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Registration number: 05817608

Independent Heating & Plumbing Supplies
Unaudited Filleted Financial Statements
for the Year Ended 30 December 2025

Independent Heating & Plumbing Supplies

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Independent Heating & Plumbing Supplies

Company Information

Directors | Mrs Angela Williams Mr Andrew Woodruff

Company secretary | Mrs Angela Williams

Registered office | Unit 1 Charnley Fold Industrial Estate Bamber Bridge Preston Lancashire PR5 6PS

Accountants | McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

Independent Heating & Plumbing Supplies

(Registration number: 05817608)
Statement of Financial Position as at 30 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 6,237 | 18,186
Current assets |  |  |
Stocks | 5 | 232,762 | 225,965
Debtors | 6 | 203,853 | 174,175
Investments | 7 | 1,300 | 1,300
Cash at bank and in hand |  | 458,921 | 309,983
|  | 896,836 | 711,423
Creditors: Amounts falling due within one year | 8 | (404,103) | (228,822)
Net current assets |  | 492,733 | 482,601
Total assets less current liabilities |  | 498,970 | 500,787
Provisions for liabilities |  | (1,109) | (4,547)
Net assets |  | 497,861 | 496,240
Capital and reserves |  |  |
Called up share capital |  | 40 | 40
Retained earnings |  | 497,821 | 496,200
Shareholders' funds |  | 497,861 | 496,240

For the financial year ending 30 December 2025 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 Income Statement.

Approved and authorised by the Board on 15 June 2026 and signed on its behalf by:

Independent Heating & Plumbing Supplies

(Registration number: 05817608)
Statement of Financial Position as at 30 December 2025 (continued)

......................................... Mrs Angela Williams Company secretary and director
......................................... Mr Andrew Woodruff Director

Independent Heating & Plumbing Supplies

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025

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 1 Charnley Fold Industrial Estate
Bamber Bridge
Preston
Lancashire
PR5 6PS

These financial statements were authorised for issue by the Board on 15 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.

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.

Independent Heating & Plumbing Supplies

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025 (continued)

2 | Accounting policies (continued)

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 statement of financial position 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
Plant and machinery | 25% on cost
Fixtures and fittings | 25% on cost
Motor vehicles | 25% on cost
Computer equipment | 33% on cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Independent Heating & Plumbing Supplies

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025 (continued)

2 | Accounting policies (continued)

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 inventories 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

Independent Heating & Plumbing Supplies

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025 (continued)

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 31 December 2024 | 39,386 | 24,790 | 6,168 | 47,797 | 118,141
Disposals | - | - | - | (22,848) | (22,848)
At 30 December 2025 | 39,386 | 24,790 | 6,168 | 24,949 | 95,293
Depreciation
At 31 December 2024 | 39,386 | 24,790 | 6,168 | 29,611 | 99,955
Charge for the year | - | - | - | 6,238 | 6,238
Eliminated on disposal | - | - | - | (17,137) | (17,137)
At 30 December 2025 | 39,386 | 24,790 | 6,168 | 18,712 | 89,056
Carrying amount
At 30 December 2025 | - | - | - | 6,237 | 6,237
At 30 December 2024 | - | - | - | 18,186 | 18,186

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 22,865 | 16,694
Other inventories | 209,897 | 209,271
| 232,762 | 225,965

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 176,074 | 148,811
Prepayments | 27,779 | 25,364
| 203,853 | 174,175

Independent Heating & Plumbing Supplies

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025 (continued)

7 | Current asset investments

| 2025 £ | 2024 £
Other investments | 1,300 | 1,300

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 344,335 | 157,254
Taxation and social security | 47,384 | 49,891
Accruals and deferred income | 11,308 | 8,576
Other creditors | 1,076 | 13,101
| 404,103 | 228,822

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 68,350 | 68,350
Later than one year and not later than five years | 17,087 | 85,437
| 85,437 | 153,787

The amount of non-cancellable operating lease payments recognised as an expense during the year was £85,437 (2024 - £153,787).