IRIS Accounts Production v25.1.0.734 00885205 Board of Directors 1.10.23 30.9.24 30.9.24 Medium entities The principal activity of the Company continues to be plumbing, heating and electrical engineers providing services to the house building sector. true false true true false false true false Defined benefit pension plans These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008852052023-09-30008852052024-09-30008852052023-10-012024-09-30008852052022-09-30008852052022-10-012023-09-30008852052023-09-3000885205ns15:EnglandWales2023-10-012024-09-3000885205ns14:PoundSterling2023-10-012024-09-3000885205ns10:Director12023-10-012024-09-3000885205ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000885205ns10:MediumEntities2023-10-012024-09-3000885205ns10:Audited2023-10-012024-09-3000885205ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3000885205ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3000885205ns10:FullAccounts2023-10-012024-09-3000885205ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans2023-10-012024-09-3000885205ns10:OrdinaryShareClass12023-10-012024-09-3000885205ns10:Director22023-10-012024-09-3000885205ns10:Director32023-10-012024-09-3000885205ns10:Director42023-10-012024-09-3000885205ns10:Director52023-10-012024-09-3000885205ns10:Director62023-10-012024-09-3000885205ns10:RegisteredOffice2023-10-012024-09-300088520512023-10-012024-09-300088520512022-10-012023-09-3000885205ns5:CurrentFinancialInstruments2024-09-3000885205ns5:CurrentFinancialInstruments2023-09-3000885205ns5:ShareCapital2024-09-3000885205ns5:ShareCapital2023-09-3000885205ns5:CapitalRedemptionReserve2024-09-3000885205ns5:CapitalRedemptionReserve2023-09-3000885205ns5:RetainedEarningsAccumulatedLosses2024-09-3000885205ns5:RetainedEarningsAccumulatedLosses2023-09-3000885205ns5:ShareCapital2022-09-3000885205ns5:RetainedEarningsAccumulatedLosses2022-09-3000885205ns5:CapitalRedemptionReserve2022-09-3000885205ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3000885205ns5:CapitalRedemptionReserve2022-10-012023-09-3000885205ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-3000885205ns5:CapitalRedemptionReserve2023-10-012024-09-300088520512023-10-012024-09-3000885205ns10:HighestPaidDirector2023-10-012024-09-3000885205ns10:HighestPaidDirector2022-10-012023-09-3000885205ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2023-10-012024-09-3000885205ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2022-10-012023-09-3000885205ns5:OwnedAssets2023-10-012024-09-3000885205ns5:OwnedAssets2022-10-012023-09-3000885205ns10:OrdinaryShareClass12022-10-012023-09-3000885205ns5:LeaseholdImprovements2023-09-3000885205ns5:FurnitureFittings2023-09-3000885205ns5:MotorVehicles2023-09-3000885205ns5:ComputerEquipment2023-09-3000885205ns5:LeaseholdImprovements2023-10-012024-09-3000885205ns5:FurnitureFittings2023-10-012024-09-3000885205ns5:MotorVehicles2023-10-012024-09-3000885205ns5:ComputerEquipment2023-10-012024-09-3000885205ns5:LeaseholdImprovements2024-09-3000885205ns5:FurnitureFittings2024-09-3000885205ns5:MotorVehicles2024-09-3000885205ns5:ComputerEquipment2024-09-3000885205ns5:LeaseholdImprovements2023-09-3000885205ns5:FurnitureFittings2023-09-3000885205ns5:MotorVehicles2023-09-3000885205ns5:ComputerEquipment2023-09-3000885205ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000885205ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3000885205ns5:WithinOneYear2024-09-3000885205ns5:WithinOneYear2023-09-3000885205ns5:BetweenOneFiveYears2024-09-3000885205ns5:BetweenOneFiveYears2023-09-3000885205ns5:AllPeriods2024-09-3000885205ns5:AllPeriods2023-09-3000885205ns5:DeferredTaxation2024-09-3000885205ns5:DeferredTaxation2023-09-3000885205ns5:DeferredTaxation2023-09-3000885205ns5:DeferredTaxation2023-10-012024-09-3000885205ns10:OrdinaryShareClass12024-09-3000885205ns5:RetainedEarningsAccumulatedLosses2023-09-3000885205ns5:CapitalRedemptionReserve2023-09-3000885205ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans2022-10-012023-09-3000885205ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans2023-09-3000885205ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans2022-09-3000885205ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans2024-09-3000885205ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans2023-09-30
REGISTERED NUMBER: 00885205 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WINTLE HEATING AND PLUMBING LIMITED

