SML Plumbing and Heating (Havant) LTD - Limited company accounts 25.1

REGISTERED NUMBER: 06879201 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2025

for

SML Plumbing and Heating (Havant) LTD

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mr S Landers

REGISTERED OFFICE:

26 knowsley Crescent,

Cosham

Portsmouth

Hampshire

PO6 2PJ

REGISTERED NUMBER:

06879201 (England and Wales)

ACCOUNTANTS:

Priors Consultancy (Southern) Limited

12 Priors Close

Southbourne

Emsworth

Hampshire

PO10 8LJ

The director presents his report with the financial statements of the company for the year ended 30 April 2025.

DIRECTOR

Mr S Landers held office during the whole of the period from 1 May 2024 to the date of this report.

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

ON BEHALF OF THE BOARD:

Mr S Landers - Director

23 September 2025

TURNOVER

85,482

86,984

Cost of sales

43,882

45,300

GROSS PROFIT

41,600

41,684

Administrative expenses

25,870

25,621

OPERATING PROFIT

4

15,730

16,063

Interest receivable and similar
income

22

9

15,752

16,072

Interest payable and similar
expenses

5

983

982

PROFIT BEFORE TAXATION

14,769

15,090

Tax on profit

3,074

3,372

PROFIT FOR THE FINANCIAL YEAR

11,695

11,718

FIXED ASSETS

Intangible assets

6

-

Tangible assets

7

10,683

13,029

10,683

13,029

CURRENT ASSETS

Stocks

8

2,509

1,248

Debtors

9

10,956

3,965

Cash at bank

75,978

85,789

89,443

91,002

CREDITORS

Amounts falling due within one year

10

10,299

4,743

NET CURRENT ASSETS

79,144

86,259

TOTAL ASSETS LESS CURRENT
LIABILITIES

89,827

99,288

CREDITORS

Amounts falling due after more than
one year

11

-

7,860

NET ASSETS

89,827

91,428

CAPITAL AND RESERVES

Called up share capital

12

100

Retained earnings

13

89,727

91,328

SHAREHOLDERS' FUNDS

89,827

91,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

Mr S Landers - Director

1.	STATUTORY INFORMATION

SML Plumbing and Heating (Havant) LTD 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.25

30.4.24

£

Depreciation - owned assets

2,346

2,860

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.4.25

30.4.24

£

Bank loan interest

983

982

6.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

10,000

AMORTISATION

At 1 May 2024

and 30 April 2025

10,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

7.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 May 2024

and 30 April 2025

5,000

300

28,072

33,372

DEPRECIATION

At 1 May 2024

4,704

259

15,380

20,343

Charge for year

54

7

2,285

2,346

At 30 April 2025

4,758

266

17,665

22,689

NET BOOK VALUE

At 30 April 2025

242

34

10,407

10,683

At 30 April 2024

296

41

12,692

13,029

8.

STOCKS

30.4.25

30.4.24

£

Stocks

2,509

1,248

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade debtors

956

3,965

Other debtors

10,000

-

10,956

3,965

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade creditors

6,225

1

Tax

3,074

3,379

Other creditors

1,000

1,363

10,299

4,743

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.4.25

30.4.24

£

Hire purchase contracts

-

7,860

12.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

100

Share capital 1

£1.00

100

13.

RESERVES

Retained

earnings

£

At 1 May 2024

91,328

Profit for the year

11,695

Dividends

(13,296

)

At 30 April 2025

89,727