P S Plumbing (Commercial) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08439950

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		350		1,430

			350		1,430
CURRENT ASSETS
Stocks	5	2,410		2,868
Debtors	6	28,254		30,228
Cash at bank and in hand		11,845		9,725

		42,509		42,821
Creditors: Amounts Falling Due Within One Year	7	(42,232 )		(44,009 )

NET CURRENT ASSETS (LIABILITIES)			277		(1,188 )

TOTAL ASSETS LESS CURRENT LIABILITIES			627		242

NET ASSETS			627		242

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			527		142

SHAREHOLDERS' FUNDS			627		242

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P S Plumbing (Commercial) Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

P N Seviour

Director

24 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

P S Plumbing (Commercial) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08439950 . The registered office is 130 Westbury Leigh, Westbury, Wiltshire, BA13 3SH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	5 years straight line
Motor Vehicles	4 years straight line
Computer Equipment	3 years straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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P S Plumbing (Commercial) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current an tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	10,939	19,050	29,989

As at 31 March 2025	10,939	19,050	29,989

Depreciation
As at 1 April 2024	10,336	18,223	28,559
Provided during the period	253	827	1,080

As at 31 March 2025	10,589	19,050	29,639

Net Book Value
As at 31 March 2025	350	-	350

As at 1 April 2024	603	827	1,430

5. Stocks

	2025	2024
	£	£
Stock	2,410	2,868

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,973	2,689
Other debtors	25,281	27,539

	28,254	30,228

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P S Plumbing (Commercial) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,512	10,392
Bank loans and overdrafts	3,314	3,329
Other creditors	2,082	1,673
Taxation and social security	27,324	28,615

	42,232	44,009

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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