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REGISTERED NUMBER: 05417800 (England and Wales)















MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025






MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 05417800)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: Mr R Baker
Mr W L Seagroatt





SECRETARY: Mrs S E Baker





REGISTERED OFFICE: Unit 18 Star West
Westmead Industrial Estate
Westmead Drive
SWINDON
Wiltshire
SN5 7SW





REGISTERED NUMBER: 05417800 (England and Wales)





ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG

MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 05417800)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 110,028 125,055

CURRENT ASSETS
Stocks 2,500 3,400
Debtors 5 69,216 156,253
Cash at bank 324,942 255,650
396,658 415,303
CREDITORS
Amounts falling due within one year 6 83,673 59,102
NET CURRENT ASSETS 312,985 356,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,013

481,256

PROVISIONS FOR LIABILITIES 7 135,516 151,793
NET ASSETS 287,497 329,463

CAPITAL AND RESERVES
Called up share capital 8 200 200
Other reserves 100 100
Retained earnings 287,197 329,163
SHAREHOLDERS' FUNDS 287,497 329,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 05417800)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th May 2025 and were signed on its behalf by:




Mr R Baker - Director



Mr W L Seagroatt - Director


MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 05417800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

MWR Plumbing and Heating (Contractors) Limited is a private company, limited by shares, registered in England and Wales.

The registered number is 05417800.

The registered office is Unit 18 Star West, Westmead Drive, Swindon, SN5 7SW.

The financial statements are prepared in pound sterling.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:
- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.
- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.
- Determine an appropriate provision for obsolete and slow moving stocks by assessing the net realisable value of all stock lines on a line by line basis.
- Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 05417800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 contribution pension scheme. 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 8 (2024 - 9 ) .

MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 05417800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2024 151,868 170,837 322,705
Additions - 2,046 2,046
Disposals - (42,239 ) (42,239 )
At 31st March 2025 151,868 130,644 282,512
DEPRECIATION
At 1st April 2024 54,673 142,977 197,650
Charge for year 3,038 5,487 8,525
Eliminated on disposal - (33,691 ) (33,691 )
At 31st March 2025 57,711 114,773 172,484
NET BOOK VALUE
At 31st March 2025 94,157 15,871 110,028
At 31st March 2024 97,195 27,860 125,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 41,585 117,987
Amounts recoverable on contract 19,821 31,720
Other debtors 7,810 6,546
69,216 156,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 38,984 42,113
Taxation and social security 39,871 10,818
Other creditors 4,818 6,171
83,673 59,102

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 3,016 5,293
Other provisions 132,500 146,500
135,516 151,793

MWR PLUMBING AND HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 05417800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


7. PROVISIONS FOR LIABILITIES - continued

Deferred Other
tax provisions
£    £   
Balance at 1st April 2024 5,293 146,500
Credit to Statement of Income and Retained Earnings during year (2,277 ) (14,000 )
Balance at 31st March 2025 3,016 132,500

Included within other provisions is a warranty provision.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200 Ordinary £1 200 200