REGISTERED NUMBER: 00917733 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Verwin Plumbing And Heating Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J F Baldwin

G J Baldwin

S D Oliver

E Oliver

SECRETARY:

J F Baldwin

REGISTERED OFFICE:

223 London Road

Reading

Berkshire

RG1 3NY

REGISTERED NUMBER:

00917733 (England and Wales)

ACCOUNTANTS:

Friends.Tax LLP

Pippins

Cherry Drive

Forty Green

Beaconsfield

Buckinghamshire

HP9 1XP

FIXED ASSETS

Tangible assets

4

81,768

93,211

CURRENT ASSETS

Stocks

20,889

16,475

Debtors

5

1,080,430

1,020,898

Cash at bank

654,410

356,848

1,755,729

1,394,221

CREDITORS

Amounts falling due within one year

6

1,248,871

939,810

NET CURRENT ASSETS

506,858

454,411

TOTAL ASSETS LESS CURRENT LIABILITIES

588,626

547,622

CREDITORS

Amounts falling due after more than one year

7

(42,848

)

(48,958

)

PROVISIONS FOR LIABILITIES

(120,000

)

(70,000

)

NET ASSETS

425,778

428,664

CAPITAL AND RESERVES

Called up share capital

140

140

Retained earnings

425,638

428,524

425,778

428,664

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

G J Baldwin - Director

1.	STATUTORY INFORMATION

Verwin Plumbing And Heating Limited 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 etc

-

20% on cost and 15% 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.

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 21 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

194,294

Additions

42,833

Disposals

(18,408

)

At 31 January 2025

218,719

DEPRECIATION

At 1 February 2024

101,083

Charge for year

40,777

Eliminated on disposal

(4,909

)

At 31 January 2025

136,951

NET BOOK VALUE

At 31 January 2025

81,768

At 31 January 2024

93,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,002,086

933,629

Other debtors

78,344

87,269

1,080,430

1,020,898

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

14,672

62,500

Trade creditors

800,695

486,929

Taxation and social security

53,639

48,448

Other creditors

379,865

341,933

1,248,871

939,810

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

-

14,672

Other creditors

42,848

34,286

42,848

48,958

8.	RELATED PARTY DISCLOSURES

J F Baldwin - Personal expenditure of the director £8,182 (2024 - £10,149) was paid by the Company.

During the year £12,237 (2023 - £15,056) was repaid by the director. At 31 January 2024 the Company

owed £6,061 to the director (2024 £2,007) and this is included in

creditors.

G J Baldwin - Personal expenditure of the director £16,386 (2023 - £14,766) was paid by the Company.

During the year £38,500 (2024 - £17,750) was repaid by the director. At 31 January 2024 the director was owed £15,276 (2024 - negative £6,838) and this is included in creditors.

S D Oliver - Personal expenditure of the director £25,355 (2024 - £28,064) was paid by the Company.

During the year £36,500 (2024 - £24,750) was repaid by the director. At 31 January 2024 the director owed

£7,730.54 to the Company (2024 - £18,072) and this is included in debtors.

E Oliver - Personal expenditure of the director £8,282 (2024 - £10,114) was paid by the Company. During

the year £12,238 (2024 - £14,533) was repaid by the director. At 31 January 2024 the Company owed

£4,239 to the director (2024- £283) and this is included in creditors.

During the year dividends of £77,641 (2023 - £74,740) were paid to the directors.

Transactions with directors are unsecured, interest free and repayable on demand.

At the year end, Verwin Plumbing and Heating Limited was owed £20,750 (2024 - £20,750) by R C

Brickwork Limited, a company in which G J Baldwin and S D Oliver are also directors. This loan is

unsecured, interest free and has no fixed repayment date.