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REGISTERED NUMBER: 01222968 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Huthwaite Plumbing & Heating
Supplies Limited

Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Huthwaite Plumbing & Heating
Supplies Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S Johnson
Mrs J D Johnson
C Johnson



REGISTERED OFFICE: 4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT



REGISTERED NUMBER: 01222968 (England and Wales)



ACCOUNTANTS: Smith Cookson
Chartered Accountants
4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT



BANKERS: Lloyds TSB
2 Stockwell Gate
Mansfield
Nottinghamshire
NG18 1JZ

Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 74,934 67,166
74,934 67,166

CURRENT ASSETS
Stocks 6 384,258 512,954
Debtors 7 443,223 371,945
Cash at bank and in hand 75,111 83,264
902,592 968,163
CREDITORS
Amounts falling due within one year 8 896,819 967,788
NET CURRENT ASSETS 5,773 375
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,707

67,541

CREDITORS
Amounts falling due after more than one year 9 (17,396 ) (4,167 )

PROVISIONS FOR LIABILITIES (13,807 ) (14,480 )
NET ASSETS 49,504 48,894

CAPITAL AND RESERVES
Called up share capital 13 200 200
Capital redemption reserve 5,288 5,288
Retained earnings 44,016 43,406
SHAREHOLDERS' FUNDS 49,504 48,894

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

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

Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





S Johnson - Director


Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)

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

1. STATUTORY INFORMATION

Huthwaite Plumbing & Heating Supplies 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

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.
Improvements to leasehold prop erty - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
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.


Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)

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

2. ACCOUNTING POLICIES - continued
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
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 two defined contribution pension schemes. 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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2024
and 31 December 2024 1,200
AMORTISATION
At 1 January 2024
and 31 December 2024 1,200
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold and Motor Computer
prop erty fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 71,179 123,032 117,014 105,803 417,028
Additions - 31,226 - 1,166 32,392
Disposals - (13,716 ) (7,500 ) - (21,216 )
At 31 December 2024 71,179 140,542 109,514 106,969 428,204
DEPRECIATION
At 1 January 2024 68,323 109,837 67,571 104,131 349,862
Charge for year 896 4,954 10,739 1,156 17,745
Eliminated on disposal - (12,671 ) (1,666 ) - (14,337 )
At 31 December 2024 69,219 102,120 76,644 105,287 353,270
NET BOOK VALUE
At 31 December 2024 1,960 38,422 32,870 1,682 74,934
At 31 December 2023 2,856 13,195 49,443 1,672 67,166

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 12,632 60,684 73,316
Additions 30,091 - 30,091
Disposals (12,674 ) - (12,674 )
At 31 December 2024 30,049 60,684 90,733
DEPRECIATION
At 1 January 2024 7,242 17,700 24,942
Charge for year 1,790 10,114 11,904
Eliminated on disposal (11,629 ) - (11,629 )
At 31 December 2024 (2,597 ) 27,814 25,217
NET BOOK VALUE
At 31 December 2024 32,646 32,870 65,516
At 31 December 2023 5,390 42,984 48,374

Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)

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

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 384,258 512,954

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 421,110 348,756
Prepayments 22,113 23,189
443,223 371,945

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 10) 338,141 311,115
Hire purchase contracts (see note 11) 14,681 16,669
Trade creditors 448,993 485,676
Amounts owed to group undertakings 30,064 90,864
Corporation tax 10,891 24,157
Social security and other taxes 9,578 9,291
VAT 18,505 7,715
Other creditors 964 1,198
Customer deposits held 1,185 660
Directors' current accounts 15,000 14,000
Accrued expenses 8,817 6,443
896,819 967,788

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 11) 17,396 4,167

10. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Invoice discounting finance 338,141 311,115

Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)

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

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 14,681 16,669
Between one and five years 17,396 4,167
32,077 20,836

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 45,750 45,750
Between one and five years 34,312 80,063
80,062 125,813

12. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 32,077 20,836
Invoice discounting finance 338,141 311,115
370,218 331,951

Hire purchase contracts are secured against the specific asset to which they relate.
The bank overdraft and the invoice discounting finance are secured by fixed and floating charges over all assets.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary £1 200 200

14. OTHER FINANCIAL COMMITMENTS

The company has given security in the form of a legal charge over all of its assets to guarantee a debt owed by the parent company, Huthwaite Holdings Limited. At the balance sheet date the amount owed by Huthwaite Holdings Limited was £30,833.

Huthwaite Plumbing & Heating
Supplies Limited (Registered number: 01222968)

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

15. ULTIMATE CONTROLLING PARTY

The controlling party is Huthwaite Holdings Limited.

The ultimate controlling party is Mr & Mrs S Johnson.