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REGISTERED NUMBER: 11180330 (England and Wales)















Plumleys Plumbing Merchant Limited

Unaudited Financial Statements

for the Year Ended 31st July 2024






Plumleys Plumbing Merchant Limited (Registered number: 11180330)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Plumleys Plumbing Merchant Limited

Company Information
for the year ended 31st July 2024







DIRECTOR: N C Plumley





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 57 Queensway
Petts Wood
Orpington
Kent
BR5 1EB





REGISTERED NUMBER: 11180330 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Plumleys Plumbing Merchant Limited (Registered number: 11180330)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 104,339 81,086

CURRENT ASSETS
Stocks 195,231 161,350
Debtors 6 62,362 52,704
Cash at bank 24,941 41,017
282,534 255,071
CREDITORS
Amounts falling due within one year 7 332,679 298,231
NET CURRENT LIABILITIES (50,145 ) (43,160 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,194

37,926

CREDITORS
Amounts falling due after more than one
year

8

(28,706

)

(26,032

)

PROVISIONS FOR LIABILITIES 10 (18,200 ) (4,700 )
NET ASSETS 7,288 7,194

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 7,188 7,094
SHAREHOLDERS' FUNDS 7,288 7,194

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

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

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 24th March 2025 and were signed by:





N C Plumley - Director


Plumleys Plumbing Merchant Limited (Registered number: 11180330)

Notes to the Financial Statements
for the year ended 31st July 2024

1. STATUTORY INFORMATION

Plumleys Plumbing Merchant 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 (£).


The principle activity of the company in the year under review was that of the supply of goods to the plumbing industry.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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.
Improvements to property - 10% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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 year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Plumleys Plumbing Merchant Limited (Registered number: 11180330)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st August 2023 76,263 - 5,053
Additions - 68,712 3,107
Disposals (58,916 ) - -
At 31st July 2024 17,347 68,712 8,160
DEPRECIATION
At 1st August 2023 17,646 - 2,513
Charge for year 1,730 22,904 811
Eliminated on disposal (8,988 ) - -
At 31st July 2024 10,388 22,904 3,324
NET BOOK VALUE
At 31st July 2024 6,959 45,808 4,836
At 31st July 2023 58,617 - 2,540

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st August 2023 27,510 5,835 114,661
Additions 40,348 2,468 114,635
Disposals - - (58,916 )
At 31st July 2024 67,858 8,303 170,380
DEPRECIATION
At 1st August 2023 7,738 5,678 33,575
Charge for year 15,030 979 41,454
Eliminated on disposal - - (8,988 )
At 31st July 2024 22,768 6,657 66,041
NET BOOK VALUE
At 31st July 2024 45,090 1,646 104,339
At 31st July 2023 19,772 157 81,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,541 44,775
Other debtors 14,821 7,929
62,362 52,704

Plumleys Plumbing Merchant Limited (Registered number: 11180330)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 11,380 9,991
Hire purchase contracts 15,280 6,880
Trade creditors 135,108 116,658
Taxation and social security 15,647 19,433
Other creditors 155,264 145,269
332,679 298,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) - 12,845
Hire purchase contracts 28,706 13,187
28,706 26,032

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,380 9,991

Amounts falling due between one and two years:
Bank loans - 1-2 years - 10,244

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,601

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,200 4,700

Deferred
tax
£   
Balance at 1st August 2023 4,700
Provided during year 13,500
Balance at 31st July 2024 18,200

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st July 2024 or 31st July 2023.

Plumleys Plumbing Merchant Limited (Registered number: 11180330)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st July 2024 or 31st July 2023.