Company registration number 02011185 (England and Wales)
Newline Plumbing & Heating Supplies Ltd
Unaudited Financial Statements
For the year ended 31 December 2025
Newline Plumbing & Heating Supplies Ltd
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
Newline Plumbing & Heating Supplies Ltd
Statement Of Financial Position
As at 31 December 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,084
28,875
Current assets
Stocks
77,645
80,300
Debtors
4
159,673
129,476
Cash at bank and in hand
23,141
151
260,459
209,927
Creditors: amounts falling due within one year
5
(143,219)
(89,452)
Net current assets
117,240
120,475
Total assets less current liabilities
136,324
149,350
Creditors: amounts falling due after more than one year
6
-
0
(28,316)
Net assets
136,324
121,034
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
135,324
120,034
Total equity
136,324
121,034
Newline Plumbing & Heating Supplies Ltd
Statement Of Financial Position (continued)
As at 31 December 2025
31 December 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 13 May 2026 and are signed on its behalf by:
Mr S J Kendrick
Director
Company registration number 02011185 (England and Wales)
Newline Plumbing & Heating Supplies Ltd
Statement of changes in equity
For the year ended 31 December 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
1,000
186,669
187,669
Year ended 31 December 2024:
Loss and total comprehensive income
-
(30,412)
(30,412)
Dividends
-
(36,223)
(36,223)
Balance at 31 December 2024
1,000
120,034
121,034
Year ended 31 December 2025:
Profit and total comprehensive income
-
53,552
53,552
Dividends
-
(38,262)
(38,262)
Balance at 31 December 2025
1,000
135,324
136,324
Newline Plumbing & Heating Supplies Ltd
Notes to the financial statements
For the year ended 31 December 2025
- 4 -
1
Accounting policies
Company information

Newline Plumbing & Heating Supplies Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3 Central Trading Estate, Stallings Lane, Kingswinford, West Midlands, England, DY6 7LJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principle accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on cost
Fixtures and fittings
20% on cost
Computer equipment
33% on cost
Motor vehicles
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Newline Plumbing & Heating Supplies Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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.

1.8
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Tangible fixed assets
Newline Plumbing & Heating Supplies Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
3
Tangible fixed assets
(Continued)
- 6 -
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025 and 31 December 2025
4,764
13,388
1,990
55,481
75,623
Depreciation and impairment
At 1 January 2025
4,764
13,022
1,971
26,991
46,748
Depreciation charged in the year
-
0
276
19
9,496
9,791
At 31 December 2025
4,764
13,298
1,990
36,487
56,539
Carrying amount
At 31 December 2025
-
0
90
-
0
18,994
19,084
At 31 December 2024
-
0
366
19
28,490
28,875
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
134,673
102,884
Other debtors
25,000
26,592
159,673
129,476
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,442
21,770
Trade creditors
76,177
43,349
Taxation and social security
29,603
13,477
Other creditors
32,997
10,856
143,219
89,452
Newline Plumbing & Heating Supplies Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
4,790
Other creditors
-
0
23,526
-
0
28,316
7
Secured Debts

The hire purchase creditor is secured by way of fixed charge over the related assets.

8
Related Party Disclosures

At the end of the year amounts due to the directors amounted to £5,834 (2024: £163).

At 31 December 2025 £5,000 (2024: £5,000) was due from Nestor Kendrick Properties Limited, a related company.

At 31 December 2025 £20,000 (2024: £20,000) was due from Splash Luxury Bathroom Limited, a company under common control.

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