Registration number: 11190212

Exmouth Plumbing Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Exmouth Plumbing Limited

Company Information

Directors

Mr S Stannard Mr D Biggs

Registered office

12 Elm Lane Exmouth Devon EX8 2RR

Accountants

Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Exmouth Plumbing Limited

(Registration number: 11190212)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	27,026	40,603
Current assets
Debtors	5	28,645	18,788
Cash at bank and in hand		15,367	54,525
		44,012	73,313
Creditors: Amounts falling due within one year	6	(42,417)	(62,227)
Net current assets		1,595	11,086
Total assets less current liabilities		28,621	51,689
Creditors: Amounts falling due after more than one year	6	(10,617)	(20,417)
Provisions for liabilities		(5,135)	(7,715)
Net assets		12,869	23,557
Capital and reserves
Called up share capital		2	2
Retained earnings		12,867	23,555
Shareholders' funds		12,869	23,557

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Exmouth Plumbing Limited

(Registration number: 11190212)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 November 2025 and signed on its behalf by:
 

......................................... Mr S Stannard Director

Exmouth Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Elm Lane
Exmouth
Devon
EX8 2RR

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Exmouth Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis
Motor vehicles	20% straight line basis
Plant and machinery	25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Exmouth Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

Exmouth Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant & machinery £	Total £
Cost or valuation
At 1 April 2024	1,529	67,151	3,692	72,372
Additions	500	-	600	1,100
Disposals	(1,122)	(2,700)	-	(3,822)
At 31 March 2025	907	64,451	4,292	69,650
Depreciation
At 1 April 2024	1,217	26,860	3,692	31,769
Charge for the year	143	12,890	25	13,058
Eliminated on disposal	(1,123)	(1,080)	-	(2,203)
At 31 March 2025	237	38,670	3,717	42,624
Carrying amount
At 31 March 2025	670	25,781	575	27,026
At 31 March 2024	312	40,291	-	40,603

5

Debtors

	2025 £	2024 £
Trade debtors	15,192	4,561
Other debtors	13,336	14,025
Prepayments and accrued income	117	202
Total current trade and other debtors	28,645	18,788

Exmouth Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	9,800	9,800
Trade creditors		20,810	26,964
Taxation and social security		9,814	17,241
Other creditors		-	6,229
Accrued expenses		1,993	1,993
		42,417	62,227

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	10,617	20,417

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,800	9,800

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,617	20,417

Exmouth Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr S Stannard
Interest free loan repayable on demand	-	24,254	(21,397)	2,857
Mr D Biggs
Interest free loan repayable on demand	-	5,556	(5,505)	52

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Mr S Stannard
Interest free loan repayable on demand	3,483	25,240	(28,723)	-
Mr D Biggs
Interest free loan repayable on demand	3,483	7,605	(11,088)	-