SW1 PLUMBING AND HEATING SUPPLIES LTD 31/03/2025 iXBRL

Company registration number: 05262024

SW1 PLUMBING AND HEATING SUPPLIES LTD

Unaudited filleted financial statements

31 March 2025

SW1 PLUMBING AND HEATING SUPPLIES LTD

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

SW1 PLUMBING AND HEATING SUPPLIES LTD

Directors and other information


	Directors	A Desira
		S Kennedy
		J Ruiz
		S Desira
		K Kennedy
		K Ruiz


	Secretary	A Desira


	Company number	05262024


	Registered office	35 Moreton Street
		London
		SW1V 2NY


	Business address	35 Moreton Street
		London
		SW1V 2NY


	Accountants	Pritchard Fellows & Co Ltd
		Avery House
		8 Avery Hill Road
		New Eltham
		London
		SE9 2BD




	Bankers	National Westminster Bank plc

SW1 PLUMBING AND HEATING SUPPLIES LTD

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	8,214		9,665
		_______		_______
			8,214		9,665

Current assets
Stocks		150,105		176,423
Debtors	6	163,501		168,153
Cash at bank and in hand		-		7,003
		_______		_______
		313,606		351,579
Creditors: amounts falling due
within one year	7	( 224,408)		( 214,060)
		_______		_______
Net current assets			89,198		137,519
			_______		_______
Total assets less current liabilities			97,412		147,184

Creditors: amounts falling due
after more than one year	8		( 2,231)		( 12,435)
			_______		_______
Net assets			95,181		134,749
			_______		_______

Capital and reserves
Called up share capital			3		3
Profit and loss account			95,178		134,746
			_______		_______
Shareholders funds			95,181		134,749
			_______		_______

For the 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.

Directors responsibilities:

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

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

A Desira

Director

Company registration number: 05262024

SW1 PLUMBING AND HEATING SUPPLIES LTD

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	3	155,040	155,043

Profit for the year		69,706	69,706
	_______	_______	_______
Total comprehensive income for the year	-	69,706	69,706

Dividends paid and payable		( 90,000)	( 90,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 90,000)	( 90,000)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	3	134,746	134,749

Profit for the year		50,432	50,432
	_______	_______	_______
Total comprehensive income for the year	-	50,432	50,432

Dividends paid and payable		( 90,000)	( 90,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 90,000)	( 90,000)

	_______	_______	_______
At 31 March 2025	3	95,178	95,181
	_______	_______	_______

SW1 PLUMBING AND HEATING SUPPLIES LTD

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in London. The address of the registered office is 35 Moreton Street, London, SW1V 2NY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Leasehold properties	-	Straight line over the life of the lease
Plant and machinery	-	3 years Straight Line
Fittings fixtures and equipment	-	15% Reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 7 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	2,439	21,858	96,014	120,311
	_______	_______	_______	_______
Depreciation
At 1 April 2024	2,439	21,858	86,350	110,647
Charge for the year	-	-	1,450	1,450
	_______	_______	_______	_______
At 31 March 2025	2,439	21,858	87,800	112,097
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	-	-	8,214	8,214
	_______	_______	_______	_______
At 31 March 2024	-	-	9,664	9,664
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	160,498	165,185
Other debtors	3,003	2,968
	_______	_______
	163,501	168,153
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	73,024	29,445
Trade creditors	101,526	129,221
Corporation tax	16,475	20,654
Social security and other taxes	25,683	27,369
Other creditors	7,700	7,371
	_______	_______
	224,408	214,060
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,231	12,435
	_______	_______

9. Related party transactions

Warwick Electrical Wholesalers Ltd - -

Included in Creditors amounts SW1 owed to Wawick was £Nil (2024 : £Nil).