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REGISTERED NUMBER: 03877230 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PLUMBERS MATE LIMITED

PLUMBERS MATE LIMITED (REGISTERED NUMBER: 03877230)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLUMBERS MATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: K C Meech
B Meech
Ms D E Philps





SECRETARY: B Meech





REGISTERED OFFICE: 2 Firle Road
Eastbourne
East Sussex
BN22 8DP





REGISTERED NUMBER: 03877230 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

PLUMBERS MATE LIMITED (REGISTERED NUMBER: 03877230)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,993 34,913
21,993 34,913

CURRENT ASSETS
Stocks 6 450,000 455,000
Debtors 7 17,963 18,306
Cash at bank and in hand 69,103 50,371
537,066 523,677
CREDITORS
Amounts falling due within one year 8 117,029 142,720
NET CURRENT ASSETS 420,037 380,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,030

415,870

PROVISIONS FOR LIABILITIES 10 4,348 6,454
NET ASSETS 437,682 409,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 437,582 409,316
SHAREHOLDERS' FUNDS 437,682 409,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

PLUMBERS MATE LIMITED (REGISTERED NUMBER: 03877230)

BALANCE SHEET - continued
31 MARCH 2025


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 7 July 2025 and were signed on its behalf by:





K C Meech - Director


PLUMBERS MATE LIMITED (REGISTERED NUMBER: 03877230)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Plumbers Mate 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the term of the lease
Plant & machinery - 25% on reducing balance
Furniture,fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
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.

PLUMBERS MATE LIMITED (REGISTERED NUMBER: 03877230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 60,000
AMORTISATION
At 1 April 2024
and 31 March 2025 60,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant & Furniture,fitti
property machinery & equipment
£    £    £   
COST
At 1 April 2024
and 31 March 2025 45,763 32,997 38,298
DEPRECIATION
At 1 April 2024 45,763 20,621 35,229
Charge for year - 3,094 460
At 31 March 2025 45,763 23,715 35,689
NET BOOK VALUE
At 31 March 2025 - 9,282 2,609
At 31 March 2024 - 12,376 3,069

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 23,200 43,103 183,361
DEPRECIATION
At 1 April 2024 21,725 25,110 148,448
Charge for year 369 8,997 12,920
At 31 March 2025 22,094 34,107 161,368
NET BOOK VALUE
At 31 March 2025 1,106 8,996 21,993
At 31 March 2024 1,475 17,993 34,913

PLUMBERS MATE LIMITED (REGISTERED NUMBER: 03877230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. STOCKS
2025 2024
£    £   
Stocks 450,000 455,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 11,202 12,049
Other debtors 1,300 1,300
Prepayments 5,461 4,957
17,963 18,306

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 31,388 30,475
Tax 9,035 3,713
VAT 8,932 8,959
Other creditors 3,500 3,500
Directors' current accounts 60,715 92,059
Accrued expenses 3,459 4,014
117,029 142,720

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 14,000 14,000
Between one and five years 28,000 42,000
42,000 56,000

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated / decelerated capital allowances 4,348 6,454

Deferred
tax
£   
Balance at 1 April 2024 6,454
Provided during year (2,106 )
Balance at 31 March 2025 4,348

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K C Meech.