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REGISTERED NUMBER: 03029405 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Ilkeston Plumbing & Heating Supplies
Limited

Ilkeston Plumbing & Heating Supplies
Limited (Registered number: 03029405)






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


Ilkeston Plumbing & Heating Supplies
Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr A L Booth
Mr P Gascoyne
Mr C A Booth
Mr J A Booth





SECRETARY: Mrs S Booth





REGISTERED OFFICE: 3 Colwick Quays Business Park
Colwick
Nottingham
Nottinghamshire
NG4 2JY





BUSINESS ADDRESS: Unit 17 Soloman Road
Cossall Industrial Estate
Ilkeston
Derbyshire
DE7 5UA





REGISTERED NUMBER: 03029405 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Ilkeston Plumbing & Heating Supplies
Limited (Registered number: 03029405)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,779 49,213

CURRENT ASSETS
Stocks 525,000 465,000
Debtors 5 256,284 227,509
Cash at bank and in hand 67,460 153,449
848,744 845,958
CREDITORS
Amounts falling due within one year 6 (320,737 ) (313,714 )
NET CURRENT ASSETS 528,007 532,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,786

581,457

CREDITORS
Amounts falling due after more than one
year

7

(2,500

)

(12,500

)

PROVISIONS FOR LIABILITIES (8,782 ) (9,891 )
NET ASSETS 561,504 559,066

CAPITAL AND RESERVES
Called up share capital 9 226 226
Retained earnings 561,278 558,840
SHAREHOLDERS' FUNDS 561,504 559,066

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.

Ilkeston Plumbing & Heating Supplies
Limited (Registered number: 03029405)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





Mr A L Booth - Director


Ilkeston Plumbing & Heating Supplies
Limited (Registered number: 03029405)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Ilkeston Plumbing & Heating Supplies 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.

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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

Ilkeston Plumbing & Heating Supplies
Limited (Registered number: 03029405)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 120,394
Additions 3,000
At 31 March 2025 123,394
DEPRECIATION
At 1 April 2024 71,181
Charge for year 7,434
At 31 March 2025 78,615
NET BOOK VALUE
At 31 March 2025 44,779
At 31 March 2024 49,213

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 45,495
Transfer to ownership (45,495 )
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 34,699
Transfer to ownership (34,699 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 10,796

Ilkeston Plumbing & Heating Supplies
Limited (Registered number: 03029405)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 159,093 125,294
Amounts owed by group undertakings 44,707 99,707
Other debtors 52,484 2,508
256,284 227,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 7,319
Trade creditors 277,718 253,340
Amounts owed to group undertakings 15,631 15,631
Taxation and social security 10,201 15,621
Other creditors 7,187 11,803
320,737 313,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 2,500 12,500

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 12,500 22,500
Hire purchase contracts - 7,319
12,500 29,819

Amounts are secured against the asset to which the debt relates. HSBC UK Bank PLC holds a fixed and floating charge over all assets as security for the payment and discharge of the debt due from the company to the bank.

Ilkeston Plumbing & Heating Supplies
Limited (Registered number: 03029405)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
101 Ordinary "A" £1 101 101
125 Ordinary "B" £1 125 125
226 226

10. ULTIMATE PARENT UNDERTAKING

Mayes Holdings Limited is regarded by the director as being the company's ultimate parent undertaking.