Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06496672 Mr Bruce Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06496672 2023-12-31 06496672 2024-12-31 06496672 2024-01-01 2024-12-31 06496672 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06496672 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06496672 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06496672 frs-core:MotorVehicles 2024-01-01 2024-12-31 06496672 frs-core:PlantMachinery 2024-01-01 2024-12-31 06496672 frs-core:ShareCapital 2024-12-31 06496672 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06496672 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06496672 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 06496672 frs-bus:SmallEntities 2024-01-01 2024-12-31 06496672 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06496672 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06496672 frs-bus:Director1 2024-01-01 2024-12-31 06496672 frs-countries:EnglandWales 2024-01-01 2024-12-31 06496672 2022-12-31 06496672 2023-12-31 06496672 2023-01-01 2023-12-31 06496672 frs-core:ShareCapital 2023-12-31 06496672 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06496672
Plumbersmate UK Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
SeavorChartered
Chartered Accountants & Tax Advisers
Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06496672
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,654 208,988
23,654 208,988
CURRENT ASSETS
Stocks 69,317 75,593
Debtors 1,326,251 265,498
Cash at bank and in hand 413,593 917,635
1,809,161 1,258,726
Creditors: Amounts Falling Due Within One Year (617,769 ) (475,107 )
NET CURRENT ASSETS (LIABILITIES) 1,191,392 783,619
TOTAL ASSETS LESS CURRENT LIABILITIES 1,215,046 992,607
PROVISIONS FOR LIABILITIES
Deferred Taxation 5 (5,913 ) (7,525 )
NET ASSETS 1,209,133 985,082
CAPITAL AND RESERVES
Called up share capital 6 123 123
Profit and Loss Account 1,209,010 984,959
SHAREHOLDERS' FUNDS 1,209,133 985,082
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Bruce Clarke
Director
14 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Plumbersmate UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06496672 . The registered office is Polar House, East Norfolk Street, Carlisle, Cumbria, CA2 5JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No charge
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks and are valued at the lower of cost and net selling price after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads and is calculated on a first in first out basis.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the Income Statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the Income Statement.
2.6. Taxation
The tax charge represents the sum of the tax currently payable and deferred tax.
Corporation tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. 
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 10)
9 10
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 257,006
Additions 6,437
Disposals (197,752 )
As at 31 December 2024 65,691
Depreciation
As at 1 January 2024 48,018
Provided during the period 5,274
Disposals (11,255 )
As at 31 December 2024 42,037
Net Book Value
As at 31 December 2024 23,654
As at 1 January 2024 208,988
5. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,913 7,525
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 123 123
7. Related Party Transactions
At the balance sheet date, the company had loans outstanding to the directors of £155,448 (2023: £11,819). The loans are interest free, unsecured and repayable on demand.
Page 4