Registration number: 07540750

Bridport Plumbing And Heating Supplies Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Bridport Plumbing And Heating Supplies Ltd

Company Information

Directors

J Harwood S J Harwood S A Harwood M J Harwood

Company secretary

J Harwood

Registered office

Unit 1B Gore Cross Business Park Bridport Dorset DT6 3UX

Accountants

Milsted Langdon LLP Chartered AccountantsMotivo House Bluebell Road Yeovil Somerset BA20 2FG

Bridport Plumbing And Heating Supplies Ltd

(Registration number: 07540750)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	27,020	28,547
Other financial assets	5	1,300	1,300
		28,320	29,847
Current assets
Stocks	6	367,742	367,543
Debtors	7	298,703	370,435
Cash at bank and in hand		40,782	43,115
		707,227	781,093
Creditors: Amounts falling due within one year	8	(536,410)	(613,495)
Net current assets		170,817	167,598
Total assets less current liabilities		199,137	197,445
Creditors: Amounts falling due after more than one year	8	-	(4,167)
Provisions for liabilities		(6,755)	(6,763)
Net assets		192,382	186,515
Capital and reserves
Called up share capital		100	100
Retained earnings		192,282	186,415
Shareholders' funds		192,382	186,515

Bridport Plumbing And Heating Supplies Ltd

(Registration number: 07540750)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 June 2026 and signed on its behalf by:
 

J Harwood Company secretary and director

Bridport Plumbing And Heating Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1B
Gore Cross Business Park
Bridport
Dorset
DT6 3UX

These financial statements were authorised for issue by the Board on 22 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Bridport Plumbing And Heating Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	15% reducing balance
Motor vehicles	15% reducing balance

Investments

Investments are included at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Bridport Plumbing And Heating Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Bridport Plumbing And Heating Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 12 (2025 - 13).

4	Tangible assets

	Fixtures, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	85,002	19,304	104,306
Additions	3,749	-	3,749
Disposals	(1,928)	-	(1,928)
At 31 March 2026	86,823	19,304	106,127
Depreciation
At 1 April 2025	66,532	9,227	75,759
Charge for the year	3,217	1,511	4,728
Eliminated on disposal	(1,380)	-	(1,380)
At 31 March 2026	68,369	10,738	79,107
Carrying amount
At 31 March 2026	18,454	8,566	27,020
At 31 March 2025	18,470	10,077	28,547

Bridport Plumbing And Heating Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	1,300	1,300
At 31 March 2026	1,300	1,300
Impairment
At 31 March 2026	-	-
Carrying amount
At 31 March 2026	1,300	1,300

6

Stocks

	2026 £	2025 £
Stock	367,742	367,543

7

Debtors

	2026 £	2025 £
Trade debtors	294,965	366,632
Other debtors	59	84
Prepayments	3,679	3,719
	298,703	370,435

Bridport Plumbing And Heating Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8

Creditors

Due within one year	Note	2026 £	2025 £
Loans and borrowings	9	110,816	185,384
Trade creditors		200,636	207,926
Amounts due to related parties	11	90,381	92,466
Social security and other taxes		35,508	32,421
Accruals		23,919	25,700
Corporation tax liability		75,150	69,598
		536,410	613,495
Due after one year
Loans and borrowings	9	-	4,167