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NSM Plumbing Limited

Registered Number
08637117
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

NSM Plumbing Limited
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Mather, Nicholas Stewart

Registered Address

1 Park Gardens
Yeovil
BA20 1DW

Place of Business

3 Five Acres

Stoford

Yeovil

BA22 9UP


Registered Number

08637117 (England and Wales)
NSM Plumbing Limited
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets411,31313,662
11,31313,662
Current assets
Stocks-150
Debtors54,8371,540
Cash at bank and on hand2572,500
5,0944,190
Creditors amounts falling due within one year6(3,858)(12,226)
Net current assets (liabilities)1,236(8,036)
Total assets less current liabilities12,5495,626
Creditors amounts falling due after one year(15,534)(19,167)
Net assets(2,985)(13,541)
Capital and reserves
Called up share capital100100
Profit and loss account(3,085)(13,641)
Shareholders' funds(2,985)(13,541)
The financial statements were approved and authorised for issue by the Director on 8 April 2025, and are signed on its behalf by:
Mather, Nicholas Stewart
Director
Registered Company No. 08637117
NSM Plumbing Limited
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery25-
Fixtures and fittings25-
Vehicles20-
Office Equipment25-
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees
The following average number of employees includes directors

20242023
Average number of employees during the year11
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 September 238,7008,700
At 31 August 248,7008,700
Amortisation and impairment
At 01 September 238,7008,700
At 31 August 248,7008,700
Net book value
At 31 August 24--
At 31 August 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 September 236,60311,69413,9902,2822,75337,322
At 31 August 246,60311,69413,9902,2822,75337,322
Depreciation and impairment
At 01 September 232,0019,7477,7861,7662,36023,660
Charge for year5483331,241129982,349
At 31 August 242,54910,0809,0271,8952,45826,009
Net book value
At 31 August 244,0541,6144,96338729511,313
At 31 August 234,6021,9476,20451639313,662
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-485
Amounts owed by associates and joint ventures / participating interests3,540-
Other debtors807579
Prepayments and accrued income490476
Total4,8371,540
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-3,630
Bank borrowings and overdrafts3,3333,333
Amounts owed to related parties-4,312
Taxation and social security-319
Accrued liabilities and deferred income525632
Total3,85812,226
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.