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Registration number: 04892184

Unique Plumbing Supplies Limited

Unaudited Filleted Financial Statements

for the Period from 1 October 2023 to 31 March 2025

 

Unique Plumbing Supplies Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Unique Plumbing Supplies Limited

(Registration number: 04892184)
Balance Sheet as at 31 March 2025

Note

2025
£

2023
£

Fixed assets

 

Tangible assets

5

289,534.00

349,253.00

Other financial assets

6

0.00

1,300.00

 

289,534.00

350,553.00

Current assets

 

Stocks

7

1,308,175.00

1,056,116.00

Debtors

8

1,511,318.00

1,255,176.00

Cash at bank and in hand

 

611,042.00

192,017.00

 

3,430,535.00

2,503,309.00

Creditors: Amounts falling due within one year

9

(2,244,048.00)

(1,698,309.00)

Net current assets

 

1,186,487.00

805,000.00

Total assets less current liabilities

 

1,476,021.00

1,155,553.00

Creditors: Amounts falling due after more than one year

9

(43,703.00)

(132,389.00)

Provisions for liabilities

(72,384.00)

(87,313.00)

Net assets

 

1,359,934.00

935,851.00

Capital and reserves

 

Called up share capital

100.00

100.00

Retained earnings

1,359,834.00

935,751.00

Shareholders' funds

 

1,359,934.00

935,851.00

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

 

Unique Plumbing Supplies Limited

(Registration number: 04892184)
Balance Sheet as at 31 March 2025

.........................................
Mr Nicholas Khaira
Company secretary and director

 

Unique Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tower Industrial Estate
Tower Lane
Eastleigh
SO50 6NZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Unique Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Improvements to property

in accordance with the lease

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

evenly over its estimated useful life of 10 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Unique Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 33 (2023 - 30).

 

Unique Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

5,000.00

5,000.00

At 31 March 2025

5,000.00

5,000.00

Amortisation

At 1 October 2023

5,000.00

5,000.00

At 31 March 2025

5,000.00

5,000.00

Carrying amount

At 31 March 2025

0.00

0.00

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

341,399.00

290,679.00

181,608.00

813,686.00

Additions

1,934.00

85,060.00

10,722.00

97,716.00

Disposals

0.00

(82,056.00)

(2,285.00)

(84,341.00)

At 31 March 2025

343,333.00

293,683.00

190,045.00

827,061.00

Depreciation

At 1 October 2023

231,230.00

137,218.00

95,985.00

464,433.00

Charge for the period

41,557.00

59,821.00

33,863.00

135,241.00

Eliminated on disposal

0.00

(61,357.00)

(790.00)

(62,147.00)

At 31 March 2025

272,787.00

135,682.00

129,058.00

537,527.00

Carrying amount

At 31 March 2025

70,546.00

158,001.00

60,987.00

289,534.00

At 30 September 2023

110,169.00

153,461.00

85,623.00

349,253.00

 

Unique Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

1,300.00

1,300.00

Disposals

(1,300.00)

(1,300.00)

At 31 March 2025

0.00

0.00

Impairment

Carrying amount

At 31 March 2025

0.00

0.00

7

Stocks

2025
£

2023
£

Other inventories

1,308,175.00

1,056,116.00

8

Debtors

Current

2025
£

2023
£

Trade debtors

1,253,569.00

1,030,248.00

Prepayments

124,563.00

76,263.00

Other debtors

133,186.00

148,665.00

 

1,511,318.00

1,255,176.00

9

Creditors

Creditors: amounts falling due within one year

 

Unique Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Note

2025
£

2023
£

Due within one year

 

Loans and borrowings

90,315.00

157,780.00

Trade creditors

 

1,539,554.00

1,128,887.00

Taxation and social security

 

320,435.00

195,239.00

Accruals and deferred income

 

213,719.00

180,377.00

Other creditors

 

80,025.00

36,026.00

 

2,244,048.00

1,698,309.00

Creditors: amounts falling due after more than one year

Note

2025
£

2023
£

Due after one year

 

Loans and borrowings

43,703.00

132,389.00

10

Related party transactions

Transactions with directors

2025

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Directors loan

100,000.00

69,984.00

(100,000.00)

69,984.00

 

2023

At 1 October 2022
£

Advances to director
£

At 30 September 2023
£

Directors loan

0.00

100,000.00

100,000.00