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 16


WINTLE HEATING AND PLUMBING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P P Wintle
M J Cross
M Hayes
S M Layt
N R Peat
T J Wintle





REGISTERED OFFICE: 19a Mansion Close
Moulton Park Industrial Estate
Northampton
Northamptonshire
NN3 6RU





REGISTERED NUMBER: 00885205 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Limited, Statutory Auditor
Eagle House
28 Billing Road
Northampton
Northamptonshire
NN1 5AJ

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
The principal activity of the Company continues to be plumbing, heating and electrical engineers providing services to the house building sector.

Turnover in the year amounted to £8.5m (2023 - £10.6m) a decrease of 20%, reflecting the challenges in the industry.

The Directors continue to maintain strong relationships with existing customers and suppliers and has a policy of continued training and development in order to ensure a skilled workforce supplying quality workmanship.

The year proved to be another challenging one for the Company, due to the challenges in the housing industry overall and continuing inflationary pressures on materials. The company enters into long term contracts with its customers, making it difficult to quickly pass on cost increases to its customers. Some of these are now coming to an end with new contracts reflecting current prices coming in line. The company is managing the volume of demand by reducing the use of subcontractors whilst maintaining a core workforce to allow it to respond quickly when the market recovers.

Despite the difficult trading conditions, the directors are pleased with the performance and feel that the company is well placed to trade successfully for the foreseeable future, although there continues to be uncertainty of future demand for new houses.

The directors are also pleased that the latest actuarial valuation of its Defined Benefit pension scheme has shown a surplus of £359k, which has not been recognised in the accounts in order to take a prudent approach.

PRINCIPAL RISKS AND UNCERTAINTIES
The Directors continually review the possible risks to the business. Where necessary, risks to the Company are covered by insurance. External factors which may affect the business include the level of economic activity in the United Kingdom in respect of the housing market, Government legislation and the recruitment and retention of a skilled workforce.

DEFINED BENEFIT PENSION SCHEME
The company operates a defined benefit pension scheme which has an annual actuarial valuation, which determines the amount of future contributions required from the company. This can be subject to investment performance, mortality and mortality rates, and changes in actuarial valuation standards. The company manages this risk by retaining a high cash balance to cover any future requirements. The company no longer provides this pension as a benefit to current employees and it exists only to service historical commitments.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICY
Cash flow management is a key area. Cash flow forecasts are prepared, monitored and continually updated to reflect current and anticipated turnover and to ensure that liabilities can be met when they become due.

The Company's principal financial instruments comprise bank balances, of trade creditors and receivables. The main risk is from trade receivables and retentions; the Company maintains strong relationships in order to achieve timely receipt of amounts due.

Trade creditors risk is managed by ensuring that sufficient funds are available to meet the amounts due.


WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

FINANCIAL KEY PERFORMANCE INDICATORS
Turnover £8,543,657 (2023: £10,648,541).
Gross Profit% 18.12% (2023: 19.23%).
EBITDA (Profit before interest, tax, depreciation and amortisation) £111,086 (2023: £432,698).
Net assets £1,949,347 (2023: £2,021,534).
Turnover has decreased by £2.1m which is a decrease of 19.77% compared to 2023.

The gross profit % has decreased by 1.11% reflecting the adaptations the company is making to manage the challenging conditions it faces in addition to the new contracts coming on stream which reflect the increases in material costs.

EBITDA has decreased by £322k. Net assets have decreased by £72k.

SIGNED BY ORDER OF THE DIRECTORS:





P P Wintle - Director


22 May 2025

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIVIDENDS
An interim dividend of £4.76839 per share was paid on 30 September 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 September 2024 will be £ 70,000 .

