Company Registration No. 05908266 (England and Wales)
The Plumbing Distribution Company Ltd
Unaudited accounts
for the year ended 31 August 2025
The Plumbing Distribution Company Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
355,603
391,671
Inventories
416,681
476,409
Cash at bank and in hand
45,936
41,062
Creditors: amounts falling due within one year
(1,102,943)
(1,196,301)
Net current liabilities
(42,062)
(40,516)
Total assets less current liabilities
313,541
351,155
Creditors: amounts falling due after more than one year
(153,339)
(182,933)
Provisions for liabilities
Deferred tax
(42,367)
(51,774)
Net assets
117,835
116,448
Called up share capital
200
200
Profit and loss account
117,635
116,248
Shareholders' funds
117,835
116,448
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by
D Beaseley
Director
Company Registration No. 05908266
The Plumbing Distribution Company Ltd
Notes to the Accounts
for the year ended 31 August 2025
The Plumbing Distribution Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 05908266. The registered office is Unit F Lodge Industrial, Old Church Road, East Hanningfield, Chelmsford, Essex, CM3 8BH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
20% straight line / 10% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The Plumbing Distribution Company Ltd
Notes to the Accounts
for the year ended 31 August 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2024
31,653
437,503
86,096
20,019
575,271
Additions
-
47,400
2,092
1,355
50,847
Disposals
-
(62,000)
-
-
(62,000)
At 31 August 2025
31,653
422,903
88,188
21,374
564,118
At 1 September 2024
29,578
130,329
16,863
6,830
183,600
Charge for the year
208
55,339
7,133
1,353
64,033
On disposals
-
(39,118)
-
-
(39,118)
At 31 August 2025
29,786
146,550
23,996
8,183
208,515
At 31 August 2025
1,867
276,353
64,192
13,191
355,603
At 31 August 2024
2,075
307,174
69,233
13,189
391,671
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
247,807
272,978
Amounts falling due within one year
Trade debtors
559,157
552,305
Other debtors
39,107
86,009
The Plumbing Distribution Company Ltd
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
25,437
34,057
Obligations under finance leases and hire purchase contracts
44,209
46,443
Trade creditors
409,131
527,685
Taxes and social security
59,783
37,305
Other creditors
497,439
489,626
Loans from directors
61
102
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
153,339
157,680
Included within creditors are hire purchase balances totaling £197,548 (2024: £204,123) which are secured over the assets to which they relate.
8
Operating lease commitments
2025
2024
At 31 August 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
102,800
101,546
Later than one year and not later than five years
38,095
58,915
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Average number of employees
During the year the average number of employees was 18 (2024: 24).