Modern Plumbing Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04778068 (England and Wales)

Modern Plumbing Solutions Limited

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

H L O'Donoghue

M J O'Donoghue

Secretary:

H L O'Donoghue

Registered office:

60 Far Hey Close

Radcliffe

Manchester

Greater Manchester

M26 3GL

Registered number:

04778068 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Tangible assets

4

111,490

104,906

Current assets

Debtors

5

1,506,492

950,617

Cash at bank

915,251

769,445

2,421,743

1,720,062

Creditors

Amounts falling due within one year

6

1,136,403

598,858

Net current assets

1,285,340

1,121,204

Total assets less current liabilities

1,396,830

1,226,110

Provisions for liabilities

8

23,269

21,624

Net assets

1,373,561

1,204,486

Capital and reserves

Called up share capital

9

100

Retained earnings

1,373,461

1,204,386

Shareholders' funds

1,373,561

1,204,486

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2026 and were signed on its behalf by:

M J O'Donoghue - Director

1.	Statutory information

Modern Plumbing Solutions 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 the total invoice value, excluding Value Added Tax. of plumbing contracting services provided by the company during the year.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 10 (2024 - 10 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

Cost

At 1 September 2024

21,460

210,437

231,897

Additions

-

28,295

At 31 August 2025

21,460

238,732

260,192

Depreciation

At 1 September 2024

18,839

108,152

126,991

Charge for year

743

20,968

21,711

At 31 August 2025

19,582

129,120

148,702

Net book value

At 31 August 2025

1,878

109,612

111,490

At 31 August 2024

2,621

102,285

104,906

5.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

1,130,528

671,735

Other debtors

375,964

278,882

1,506,492

950,617

6.

Creditors: amounts falling due within one year

2025

2024

£

Trade creditors

928,825

426,205

Taxation and social security

141,814

143,443

Other creditors

65,764

29,210

1,136,403

598,858

7.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

28,191

9,519

Between one and five years

75,411

16,032

103,602

25,551

8.	Provisions for liabilities

2025

2024

£

Deferred tax

23,269

21,624

Deferred

tax

£

Balance at 1 September 2024

21,624

Charge to Statement of Income and Retained Earnings during year

1,645

Balance at 31 August 2025

23,269

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

1

100

10.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

M J O'Donoghue

Balance outstanding at start of year

113,116

53,759

Amounts advanced

194,937

190,060

Amounts repaid

(263,357

)

(130,703

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

44,696

113,116