House
Albert Place
London
N3 1QA

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

R W Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

10% on reducing balance

Fixtures, Fittings & Equipment

25% on reducing balance

Motor vehicle

25% on reducing balance

Computer equipment

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

R W Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Taxation

Tax charged/(credited) in the income statement

2024
£

2023
£

Current taxation

UK corporation tax

53,271

23,398

Deferred taxation

Arising from changes in tax rates and laws

(1,912)

7,239

Tax expense in the income statement

51,359

30,637

Deferred tax

 

R W Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Tangible assets

Improvements to property
£

Fixtures and fittings
£

Computer equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

5,935

30,691

39,471

31,850

107,947

At 29 February 2024

5,935

30,691

39,471

31,850

107,947

Depreciation

At 1 March 2023

5,570

30,467

34,454

7,963

78,454

Charge for the year

36

56

1,254

5,971

7,317

At 29 February 2024

5,606

30,523

35,708

13,934

85,771

Carrying amount

At 29 February 2024

329

168

3,763

17,916

22,176

At 28 February 2023

365

224

5,017

23,887

29,493

6

Fixed asset investments

Unlisted investments
£

Total
£

Cost or valuation

At 1 March 2023

500

500

At 29 February 2024

500

500

7

Stocks

2024
£

2023
£

Stocks

213,740

230,468

 

R W Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Debtors

Current

2024
£

2023
£

Trade debtors

458,775

224,682

Prepayments and accrued income

10,862

6,576

Other debtors

-

2,349

 

469,637

233,607

9

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

471,729

343,947

Taxation and social security

84,205

44,700

Accruals and deferred income

9,905

10,492

Other creditors

6,576

4,437

572,415

403,576

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

'A' Ordinary shares of £1 each

85

85

85

85

'B' Ordinary shares of £1 each

30

30

30

30

115

115

115

115

11 Reserves

All of the company's retained earnings are distributable reserves.

12 Related party disclosures

As at the balance sheet date, the company owed a director the sum of £651 (2023 - £851).