IRIS Accounts Production v24.3.2.46 06077315 Board of Directors 1.4.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060773152023-03-31060773152024-05-31060773152023-04-012024-05-31060773152022-05-31060773152022-06-012023-03-31060773152023-03-3106077315ns15:EnglandWales2023-04-012024-05-3106077315ns14:PoundSterling2023-04-012024-05-3106077315ns10:Director12023-04-012024-05-3106077315ns10:PrivateLimitedCompanyLtd2023-04-012024-05-3106077315ns10:SmallEntities2023-04-012024-05-3106077315ns10:AuditExempt-NoAccountantsReport2023-04-012024-05-3106077315ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-05-3106077315ns10:SmallCompaniesRegimeForAccounts2023-04-012024-05-3106077315ns10:FullAccounts2023-04-012024-05-3106077315ns10:Director22023-04-012024-05-3106077315ns10:Director32023-04-012024-05-3106077315ns10:CompanySecretary12023-04-012024-05-3106077315ns10:RegisteredOffice2023-04-012024-05-3106077315ns5:CurrentFinancialInstruments2024-05-3106077315ns5:CurrentFinancialInstruments2023-03-3106077315ns5:Non-currentFinancialInstruments2024-05-3106077315ns5:Non-currentFinancialInstruments2023-03-3106077315ns5:ShareCapital2024-05-3106077315ns5:ShareCapital2023-03-3106077315ns5:RetainedEarningsAccumulatedLosses2024-05-3106077315ns5:RetainedEarningsAccumulatedLosses2023-03-3106077315ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-012024-05-3106077315ns5:PlantMachinery2023-04-012024-05-3106077315ns5:FurnitureFittings2023-04-012024-05-3106077315ns5:ComputerEquipment2023-04-012024-05-3106077315ns5:LandBuildingsns5:ShortLeaseholdAssets2023-03-3106077315ns5:PlantMachinery2023-03-3106077315ns5:FurnitureFittings2023-03-3106077315ns5:LandBuildingsns5:ShortLeaseholdAssets2024-05-3106077315ns5:PlantMachinery2024-05-3106077315ns5:FurnitureFittings2024-05-3106077315ns5:LandBuildingsns5:ShortLeaseholdAssets2023-03-3106077315ns5:PlantMachinery2023-03-3106077315ns5:FurnitureFittings2023-03-3106077315ns5:MotorVehicles2023-03-3106077315ns5:ComputerEquipment2023-03-3106077315ns5:MotorVehicles2023-04-012024-05-3106077315ns5:MotorVehicles2024-05-3106077315ns5:ComputerEquipment2024-05-3106077315ns5:MotorVehicles2023-03-3106077315ns5:ComputerEquipment2023-03-3106077315ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-05-3106077315ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-05-3106077315ns5:CostValuation2023-03-3106077315ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106077315ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3106077315ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-05-3106077315ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-03-3106077315ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-05-3106077315ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3106077315ns5:HirePurchaseContracts2024-05-3106077315ns5:HirePurchaseContracts2023-03-3106077315ns5:WithinOneYear2024-05-3106077315ns5:WithinOneYear2023-03-3106077315ns5:BetweenOneFiveYears2024-05-3106077315ns5:BetweenOneFiveYears2023-03-3106077315ns5:AllPeriods2024-05-3106077315ns5:AllPeriods2023-03-31060773151ns10:Director12023-03-31060773151ns10:Director12022-05-31060773151ns10:Director12023-04-012024-05-31060773151ns10:Director12022-06-012023-03-31060773151ns10:Director12024-05-31060773151ns10:Director12023-03-31
REGISTERED NUMBER: 06077315 (England and Wales)






C & D (Leeds) Plumbers Merchants Limited

Financial Statements

for the Period 1 April 2023 to 31 May 2024






C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Contents of the Financial Statements
for the period 1 April 2023 to 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & D (Leeds) Plumbers Merchants Limited

Company Information
for the period 1 April 2023 to 31 May 2024







DIRECTORS: Mr J Clydesdale
Mr C D Drake
Mr M D Fowler





SECRETARY: Mr C D Drake





REGISTERED OFFICE: Riverside House
Gelderd Road
Leeds
West Yorkshire
LS12 6DR





REGISTERED NUMBER: 06077315 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 341,548 223,634
Investments 5 100 100
341,648 223,734

