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REGISTERED NUMBER: 02011185 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Newline Plumbing & Heating Supplies
Limited

Newline Plumbing & Heating Supplies
Limited (Registered number: 02011185)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Newline Plumbing & Heating Supplies
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S J Kendrick
K L Savory





REGISTERED OFFICE: Unit 3 Central Trading Estate
Stallings Lane
Kingswinford
West Midlands
DY6 7LJ





REGISTERED NUMBER: 02011185 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Newline Plumbing & Heating Supplies
Limited (Registered number: 02011185)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,875 40,083

CURRENT ASSETS
Stocks 80,300 103,716
Debtors 5 129,476 178,177
Cash at bank 151 149
209,927 282,042
CREDITORS
Amounts falling due within one year 6 89,452 88,559
NET CURRENT ASSETS 120,475 193,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,350

233,566

CREDITORS
Amounts falling due after more than one year 7 28,316 45,897
NET ASSETS 121,034 187,669

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 120,034 186,669
SHAREHOLDERS' FUNDS 121,034 187,669

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.

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 2 June 2025 and were signed on its behalf by:




S J Kendrick - Director


Newline Plumbing & Heating Supplies
Limited (Registered number: 02011185)

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

1. STATUTORY INFORMATION

Newline 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% 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.

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.

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 6 (2023 - 6 ) .

Newline Plumbing & Heating Supplies
Limited (Registered number: 02011185)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 4,764 13,388 60,481 1,990 80,623
Disposals - - (5,000 ) - (5,000 )
At 31 December 2024 4,764 13,388 55,481 1,990 75,623
DEPRECIATION
At 1 January 2024 4,764 12,500 21,962 1,314 40,540
Charge for year - 522 10,029 657 11,208
Eliminated on disposal - - (5,000 ) - (5,000 )
At 31 December 2024 4,764 13,022 26,991 1,971 46,748
NET BOOK VALUE
At 31 December 2024 - 366 28,490 19 28,875
At 31 December 2023 - 888 38,519 676 40,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,884 83,721
Other debtors 26,592 94,456
129,476 178,177

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,770 11,930
Hire purchase contracts 7,443 7,443
Trade creditors 43,349 45,310
Taxation and social security 13,477 20,463
Other creditors 3,413 3,413
89,452 88,559

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,790 14,928
Hire purchase contracts 23,526 30,969
28,316 45,897

8. SECURED DEBTS

The hire purchase creditor is secured by way of fixed charge over the related assets.

Newline Plumbing & Heating Supplies
Limited (Registered number: 02011185)

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

9. RELATED PARTY DISCLOSURES

At the end of the year the amounts due to the directors amounted to £163 (2023: £163).

At 31 December 2024 £5,000 (2023 £30,000) was due from Nestor Kendrick Properties Limited, a related company.

At 31 December 2024 £20,000 (2023: £43,396) was due from Splash Luxury Bathroom Limited, a company under common control.