2024-04-012025-03-312025-03-31false13293294THE PLUMBING STORE LTD2025-05-2947789falseiso4217:GBPxbrli:pure132932942024-04-01132932942025-03-31132932942024-04-012025-03-31132932942023-04-01132932942024-03-31132932942023-04-012024-03-3113293294bus:SmallEntities2024-04-012025-03-3113293294bus:AuditExempt-NoAccountantsReport2024-04-012025-03-3113293294bus:FullAccounts2024-04-012025-03-3113293294bus:PrivateLimitedCompanyLtd2024-04-012025-03-3113293294core:WithinOneYear2025-03-3113293294core:AfterOneYear2025-03-3113293294core:WithinOneYear2024-03-3113293294core:AfterOneYear2024-03-3113293294core:ShareCapital2025-03-3113293294core:SharePremium2025-03-3113293294core:RevaluationReserve2025-03-3113293294core:OtherReservesSubtotal2025-03-3113293294core:RetainedEarningsAccumulatedLosses2025-03-3113293294core:ShareCapital2024-03-3113293294core:SharePremium2024-03-3113293294core:RevaluationReserve2024-03-3113293294core:OtherReservesSubtotal2024-03-3113293294core:RetainedEarningsAccumulatedLosses2024-03-3113293294core:LandBuildings2025-03-3113293294core:PlantMachinery2025-03-3113293294core:Vehicles2025-03-3113293294core:FurnitureFittings2025-03-3113293294core:OfficeEquipment2025-03-3113293294core:NetGoodwill2025-03-3113293294core:IntangibleAssetsOtherThanGoodwill2025-03-3113293294core:ListedExchangeTraded2025-03-3113293294core:UnlistedNon-exchangeTraded2025-03-3113293294core:LandBuildings2024-03-3113293294core:PlantMachinery2024-03-3113293294core:Vehicles2024-03-3113293294core:FurnitureFittings2024-03-3113293294core:OfficeEquipment2024-03-3113293294core:NetGoodwill2024-03-3113293294core:IntangibleAssetsOtherThanGoodwill2024-03-3113293294core:ListedExchangeTraded2024-03-3113293294core:UnlistedNon-exchangeTraded2024-03-3113293294core:LandBuildings2024-04-012025-03-3113293294core:PlantMachinery2024-04-012025-03-3113293294core:Vehicles2024-04-012025-03-3113293294core:FurnitureFittings2024-04-012025-03-3113293294core:OfficeEquipment2024-04-012025-03-3113293294core:NetGoodwill2024-04-012025-03-3113293294core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3113293294core:ListedExchangeTraded2024-04-012025-03-3113293294core:UnlistedNon-exchangeTraded2024-04-012025-03-3113293294core:MoreThanFiveYears2024-04-012025-03-3113293294core:Non-currentFinancialInstruments2025-03-3113293294core:Non-currentFinancialInstruments2024-03-3113293294dpl:CostSales2024-04-012025-03-3113293294dpl:DistributionCosts2024-04-012025-03-3113293294core:LandBuildings2024-04-012025-03-3113293294core:PlantMachinery2024-04-012025-03-3113293294core:Vehicles2024-04-012025-03-3113293294core:FurnitureFittings2024-04-012025-03-3113293294core:OfficeEquipment2024-04-012025-03-3113293294dpl:AdministrativeExpenses2024-04-012025-03-3113293294core:NetGoodwill2024-04-012025-03-3113293294core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3113293294dpl:GroupUndertakings2024-04-012025-03-3113293294dpl:ParticipatingInterests2024-04-012025-03-3113293294dpl:GroupUndertakingscore:ListedExchangeTraded2024-04-012025-03-3113293294core:ListedExchangeTraded2024-04-012025-03-3113293294dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-04-012025-03-3113293294core:UnlistedNon-exchangeTraded2024-04-012025-03-3113293294dpl:CostSales2023-04-012024-03-3113293294dpl:DistributionCosts2023-04-012024-03-3113293294core:LandBuildings2023-04-012024-03-3113293294core:PlantMachinery2023-04-012024-03-3113293294core:Vehicles2023-04-012024-03-3113293294core:FurnitureFittings2023-04-012024-03-3113293294core:OfficeEquipment2023-04-012024-03-3113293294dpl:AdministrativeExpenses2023-04-012024-03-3113293294core:NetGoodwill2023-04-012024-03-3113293294core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113293294dpl:GroupUndertakings2023-04-012024-03-3113293294dpl:ParticipatingInterests2023-04-012024-03-3113293294dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3113293294core:ListedExchangeTraded2023-04-012024-03-3113293294dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3113293294core:UnlistedNon-exchangeTraded2023-04-012024-03-3113293294core:NetGoodwill2025-03-3113293294core:IntangibleAssetsOtherThanGoodwill2025-03-3113293294core:LandBuildings2025-03-3113293294core:PlantMachinery2025-03-3113293294core:Vehicles2025-03-3113293294core:FurnitureFittings2025-03-3113293294core:OfficeEquipment2025-03-3113293294core:AfterOneYear2025-03-3113293294core:WithinOneYear2025-03-3113293294core:ListedExchangeTraded2025-03-3113293294core:UnlistedNon-exchangeTraded2025-03-3113293294core:ShareCapital2025-03-3113293294core:SharePremium2025-03-3113293294core:RevaluationReserve2025-03-3113293294core:OtherReservesSubtotal2025-03-3113293294core:RetainedEarningsAccumulatedLosses2025-03-3113293294core:NetGoodwill2024-03-3113293294core:IntangibleAssetsOtherThanGoodwill2024-03-3113293294core:LandBuildings2024-03-3113293294core:PlantMachinery2024-03-3113293294core:Vehicles2024-03-3113293294core:FurnitureFittings2024-03-3113293294core:OfficeEquipment2024-03-3113293294core:AfterOneYear2024-03-3113293294core:WithinOneYear2024-03-3113293294core:List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THE PLUMBING STORE LTD

