REGISTERED NUMBER: 05947412 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

BMG Plumbing Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Goddard

REGISTERED OFFICE:

2 St George Road

Locks Heath

Southampton

Hampshire

SO31 6PZ

REGISTERED NUMBER:

05947412 (England and Wales)

ACCOUNTANTS:

P D Accountancy Services Ltd

77 Whites Road

Bitterne

Southampton

Hampshire

SO19 7NR

FIXED ASSETS

Tangible assets

4

2,617

3,488

CURRENT ASSETS

Stocks

5

462

427

Debtors

6

2,138

2,003

Cash at bank

24,172

21,529

26,772

23,959

CREDITORS

Amounts falling due within one year

7

12,398

9,167

NET CURRENT ASSETS

14,374

14,792

TOTAL ASSETS LESS CURRENT LIABILITIES

16,991

18,280

PROVISIONS FOR LIABILITIES

382

523

NET ASSETS

16,609

17,757

CAPITAL AND RESERVES

Called up share capital

65

65

Capital redemption reserve

35

35

Retained earnings

16,509

17,657

SHAREHOLDERS' FUNDS

16,609

17,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

B Goddard - Director

1.	STATUTORY INFORMATION

BMG Plumbing Services 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

7,824

20,550

1,629

30,003

DEPRECIATION

At 1 April 2024

6,516

18,933

1,066

26,515

Charge for year

327

404

140

871

At 31 March 2025

6,843

19,337

1,206

27,386

NET BOOK VALUE

At 31 March 2025

981

1,213

423

2,617

At 31 March 2024

1,308

1,617

563

3,488

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

462

427

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,277

1,267

Prepayments

861

736

2,138

2,003

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2,150

585

Tax

4,464

5,099

Social security and other taxes

512

502

VAT

2,771

1,033

Other creditors

1,645

1,207

Directors' current accounts

484

369

Accrued expenses

372

372

12,398

9,167

.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2024 - £21,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The Company is under the control of Mr B Goddard, by virtue of his 100% shareholding in the issued share capital of the company.