REGISTERED NUMBER: 13755348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DMW Plumbing and Heating Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

D Whittingham

Mrs V M Whittingham

Registered office:

8 David Close

Plymouth

Devon

PL7 2BQ

Registered number:

13755348 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

19,134

22,435

Current assets

Stocks

5

2,000

1,750

Debtors

6

18,303

4,170

Cash at bank and in hand

5,470

43,468

25,773

49,388

Creditors

Amounts falling due within one year

7

16,194

19,951

Net current assets

9,579

29,437

Total assets less current liabilities

28,713

51,872

Provisions for liabilities

3,635

4,263

Net assets

25,078

47,609

Capital and reserves

Called up share capital

8

100

100

Retained earnings

24,978

47,509

Shareholders' funds

25,078

47,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

D Whittingham - Director

1.	STATUTORY INFORMATION

DMW Plumbing and Heating 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer. Turnover from the rendering of services is recognised by the reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2024

1,926

29,387

31,313

Additions

1,826

-

1,826

Disposals

(666

)

-

(666

)

At 31 December 2024

3,086

29,387

32,473

Depreciation

At 1 January 2024

257

8,621

8,878

Charge for year

316

4,153

4,469

Eliminated on disposal

(8

)

-

(8

)

At 31 December 2024

565

12,774

13,339

Net book value

At 31 December 2024

2,521

16,613

19,134

At 31 December 2023

1,669

20,766

22,435

5.

STOCKS

2024

2023

£

£

Stocks

2,000

1,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

11,316

648

Directors' current accounts

6,915

3,457

Prepayments

72

65

18,303

4,170

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,834

2,200

Amounts owed to group undertakings

-

6,005

Tax

4,540

2,100

Social security and other taxes

336

300

VAT

6,035

6,946

Accrued expenses

2,449

2,400

16,194

19,951

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

D Whittingham and Mrs V M Whittingham

Balance outstanding at start of year

(3,456

)

7,694

Amounts advanced

66,015

46,944

Amounts repaid

(69,474

)

(58,094

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,915

)

(3,456

)

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £6,915 by the directors, Mr and Mrs Whittingham. This amount was cleared by way of post year end divdiend. All outstanding amounts are repayable on demand and are interest free.

11.	ULTIMATE CONTROLLING PARTY

The company is wholly owned and controlled by Mr and Mrs Whittingham.