Company registration number: 06793500
Unaudited financial statements
for the year ended 30 September 2024
for
Direct Plumbing and Heating Distribution Limited
Pages for filing with the Registrar
Direct Plumbing and Heating Distribution Limited
Chartered Accountants' Report to the Director for the preparation of the unaudited
financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Direct Plumbing and Heating Distribution Limited for the year ended 30 September 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at https://www.icaew.com/regulation.
This report is made solely to the Director of Direct Plumbing and Heating Distribution Limited, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Direct Plumbing and Heating Distribution Limited and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Direct Plumbing and Heating Distribution Limited and its Director for our work, or for this report.
It is your duty to ensure that Direct Plumbing and Heating Distribution Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Direct Plumbing and Heating Distribution Limited. You consider that Direct Plumbing and Heating Distribution Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Direct Plumbing and Heating Distribution Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
M Ahmed and Co Accountants Ltd
83 Park Road
Chilwell
Nottingham
NG9 4DE
United Kingdom
Date: 25 June 2025
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Company registration number: 06793500
Direct Plumbing and Heating Distribution Limited
Balance sheet
as at 30 September 2024
30 Sep 24 30 Sep 23
Note £ £ £ £
Fixed assets
Tangible assets 4 60,678 64,772
60,678 64,772
Current assets
Stocks 157,398 216,505
Debtors 15,485 55,406
Investments 1,300 1,300
Cash at bank and in hand 5,728 1,350
179,911 274,561
Creditors: amounts falling due within one
year
(98,983) (196,698)
Net current assets 80,928 77,863
Total assets less current liabilities 141,606 142,635
Creditors: Amounts falling due after more
than one year
(7,246) (17,800)
NET ASSETS 134,360 124,835
Capital and reserves
Called up share capital 45,000 45,000
Profit and loss account 89,360 79,835
TOTAL EQUITY 134,360 124,835
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06793500
Direct Plumbing and Heating Distribution Limited
Balance sheet - continued
as at 30 September 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A Ali, Director
25 June 2025
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Direct Plumbing and Heating Distribution Limited
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Direct Plumbing and Heating Distribution Limited is a private company registered in England and Wales. Its registered number is 06793500. The company is limited by shares. Its registered office is 1 Drayton Street, Wolverhampton, WV2 4EA.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Buildings - 2% reducing balance
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% 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.
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Direct Plumbing and Heating Distribution Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 October 2023 54,000 93,635 147,635
At 30 September 2024 54,000 93,635 147,635
Depreciation
At 1 October 2023 4,776 78,087 82,863
Charge for year 984 3,110 4,094
At 30 September 2024 5,760 81,197 86,957
Net book value
At 30 September 2024 48,240 12,438 60,678
At 30 September 2023 49,224 15,548 64,772
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Direct Plumbing and Heating Distribution Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 30 September 2024 and 30 September 2023.
30 Sep 24 30 Sep 23
£ £
Mr A Ali -
Balance outstanding at start of year 108,962 -
Amounts repaid (41,528) -
Balance outstanding at end of year 67,434 -
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