Plumb Solutions (Southern) Ltd Filleted Accounts Cover
Plumb Solutions (Southern) Ltd
Company No. 10267193
Information for Filing with The Registrar
31 July 2024
Plumb Solutions (Southern) Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 July 2024.
Principal activities
The principal activity of the company during the year under review was the Supply of Plumbing Services.
Directors
The Directors who served at any time during the year were as follows:
A.C. Birks
J. Inman
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. Inman
Director
16 April 2025
Plumb Solutions (Southern) Ltd Balance Sheet Registrar
at
31 July 2024
Company No.
10267193
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
7921,295
7921,295
Current assets
Stocks
5
5,0005,000
Debtors
6
78,83483,601
Cash at bank and in hand
1,992903
85,82689,504
Creditors: Amount falling due within one year
7
(118,632)
(108,354)
Net current liabilities
(32,806)
(18,850)
Total assets less current liabilities
(32,014)
(17,555)
Creditors: Amounts falling due after more than one year
8
(26,058)
(33,099)
Net liabilities
(58,072)
(50,654)
Capital and reserves
Called up share capital
100100
Profit and loss account
10
(58,172)
(50,754)
Total equity
(58,072)
(50,654)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 16 April 2025 and signed on its behalf by:
J. Inman
Director
16 April 2025
Plumb Solutions (Southern) Ltd Notes to the Accounts Registrar
for the year ended 31 July 2024
1
General information
Plumb Solutions (Southern) Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10267193
Its registered office is:
1 The Courtyard
Chalvington
East Sussex
BN27 3TD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
% Over the lease term
Taxation
Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 August 2023
23,6861,64425,330
At 31 July 2024
23,6861,64425,330
Depreciation
At 1 August 2023
22,8441,19124,035
Charge for the year
278225503
At 31 July 2024
23,1221,41624,538
Net book values
At 31 July 2024
564228792
At 31 July 2023
842
453
1,295
5
Stocks
2024
2023
£
£
Work in progress
5,0005,000
5,0005,000
6
Debtors
2024
2023
£
£
Trade debtors
38,00045,000
Corporation tax recoverable
33
Other debtors
40,58138,348
Prepayments and accrued income
250250
78,83483,601
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-1
Taxes and social security
116,631
106,314
Loans from directors
139
Accruals and deferred income
2,0002,000
118,632108,354
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other loans
38,21442,985
Obligations under finance lease and hire purchase contracts
(12,156)
(9,886)
26,05833,099
9
Share Capital
Ordinary £1 shares fully paid
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
76,298
60,501
76,298
60,501
Dividends by type:
Equity dividends
76,29860,501
76,298
60,501
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