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Company Registration No. 11789869 (England and Wales)
M&M PLUMBING EXPERT LTD Unaudited accounts for the year ended 31 January 2025
M&M PLUMBING EXPERT LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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M&M PLUMBING EXPERT LTD Company Information for the year ended 31 January 2025
Director
Leonida Ntyli
Company Number
11789869 (England and Wales)
Registered Office
871b Green Lanes London United Kingdom N21 2QS
Accountants
Agents For Accounting Ltd Apex House, 2nd Floor Grand Arcade London N12 0EH
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M&M PLUMBING EXPERT LTD Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
16,677
20,999
Current assets
Inventories
7,117
-
Debtors
5
27,919
2,563
Cash at bank and in hand
25,785
17,343
60,821
19,906
Creditors: amounts falling due within one year
6
(61,670)
(23,885)
Net current liabilities
(849)
(3,979)
Total assets less current liabilities
15,828
17,020
Creditors: amounts falling due after more than one year
7
(12,816)
(13,630)
Provisions for liabilities
Deferred tax
(2,312)
(2,945)
Net assets
700
445
Capital and reserves
Called up share capital
1
1
Profit and loss account
699
444
Shareholders' funds
700
445
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2025 and were signed on its behalf by
Leonida Ntyli Director Company Registration No. 11789869
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M&M PLUMBING EXPERT LTD Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
M&M PLUMBING EXPERT LTD is a private company, limited by shares, registered in England and Wales, registration number 11789869. The registered office is 871b Green Lanes, London, United Kingdom, N21 2QS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Straight Line Method -15%
Fixtures & fittings
Straight Line Method -25%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
30,730
2,287
33,017
At 31 January 2025
30,730
2,287
33,017
Depreciation
At 1 February 2024
9,443
2,575
12,018
Charge for the year
4,609
(287)
4,322
At 31 January 2025
14,052
2,288
16,340
Net book value
At 31 January 2025
16,678
(1)
16,677
At 31 January 2024
21,287
(288)
20,999
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M&M PLUMBING EXPERT LTD Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
828
-
Trade debtors
14,250
-
Accrued income and prepayments
6,550
-
Other debtors
6,291
2,563
27,919
2,563
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,979
21,381
VAT
1,818
113
Obligations under finance leases and hire purchase contracts
4,998
4,392
Taxes and social security
5,592
5,591
Other creditors
38,433
1,373
Loans from directors
-
(9,665)
Accruals
850
700
61,670
23,885
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
4,184
-
Obligations under finance leases and hire purchase contracts
8,632
13,630
12,816
13,630
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
9
Loans to directors
During the year, Director owed £2,678 to the company.
10
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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