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Registration number: 05856808

PRW Plumbing & Heating Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

PRW Plumbing & Heating Ltd

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

PRW Plumbing & Heating Ltd

Company Information

Director

P R Willmott

Company secretary

L M Willmott

Registered office

Bristol Cottage
Jubilee Lane
Cromhall
Wotton-under-edge
Gloucestershire
GL12 8AU

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

PRW Plumbing & Heating Ltd

Director's Report
Year Ended 31 March 2025

The director presents his report and the financial statements for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

P R Willmott

Principal activity

The principal activity of the company is plumbing services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 12 August 2025 and signed on its behalf by:

.........................................
L M Willmott
Company secretary

 

PRW Plumbing & Heating Ltd

(Registration number: 05856808)
Balance Sheet
31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

38,607

27,635

Current assets

 

Stocks

48,676

38,505

Debtors

5

64,459

54,873

Cash at bank and in hand

 

86,196

104,363

 

199,331

197,741

Creditors: Amounts falling due within one year

6

(165,896)

(156,400)

Net current assets

 

33,435

41,341

Total assets less current liabilities

 

72,042

68,976

Provisions for liabilities

(4,287)

(1,209)

Net assets

 

67,755

67,767

Capital and reserves

 

Called up share capital

2

2

Retained earnings

67,753

67,765

Shareholders' funds

 

67,755

67,767

 

PRW Plumbing & Heating Ltd

(Registration number: 05856808)
Balance Sheet
31 March 2025

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

Director's responsibilities:

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

The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 August 2025
 

.........................................
P R Willmott
Director

 

PRW Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements
Year Ended 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:
Bristol Cottage
Jubilee Lane
Cromhall
Wotton-under-edge
Gloucestershire
GL12 8AU
England

These financial statements were authorised for issue by the director on 12 August 2025.

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 provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

 

PRW Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

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

Property improvements

5% Straight Line

Motor Vehicles

25% Straight Line

Plant & Machinery

20% Reducing Balance

Office Equipment

3 Years Straight Line

Fixtures and fittings

25% Reducing Balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

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 is valued at selling price for work completed but unbilled at the end of financial year.

 

PRW Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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 the director) during the year, was 4 (2024 - 4).

 

PRW Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

4

Tangible assets

Property improvements
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 April 2024

26,823

1,510

11,057

10,540

Additions

-

-

-

-

Disposals

-

-

-

-

At 31 March 2025

26,823

1,510

11,057

10,540

Depreciation

At 1 April 2024

4,023

873

9,752

7,647

Charge for the year

1,342

159

261

2,331

Eliminated on disposal

-

-

-

-

At 31 March 2025

5,365

1,032

10,013

9,978

Carrying amount

At 31 March 2025

21,458

478

1,044

562

At 31 March 2024

22,800

637

1,305

2,893

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

36,590

86,520

Additions

20,087

20,087

Disposals

(10,432)

(10,432)

At 31 March 2025

46,245

96,175

Depreciation

At 1 April 2024

36,590

58,885

Charge for the year

5,022

9,115

Eliminated on disposal

(10,432)

(10,432)

At 31 March 2025

31,180

57,568

Carrying amount

At 31 March 2025

15,065

38,607

At 31 March 2024

-

27,635

 

PRW Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Included within the net book value of land and buildings above is £21,459 (2024 - £22,800) in respect of short leasehold land and buildings.
 

5

Debtors

2025
£

2024
£

Trade debtors

3,037

12,756

Prepayments

2,001

2,053

Other debtors

59,421

40,064

64,459

54,873

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

4,036

15,266

Taxation and social security

7,528

21,555

Accruals and deferred income

2,055

1,975

Other creditors

152,277

117,604

165,896

156,400