REGISTERED NUMBER: 11280249 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

WTM Plumbing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W T McCabe

Mr J McCabe

REGISTERED OFFICE:

Unit S3

Didcot Enterprise Centre

Hawksworth

Didcot

Oxfordshire

OX11 7PH

REGISTERED NUMBER:

11280249 (England and Wales)

ACCOUNTANTS:

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

FIXED ASSETS

Tangible assets

4

79,022

28,746

CURRENT ASSETS

Stocks

3,348

2,790

Debtors

5

383,857

235,697

Cash at bank

115,120

57,693

502,325

296,180

CREDITORS

Amounts falling due within one year

6

338,345

237,191

NET CURRENT ASSETS

163,980

58,989

TOTAL ASSETS LESS CURRENT LIABILITIES

243,002

87,735

CREDITORS

Amounts falling due after more than one year

7

(49,652

)

(18,400

)

PROVISIONS FOR LIABILITIES

(19,463

)

(6,801

)

NET ASSETS

173,887

62,534

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

173,877

62,524

SHAREHOLDERS' FUNDS

173,887

62,534

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 27 July 2025 and were signed on its behalf by:

Mr W T McCabe - Director

Mr J McCabe - Director

1.	STATUTORY INFORMATION

WTM Plumbing 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 etc

-

25% on reducing balance and 20% 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 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

61,985

Additions

65,739

Disposals

(10,335

)

At 31 March 2025

117,389

DEPRECIATION

At 1 April 2024

33,239

Charge for year

12,329

Eliminated on disposal

(7,201

)

At 31 March 2025

38,367

NET BOOK VALUE

At 31 March 2025

79,022

At 31 March 2024

28,746

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

303,243

197,413

Other debtors

80,614

38,284

383,857

235,697

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,600

9,600

Hire purchase contracts

8,945

-

Trade creditors

252,793

117,110

Taxation and social security

60,148

31,184

Other creditors

6,859

79,297

338,345

237,191

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

8,800

18,400

Hire purchase contracts

40,852

-

49,652

18,400