Company registration number: 07051194
Unaudited financial statements
for the year ended 31 October 2024
for
Contract Plumbing Solutions Limited
Pages for filing with the Registrar
Company registration number: 07051194
Contract Plumbing Solutions Limited
Balance sheet
as at 31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 61,280 59,438
61,280 59,438
Current assets
Debtors 1,566,078 1,150,284
Cash at bank and in hand 104,091 251,774
1,670,169 1,402,058
Creditors: amounts falling due within one
year
(1,574,095) (1,238,973)
Net current assets 96,074 163,085
Total assets less current liabilities 157,354 222,523
NET ASSETS 157,354 222,523
Capital and reserves
Called up share capital 3 3
Profit and loss account 157,351 222,520
TOTAL EQUITY 157,354 222,523
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 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: 07051194
Contract Plumbing Solutions Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr N Sowry, Director
31 March 2025
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Contract Plumbing Solutions Limited
Notes to the financial statements
for the year ended 31 October 2024
1 Company information
Contract Plumbing Solutions Limited is a private company registered in England and Wales. Its registered number is 07051194. The company is limited by shares. Its registered office is Office 50 Sugar Mill, 432 Dewsbury Road, Leeds, West Yorkshire, LS11 7DF.
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.
Plant and Equipment:
Plant and Equipment - 15% reducing balance
Motor Vehicles - 25% reducing balance
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.
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Contract Plumbing Solutions Limited
Notes to the financial statements - continued
for the year ended 31 October 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 10 (2023 - 7).
4 Tangible fixed assets
Plant and
Equipment
£
Cost
At 1 November 2023 153,909
Additions 22,199
At 31 October 2024 176,108
Depreciation
At 1 November 2023 94,471
Charge for year 20,357
At 31 October 2024 114,828
Net book value
At 31 October 2024 61,280
At 31 October 2023 59,438
5 Dividends Ordinary A Shares
Dividends payable for the year ended 31 October 2024 was £60,000.

Dividends payable for the year ended 31 October 2023 was £60,000.
6 Dividends Ordinary B Shares
Dividends payable for the year ended 31 October 2024 was £420,000.

Dividends payable for the year ended 31 October 2023 was £200,000.
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