FUTURE DEVELOPMENTS
In the current uncertain economic environment. growth is dependent on the housebuilding market, which is uncertain. The Company is focusing on stability whilst these conditions prevail.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

P P Wintle
M J Cross
M Hayes
S M Layt
N R Peat

Other changes in directors holding office are as follows:

T J Wintle - appointed 2 September 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


AUDITORS
The auditors, Shaw Gibbs (Audit) Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

SIGNED BY ORDER OF THE DIRECTORS:





P P Wintle - Director


22 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WINTLE HEATING AND PLUMBING LIMITED


Opinion
We have audited the financial statements of Wintle Heating and Plumbing Limited (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WINTLE HEATING AND PLUMBING LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WINTLE HEATING AND PLUMBING LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice and relevant Taxation legislation. We also considered those that may have a fundamental effect on the operations of the entity such as employment law and health and safety.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management, the overstatement of expenditure and the understatement of revenue. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing meeting minutes, regulatory correspondence and professional fees, detailed substantive testing on the completeness of income, as well as detailed substantive testing on expenditure, and reviewing accounting estimates for biases.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WINTLE HEATING AND PLUMBING LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Nicola Fox (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited, Statutory Auditor
Eagle House
28 Billing Road
Northampton
Northamptonshire
NN1 5AJ

22 May 2025

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £    £   

TURNOVER 4 8,543,657 10,648,541

Cost of sales 6,995,387 8,600,337
GROSS PROFIT 1,548,270 2,048,204

Administrative expenses 1,472,842 1,641,611
OPERATING PROFIT 6 75,428 406,593

Interest receivable and similar income 7 49,263 19,373
Other finance income 18 12,000 30,000
61,263 49,373
PROFIT BEFORE TAXATION 136,691 455,966

Tax on profit 8 22,878 71,058
PROFIT FOR THE FINANCIAL YEAR 113,813 384,908

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 113,813 384,908


OTHER COMPREHENSIVE INCOME
Actuarial gains/(losses) on pension (116,000 ) (134,000 )
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE INCOME FOR
THE YEAR, NET OF INCOME TAX

(116,000

)

(134,000

)
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

(2,187

)

250,908

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 10 99,136 145,132

CURRENT ASSETS
Stocks 11 484,869 582,174
Debtors 12 2,199,024 1,990,319
Cash at bank and in hand 1,080,590 1,106,956
3,764,483 3,679,449
CREDITORS
Amounts falling due within one year 13 1,889,497 1,775,893
NET CURRENT ASSETS 1,874,986 1,903,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,974,122

2,048,688

PROVISIONS FOR LIABILITIES 15 24,775 27,154
NET ASSETS 1,949,347 2,021,534

CAPITAL AND RESERVES
Called up share capital 16 14,680 14,680
Capital redemption reserve 17 5,320 5,320
Retained earnings 17 1,929,347 2,001,534
SHAREHOLDERS' FUNDS 1,949,347 2,021,534

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





P P Wintle - Director


WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 14,680 1,750,626 5,320 1,770,626

Changes in equity
Total comprehensive income - 250,908 - 250,908
Balance at 30 September 2023 14,680 2,001,534 5,320 2,021,534

Changes in equity
Dividends - (70,000 ) - (70,000 )
Total comprehensive income - (2,187 ) - (2,187 )
Balance at 30 September 2024 14,680 1,929,347 5,320 1,949,347

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 77,864 21,104
Employer contribution into pension (104,000 ) (104,000 )
Tax paid (59,831 ) (39,897 )
Net cash from operating activities (85,967 ) (122,793 )

Cash flows from investing activities
Purchase of tangible fixed assets (2,542 ) (104,374 )
Sale of tangible fixed assets 12,880 26,087
Interest received 49,263 19,373
Net cash from investing activities 59,601 (58,914 )

Cash flows from financing activities
Amount withdrawn by directors - (7 )
Changes in group financing 70,000 (120,000 )
Equity dividends paid (70,000 ) -
Net cash from financing activities - (120,007 )

