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Registered number: 05783656










SX Heating & Plumbing Suppliers Limited










Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
SX Heating & Plumbing Suppliers Limited
Registered number: 05783656

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
1,833
60,131

  
1,833
60,131

Creditors: amounts falling due within one year
  
(1,630)
(59,928)

Net current assets
  
 
 
203
 
 
203

Total assets less current liabilities
  
203
203

  

Net assets
  
203
203


Capital and reserves
  

Called up share capital 
 5 
203
203

Shareholders' funds
  
203
203


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 June 2025.




Mr I M Beggs
Director

The notes on pages 2 to 4 form part of these financial statements.

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Page 1

 
SX Heating & Plumbing Suppliers Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

SX Heating & Plumbing Suppliers Ltd is a private company limited by shares and  incorporated in England. The registration number and address of the registered office are given in the Company information section of these financial statements.
The Company did not trade in the current year.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosures is required to show a true and fair view.                                           

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors of SX Heating & Plumbing Suppliers Limited have reviewed the appropriateness of the
going concern assumption and consider that the Company has sufficient resources to meet all liabilities as they arise for the foreseeable future.
Accordingly, the directors believe that it is appropriate to continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

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

 
2.5

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
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SX Heating & Plumbing Suppliers Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the process of applying the Company's accounting policies, management has not made any significant judgements.  There are no key assumptions concerning the future of other key sources of estimation that have a significant risk of raising a material adjustment to the carrying amounts of assets of liabilities within the next financial period.


4.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
3
3

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SX Heating & Plumbing Suppliers Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) Ordinary shares of £1.00 each
200
200
3 (2023 - 3) Preference shares of £1.00 each
3
3

203

203



6.


Related party transactions

The Company has availed of the exemption in FRS 102 Section 33, Paragraph 33.1A which allows non-disclosure of transactions between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.


7.


Post balance sheet events

There are no post balance sheet events requiring disclosure.


8.


Controlling party

The ultimate parent undertaking of the Company is Beggs and Partners, a company incorporated in Northern Ireland.  The Group does not prepare consolidated accounts.
The controlling party is Ian Beggs.


9.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 20 June 2025 by Adrian Patton (Senior statutory auditor) on behalf of Sumer Auditco NI Limited.

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