REGISTERED NUMBER: 05318234 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Watermark Plumbing Supplies

(Yorkshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

6

DIRECTORS:

M J Dodson

J A Helliwell

SECRETARY:

J A Helliwell

REGISTERED OFFICE:

Unit G2

The Pyramid Estate

Showfield Lane

Malton

North Yorkshire

YO17 6BT

REGISTERED NUMBER:

05318234 (England and Wales)

ACCOUNTANTS:

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

FIXED ASSETS

Tangible assets

4

37,809

63,227

CURRENT ASSETS

Stocks

694,295

794,883

Debtors

5

1,555,409

1,532,872

Cash at bank and in hand

213,366

199,549

2,463,070

2,527,304

CREDITORS

Amounts falling due within one year

6

1,533,436

1,534,605

NET CURRENT ASSETS

929,634

992,699

TOTAL ASSETS LESS CURRENT LIABILITIES

967,443

1,055,926

PROVISIONS FOR LIABILITIES

6,949

12,947

NET ASSETS

960,494

1,042,979

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

945,494

1,027,979

SHAREHOLDERS' FUNDS

960,494

1,042,979

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 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 1 October 2025 and were signed on its behalf by:

M J Dodson - Director

1.	STATUTORY INFORMATION

Watermark Plumbing Supplies (Yorkshire) 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 represents income receivable in respect of sales of plumbing and bathroom supplies.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

10% on cost and 33.3% on cost

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.

Investments

Investments are valued at cost less any permanent diminution in value.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

40,962

271,212

90,774

190,561

593,509

Additions

-

-

-

5,452

5,452

Disposals

(3,110

)

(1,155

)

-

-

(4,265

)

At 31 March 2025

37,852

270,057

90,774

196,013

594,696

DEPRECIATION

At 1 April 2024

34,964

242,704

80,522

172,092

530,282

Charge for year

468

7,961

8,485

10,740

27,654

Eliminated on disposal

(933

)

(116

)

-

-

(1,049

)

At 31 March 2025

34,499

250,549

89,007

182,832

556,887

NET BOOK VALUE

At 31 March 2025

3,353

19,508

1,767

13,181

37,809

At 31 March 2024

5,998

28,508

10,252

18,469

63,227

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

874,020

878,865

Other debtors

681,389

654,007

1,555,409

1,532,872

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

880,237

788,122

Taxation and social security

188,034

164,780

Other creditors

465,165

581,703

1,533,436

1,534,605

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Factors advances

346,141

442,843

There is a fixed and floating charge over all the assets of the company.

8.	FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £860,102 (2024 - £565,118).

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £241,525 (2024 - £226,594) by M Dodson a director and £212,840 (2024 - £198,457) by J A Helliwell a director. The company has charged interest of £12,725 (2024 - £12,208) on these loans.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Watermark Plumbing Supplies (Yorkshire) Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Watermark Plumbing Supplies (Yorkshire) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Watermark Plumbing Supplies (Yorkshire) Limited and state those matters that we have agreed to state to the Board of Directors of Watermark Plumbing Supplies (Yorkshire) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Watermark Plumbing Supplies (Yorkshire) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Watermark Plumbing Supplies (Yorkshire) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Watermark Plumbing Supplies (Yorkshire) Limited. You consider that Watermark Plumbing Supplies (Yorkshire) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Watermark Plumbing Supplies (Yorkshire) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

1 October 2025