Decrease in cash and cash equivalents (26,366 ) (301,714 )
Cash and cash equivalents at
beginning of year

2

1,106,956

1,408,670

Cash and cash equivalents at end of
year

2

1,080,590

1,106,956

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 136,691 455,966
Depreciation charges 48,533 36,087
Profit on disposal of fixed assets (12,875 ) (9,982 )
Finance income (61,263 ) (49,373 )
111,086 432,698
Decrease in stocks 97,305 65,323
(Increase)/decrease in trade and other debtors (208,705 ) 120,688
Increase/(decrease) in trade and other creditors 78,178 (597,605 )
Cash generated from operations 77,864 21,104

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30/9/24 1/10/23
£    £   
Cash and cash equivalents 1,080,590 1,106,956
Year ended 30 September 2023
30/9/23 1/10/22
£    £   
Cash and cash equivalents 1,106,956 1,408,670


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/10/23 Cash flow At 30/9/24
£    £    £   
Net cash
Cash at bank and in hand 1,106,956 (26,366 ) 1,080,590
1,106,956 (26,366 ) 1,080,590
Total 1,106,956 (26,366 ) 1,080,590

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Wintle Heating and Plumbing 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Sales of goods
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer
- 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.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably
- it is probable that the Company will receive the consideration due under the contract
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value of their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Motor vehicles - 2 or 4 years
Fixture and fittings- 4 or 5 years
Computer equipment - 4 or 5 years
Portable buildings- 4 years

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non distributable ordinary shares.

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.


WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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
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 a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement. usually dependent upon several factors including but not limited to age. length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated In sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS 102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This included the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset comprises:

a) The increase in net pension benefit liability arising from employee service during the period; and
b) The cost of plan introductions, benefit changes, curtailment and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Long term contracts
The attributable profits on long term contracts are recognised once their outcome can be assessed with reasonable certainty. The profits recognised reflects the proportion of work completed to date on the contract.

Full provision is made for losses on all contracts in the year in which the loss is first foreseen.

Going concern
These financial statements have been prepared on the going concern basis, which the directors believe to be appropriate because the company has net assets of £1,949,347 (2023 £2,021,534) and has traded profitably in challenging conditions. Additionally, its Defined Benefit pension scheme reported a surplus of £359k as at 30 September 2024 (which was not recognised in these accounts). The directors have reviewed the working capital requirements of the company for a period of at least 12 months from the anticipated date of signing these financial statements. The directors have considered the current housing market, and the likely impact of inflation and believe that these factors are not likely to have a significant effect.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company's accounting policies, which are described in note 2, management is required to make judgments, estimates and assumptions about the carrying values of assets and liabilities that are not readily separated from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The present value of the defined benefit pension scheme liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost (income) for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note I8, will impact the carrying amount of the pension liability.

The Company calculates a provision for expected remedial works based on an estimated proportion of costs including salaries and materials which is then applied to the trade debtors balance at the year end. The calculation for the provision is based on a number of estimates and judgements which are based on historic factors.

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

All turnover arose within the United Kingdom.

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 2,464,208 3,212,403
Social security costs 267,824 354,857
Other pension costs 130,834 169,876
2,862,866 3,737,136

The average number of employees during the year was as follows:
2024 2023

Direct 37 53
Staff 18 24
Management 5 4
60 81

2024 2023
£    £   
Directors' remuneration 267,333 267,000

The number of directors to whom retirement benefits were accruing was as follows:

Defined benefit schemes 1 1

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 58,000 61,000

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 21,486 22,291
Other operating leases 25,000 25,000
Depreciation - owned assets 48,533 36,088
Profit on disposal of fixed assets (12,875 ) (9,982 )
Auditors' remuneration 23,970 20,458

7. INTEREST RECEIVABLE AND SIMILAR INCOME
2024 2023
£    £   
Deposit account interest 49,263 19,373

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 25,257 59,831

Deferred tax (2,379 ) 11,227
Tax on profit 22,878 71,058

UK corporation tax has been charged at 25% (2023 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 136,691 455,966
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 19%)

