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REGISTERED NUMBER: 03233571 (England and Wales)















Plumbtech Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Plumbtech Limited (Registered number: 03233571)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Plumbtech Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S Kanth





REGISTERED OFFICE: 259 Wickham Lane
Abbey Wood
London
SE2 0NX





REGISTERED NUMBER: 03233571 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Plumbtech Limited (Registered number: 03233571)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 70,066 75,583
Investment property 6 1,317,542 1,317,542
1,387,608 1,393,125

CURRENT ASSETS
Inventories 40,000 45,400
Debtors 7 326 17,382
Cash at bank 7,754 10,218
48,080 73,000
CREDITORS
Amounts falling due within one year 8 311,256 308,798
NET CURRENT LIABILITIES (263,176 ) (235,798 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,124,432 1,157,327

CREDITORS
Amounts falling due after more than one
year

9

(8,161

)

(18,166

)

PROVISIONS FOR LIABILITIES (108,068 ) (108,068 )
NET ASSETS 1,008,203 1,031,093

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 535,418 535,418
Retained earnings 472,685 495,575
SHAREHOLDERS' FUNDS 1,008,203 1,031,093

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

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

Plumbtech Limited (Registered number: 03233571)

Statement of Financial Position - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





S Kanth - Director


Plumbtech Limited (Registered number: 03233571)

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

1. STATUTORY INFORMATION

Plumbtech 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Income recognition
Turnover represents the net invoiced value of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1996, has been written off evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Plumbtech Limited (Registered number: 03233571)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 5,000
AMORTISATION
At 1 September 2023
and 31 August 2024 5,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 124,795
DEPRECIATION
At 1 September 2023 49,212
Charge for year 5,517
At 31 August 2024 54,729
NET BOOK VALUE
At 31 August 2024 70,066
At 31 August 2023 75,583

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,317,542
NET BOOK VALUE
At 31 August 2024 1,317,542
At 31 August 2023 1,317,542

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 1,317,542

Plumbtech Limited (Registered number: 03233571)

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

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 672,234 672,234

Investment property was valued on an open market basis on 31 August 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 16,972
Other debtors 326 410
326 17,382

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,057 10,108
Trade creditors 5,670 12,010
Taxation and social security 1,222 1,964
Other creditors 294,307 284,716
311,256 308,798

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,161 18,166

10. RELATED PARTY DISCLOSURES

During the year the company operated from premises owned by the director and paid rents of £2,800.