CURRENT ASSETS
Stocks 945,213 1,276,979
Debtors 6 1,378,238 1,848,300
Cash at bank and in hand 326,634 33,526
2,650,085 3,158,805
CREDITORS
Amounts falling due within one year 7 469,904 1,327,534
NET CURRENT ASSETS 2,180,181 1,831,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,521,829

2,055,005

CREDITORS
Amounts falling due after more than one year 8 (127,805 ) (73,147 )

PROVISIONS FOR LIABILITIES (26,096 ) (25,711 )
NET ASSETS 2,367,928 1,956,147

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 10,750 10,750
Retained earnings 2,357,178 1,945,397
SHAREHOLDERS' FUNDS 2,367,928 1,956,147

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr J Clydesdale - Director


C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements
for the period 1 April 2023 to 31 May 2024


1. STATUTORY INFORMATION

C & D (Leeds) Plumbers Merchants 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Over the term of the lease
Plant and machinery - 16.67% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Tangible fixed assets are initially recorded at cost.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 31 May 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases 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 or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.

Investments
Investments are recorded at cost.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2023 - 15 ) .

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 April 2023 86,593 62,099 105,605
Additions 39,150 - 12,950
Disposals - - -
Reclassification/transfer - - -
At 31 May 2024 125,743 62,099 118,555
DEPRECIATION
At 1 April 2023 31,629 50,670 47,761
Charge for period 10,636 2,338 14,137
Eliminated on disposal - - -
Reclassification/transfer - - -
At 31 May 2024 42,265 53,008 61,898
NET BOOK VALUE
At 31 May 2024 83,478 9,091 56,657
At 31 March 2023 54,964 11,429 57,844

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 107,744 95,170 457,211
Additions 159,858 390 212,348
Disposals (9,426 ) - (9,426 )
Reclassification/transfer 20,483 - 20,483
At 31 May 2024 278,659 95,560 680,616
DEPRECIATION
At 1 April 2023 22,447 81,070 233,577
Charge for period 51,959 7,908 86,978
Eliminated on disposal (1,970 ) - (1,970 )
Reclassification/transfer 20,483 - 20,483
At 31 May 2024 92,919 88,978 339,068
NET BOOK VALUE
At 31 May 2024 185,740 6,582 341,548
At 31 March 2023 85,297 14,100 223,634

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 31 May 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
Additions 118,793
Reclassification/transfer 98,318
At 31 May 2024 217,111
DEPRECIATION
Charge for period 56,059
Reclassification/transfer 20,483
At 31 May 2024 76,542
NET BOOK VALUE
At 31 May 2024 140,569

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 April 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,237,716 1,711,514
Amounts owed by group undertakings 10,740 9,250
Other debtors 5,375 21,168
RBS invoice finance account 49,759 -
Tax - 58,107
Prepayments and accrued income 74,648 48,261
1,378,238 1,848,300

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 9) 39,246 20,341
Trade creditors 199,568 652,883
Amounts owed to participating interests - 13,415
Tax 39,099 -
Social security and other taxes 13,244 2,688
VAT 92,320 69,049
Proposed dividends - 33,000
Invoice finance - 190,802
Directors' current accounts - 1,734
Accruals and deferred income 86,427 343,622
469,904 1,327,534

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 9) 127,805 73,147

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 39,246 20,341
Between one and five years 127,805 73,147
167,051 93,488

Non-cancellable
operating leases
2024 2023
£ £
Within one year 39,269 44,472
Between one and five years 38,820 63,439
78,089 107,911

C & D (Leeds) Plumbers Merchants Limited (Registered number: 06077315)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 31 May 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 May 2024 and 31 March 2023:

2024 2023
£ £
Mr J Clydesdale
Balance outstanding at start of period - -
Amounts advanced 1,157 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,157 -

11. RELATED PARTY DISCLOSURES

Dividends of £99,000 (2023: £99,000) were paid to the wives and sons of the directors.