34,173

86,634

Effects of:
Expenses not deductible for tax purposes 449 406
Income not taxable for tax purposes (3,000 ) -
Capital allowances in excess of depreciation - (11,330 )
Change in pension fund prepayment leading to an increase (decrease) in tax
(26,000

)

(25,460

)
Short term timing differences leading to an increase (decrease) in taxation
-

11,227
Changes in provision leading to an increase (decrease) in tax charge 9,021 1,403
Change in tax rate to 25% - 8,178
Marginal rate adjustment (340 ) -
Change in deferred tax rate 8,575 -
Total tax charge 22,878 71,058

Tax effects relating to effects of other comprehensive income

2024
Gross Tax Net
£    £    £   
Actuarial gains/(losses) on pension (116,000 ) - (116,000 )


WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. TAXATION - continued
2023
Gross Tax Net
£    £    £   
Actuarial gains/(losses) on pension (134,000 ) - (134,000 )

9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of 1 each
Interim 70,000 -

10. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 92,050 33,332 366,310 68,684 560,376
Additions - 390 - 2,152 2,542
Disposals - - (59,250 ) - (59,250 )
At 30 September 2024 92,050 33,722 307,060 70,836 503,668
DEPRECIATION
At 1 October 2023 92,014 27,533 232,054 63,643 415,244
Charge for year - 2,167 43,863 2,503 48,533
Eliminated on disposal - - (59,245 ) - (59,245 )
At 30 September 2024 92,014 29,700 216,672 66,146 404,532
NET BOOK VALUE
At 30 September 2024 36 4,022 90,388 4,690 99,136
At 30 September 2023 36 5,799 134,256 5,041 145,132

11. STOCKS
2024 2023
£    £   
Raw materials and consumables 484,869 582,174

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,012,969 1,825,138
Other debtors 23,672 13,317
VAT 80,425 74,921
Prepayments and accrued income 81,958 76,943
2,199,024 1,990,319

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Costs provision 524,243 802,351
Trade creditors 849,358 499,565
Amounts owed to group undertakings 88,057 18,057
Tax 25,257 59,831
Social security and other taxes 46,728 71,306
Other creditors 177,776 131,230
Accruals and deferred income 178,078 193,553
1,889,497 1,775,893

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 29,620 29,629
Between one and five years 80,613 94,575
110,233 124,204

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,775 27,154

Deferred
tax
£   
Balance at 1 October 2023 27,154
Credit to Income Statement during year (2,379 )
Balance at 30 September 2024 24,775

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
14,680 Ordinary 1 14,680 14,680

17. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2023 2,001,534 5,320 2,006,854
Profit for the year 113,813 113,813
Dividends (70,000 ) (70,000 )
Actuarial gain/(losses) on
defined benefit pension 53,000 - 53,000
Restriction on actuarial gain (169,000 ) - (169,000 )
At 30 September 2024 1,929,347 5,320 1,934,667

18. EMPLOYEE BENEFIT OBLIGATIONS

The Company operates a defined benefit pension scheme.

Calculations used for FRS 102 disclosures have been made based on the most recent actuarial valuations and assessed by Spence & Partners to take account of the requirements of FRS 102 in order to assess the liabilities of the pension plan at 30 September 2024.

The amounts recognised in profit or loss are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Current service cost - -
Net interest from net defined benefit
asset/liability

(12,000

)

(30,000

)
Past service cost - -
(12,000 ) (30,000 )

Actual return on plan assets 212,000 (254,000 )

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


18. EMPLOYEE BENEFIT OBLIGATIONS - continued

Changes in the present value of the defined benefit obligation are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Opening defined benefit obligation 2,982,000 2,991,000
Interest cost 148,000 150,000
Actuarial losses/(gains) (1,000 ) 26,000
Benefits paid (261,000 ) (185,000 )
2,868,000 2,982,000

