Company registration number 09439650 (England and Wales)
DSP DRAINAGE & PLUMBING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
DSP DRAINAGE & PLUMBING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DSP DRAINAGE & PLUMBING LIMITED (REGISTERED NUMBER: 09439650)
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
351,767
410,301
Current assets
Debtors
4
142,901
213,106
Cash at bank and in hand
202,276
337,255
345,177
550,361
Creditors: amounts falling due within one year
5
(237,981)
(266,182)
Net current assets
107,196
284,179
Total assets less current liabilities
458,963
694,480
Creditors: amounts falling due after more than one year
6
(68,434)
(81,720)
Provisions for liabilities
(75,463)
(89,462)
Net assets
315,066
523,298
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
314,966
523,198
Total equity
315,066
523,298

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

DSP DRAINAGE & PLUMBING LIMITED (REGISTERED NUMBER: 09439650)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 June 2025 and are signed on its behalf by:
Mr W C Steans
Director
DSP DRAINAGE & PLUMBING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

DSP Drainage & Plumbing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor (Right) Downe House, 303 High Street, Orpington, Kent, England, BR6 0NN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for s ervices provided in the normal course of business, which are planned and reactive maintenance of drains and plumbing systems, and is shown net of VAT and other sales related taxes.

Turnover from services is recognised in the period they are generated at pre-determined fee rates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on reducing balance
Fixtures, fittings & equipment
20% on reducing balance
Computer equipment
20% on reducing balance
Motor vehicles
20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DSP DRAINAGE & PLUMBING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
20
18
DSP DRAINAGE & PLUMBING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
147,039
22,154
52,424
492,031
713,648
Additions
13,158
6,100
12,569
75,641
107,468
Disposals
(34,249)
(8,709)
(27,218)
(154,388)
(224,564)
At 31 March 2025
125,948
19,545
37,775
413,284
596,552
Depreciation and impairment
At 1 April 2024
82,173
8,427
26,182
186,565
303,347
Depreciation charged in the year
11,540
3,181
4,889
62,379
81,989
Eliminated in respect of disposals
(19,955)
(6,006)
(18,723)
(95,867)
(140,551)
At 31 March 2025
73,758
5,602
12,348
153,077
244,785
Carrying amount
At 31 March 2025
52,190
13,943
25,427
260,207
351,767
At 31 March 2024
64,866
13,727
26,242
305,466
410,301
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
111,334
146,941
Other debtors
31,567
66,165
142,901
213,106
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
6,845
5,439
Trade creditors
13,225
18,689
Taxation and social security
193,481
219,012
Other creditors
24,430
23,042
237,981
266,182
DSP DRAINAGE & PLUMBING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
40,477
50,935
Other creditors
27,957
30,785
68,434
81,720
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
53,527
27,865
8
Financial commitments, guarantees and contingent liabilities

During the 2022 accounting period, the company borrowed £50,000 from its bankers for a Bounce Back Loan. As part of this loan scheme, the UK government guaranteed the advance and paid the interest and fees due for the first 12 months. At the balance sheet date, the outstanding amount of the loan was £26,316 (2024: £33,494). This amount is shown within creditors within one year and over one year on the balance sheet. The interest rate on this loan is 2.50% per annum.

9
Directors' transactions

As at the balance sheet date there was an overdrawn directors' loan account balance of £140 (2024: £42,455) included in other debtors. This was repaid within 9 months of the year-end.

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