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REGISTERED NUMBER: 07816512 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

PTW Plumbing Ltd

PTW Plumbing Ltd (Registered number: 07816512)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PTW Plumbing Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: I P Flynn





REGISTERED OFFICE: 74 Glanmor Road
Uplands
Swansea
West Glamorgan
SA2 0QB





REGISTERED NUMBER: 07816512 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

PTW Plumbing Ltd (Registered number: 07816512)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,364 1,433

CURRENT ASSETS
Stocks 3,400 3,150
Debtors 5 1,229 2,880
Cash at bank 4,188 417
8,817 6,447
CREDITORS
Amounts falling due within one year 6 9,136 5,335
NET CURRENT (LIABILITIES)/ASSETS (319 ) 1,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,045

2,545

CREDITORS
Amounts falling due after more than
one year

7

(16,000

)

-

PROVISIONS FOR LIABILITIES 9 (2,410 ) (230 )
NET ASSETS 5,635 2,315

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,633 2,313
SHAREHOLDERS' FUNDS 5,635 2,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PTW Plumbing Ltd (Registered number: 07816512)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2025 and were signed by:





I P Flynn - Director


PTW Plumbing Ltd (Registered number: 07816512)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

PTW Plumbing Ltd 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 consists of the invoiced value (excluding VAT) for goods and services supplied to third parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value. Work in progress is calculated at the value of work completed at the year end but not yet invoiced.

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.

PTW Plumbing Ltd (Registered number: 07816512)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Going concern
Based on the results shown in these financial statements together with his knowledge of the business, the director is confident that the going concern principle may be applied.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 2,575 14,000 714 17,289
Additions - 23,290 - 23,290
At 31 October 2024 2,575 37,290 714 40,579
DEPRECIATION
At 1 November 2023 2,467 12,762 627 15,856
Charge for year 27 310 22 359
At 31 October 2024 2,494 13,072 649 16,215
NET BOOK VALUE
At 31 October 2024 81 24,218 65 24,364
At 31 October 2023 108 1,238 87 1,433

The net book value of tangible fixed assets held under hire purchase at 31 October 2024 was £23,290. The depreciation provided on these assets in the year was £nil.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 780 2,880
Prepayments 449 -
1,229 2,880

PTW Plumbing Ltd (Registered number: 07816512)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 4,000 -
Trade creditors 646 -
Social security and other taxes (21,891 ) (22,118 )
Other creditors 1,440 2,640
Directors' current accounts 24,941 24,813
9,136 5,335

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 16,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 20,000 -

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 2,410 230

Deferred
tax
£   
Balance at 1 November 2023 230
Charge to Income Statement during year 2,180
Balance at 31 October 2024 2,410

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is I P Flynn.