Changes in the fair value of scheme assets are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Opening fair value of scheme assets 2,982,000 2,991,000
Contributions by employer 104,000 104,000
Expected return 160,000 180,000
Actuarial gains/(losses) 52,000 (434,000 )
Benefits paid (261,000 ) (185,000 )
Restriction of actuarial gain (169,000 ) 326,000
2,868,000 2,982,000

The amounts recognised in other comprehensive income are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Restriction of actuarial gain (169,000 ) 326,000
Actuarial gains/(losses) 53,000 (460,000 )
(116,000 ) (134,000 )

The major categories of scheme assets as a percentage of total scheme assets are as follows:

Defined benefit
pension plans
2024 2023
Bonds 94.00% 97.70%
Cash/Other 6.00% 2.30%
100.00% 100.00%

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


18. EMPLOYEE BENEFIT OBLIGATIONS - continued

Mortality Rates 2024 2023
- for a male aged 65 now 20.6 years 20.6 years
- at 65 for a male aged 45 now 21.5 years 21.5 years
- for a female aged 65 now 23.1 years 23.1 years
- at 65 for a female aged 45 now 24.2 years 24.2 years

Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):

2024 2023
Discount rate 4.67% 5.17%
Price inflation (RPI) 3.17% 3.40%
Price inflation (CPI) 2.52% 2.80%
RPI Liked Pension Increases 3.09% 3.28%
CPI Liked Pension Increases 1.93% 2.04%
Deferred Pension Revaluation 2.52% 2.80%

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


18. - continued

Net pension scheme liability

20242023
Fair value of plan assets3,227,0003,172,000
Present value of plan liabilities(2,868,000)(2,982,000)
Restriction of asset(359,000)(190,000)
Net pension scheme liability--

Net pension scheme liability

Amounts for the current and previous 4 periods are as follows:

Defined pension benefit schemes
20242023202220212020
Defined benefit obligation(2,868,000)(2,982,000)(2,991,000)(4,394,000)(4,647,000)
Scheme assets3,227,0003,172,0003,507,0003,997,0003,712,000
Restriction of asset(359,000)(190,000)(516,000)
Deficit---(397,000)(935,000)


Experience adjustments
on scheme liabilities

(1,000

)

26,000

1,300,000

139,000

(133,000

)
Experience adjustments
on scheme assets

(52,000

)

434,000

(485,000

)

307,000

(28,000

)
Restriction of actuarial
gain

359,000

190,000

(516,000

)

-

-
306,000650,000299,000446,000(161,000)

The Company expects to contribute £104,000 to its defined benefit pension scheme in 2025 (2024: £104,000).

The Actuarial Report at 30 September 2024 reported a scheme surplus of £359,000 but the directors have decided not to recognise this surplus on the basis that the economic environment is currently very uncertain. It cannot therefore be assumed that the employer will be able to benefit from this surplus in the future as changes in economic data can have a significant effect on actuarial valuations.

WINTLE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: 00885205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


19. RELATED PARTY DISCLOSURES

During the year the Company has the following transactions and balances with a company under common control by way of majority shareholding:

During the year the Company was charged £25,000 (2023 - £25,000) in respect of rent due to the company under common control. The company was also charged £784 (2023 - Nil) of recharges by the company under common control.

The Company charged the company under common control £1,644 (2023 - £1,643) of management charges for the year. Sales of £494 (2023 - Nil) were made to the company under common control.

The Company recharged purchases in the year amounting to £5,997 (2023 - £4,128) to the company under common control. At 30 September 2024 the Company was owed £7,641 (2023 - £7,154) by the company under common control.

During the year the Company has the following transactions and balances with their parent company: During the year the Company paid dividends of £70,000 (2023 - £Nil) to the parent company.

At 30 September 2024 the Company owed £88,057 (2023 - £18,057) to the parent company.

During the year, a total of key management personnel compensation of £ 267,333 (2023 - £ 267,000 ) was paid.

20. ULTIMATE CONTROLLING PARTY

The Company is controlled by Wintle Heating and Plumbing Holdings Limited. The registered office of Wintle Heating and Plumbing Holdings Limited is 19A Mansion Close, Moulton Park Industrial Estate, Northampton, NN3 6RU.