Registered Number
13293294
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

THE PLUMBING STORE LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

PERRY, Joshua Charles
PRINN, Graham

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

13293294 (England and Wales)
THE PLUMBING STORE LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets37,1578,153
7,1578,153
Current assets
Stocks430,00030,000
Debtors5199,401130,463
Cash at bank and on hand86,99320,788
316,394181,251
Creditors amounts falling due within one year6(292,438)(200,696)
Net current assets (liabilities)23,956(19,445)
Total assets less current liabilities31,113(11,292)
Net assets31,113(11,292)
Capital and reserves
Called up share capital100100
Profit and loss account31,013(11,392)
Shareholders' funds31,113(11,292)
The financial statements were approved and authorised for issue by the Board of Directors on 29 May 2025, and are signed on its behalf by:
PERRY, Joshua Charles
Director
Registered Company No. 13293294
THE PLUMBING STORE LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing 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 transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20252024
Average number of employees during the year42
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 April 2414,495-14,495
Additions-1,2501,250
At 31 March 2514,4951,25015,745
Depreciation and impairment
At 01 April 246,342-6,342
Charge for year2,0382082,246
At 31 March 258,3802088,588
Net book value
At 31 March 256,1151,0427,157
At 31 March 248,153-8,153
4.Stocks

2025

2024

££
Finished goods30,00030,000
Total30,00030,000
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables174,652130,463
Other debtors24,749-
Total199,401130,463
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables181,194121,052
Bank borrowings and overdrafts313313
Taxation and social security28,3879,870
Finance lease and HP contracts3,4897,682
Other creditors79,05561,779
Total292,438200,696
7.Related party transactions
Included in the financial statements are the following transactions and balances with related parties: Perry's Group (Sussex) Ltd a company under common control: Turnover £316,954 (2024: £293,369) Current Assets: Debtors £22,439 (2024: £19,046) Debtors: Amounts falling due within one year £24,750 (2024: (£1,455))