PTW Plumbing Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07816512 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

PTW Plumbing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I P Flynn

REGISTERED OFFICE:

74 Glanmor Road

Uplands

Swansea

West Glamorgan

SA2 0QB

REGISTERED NUMBER:

07816512 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Tangible assets

4

17,578

24,364

CURRENT ASSETS

Stocks

3,950

3,400

Debtors

5

2,066

1,229

Cash at bank

1,367

4,188

7,383

8,817

CREDITORS

Amounts falling due within one year

6

5,130

9,136

NET CURRENT ASSETS/(LIABILITIES)

2,253

(319

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,831

24,045

CREDITORS

Amounts falling due after more than
one year

7

(12,000

)

(16,000

)

PROVISIONS FOR LIABILITIES

9

(3,340

)

(2,410

)

NET ASSETS

4,491

5,635

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

4,489

5,633

SHAREHOLDERS' FUNDS

4,491

5,635

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2026 and were signed by:

I P Flynn - Director

1.	STATUTORY INFORMATION

PTW Plumbing Ltd 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 consists of the invoiced value for goods and services supplied to third parties.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value. Work in progress is calculated at the value of work completed at the year end but not yet invoiced.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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

Going concern

Based on the results shown in these financial statements together with his knowledge of the business, the director is confident that the going concern principle may be applied.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 November 2024

2,575

37,290

714

40,579

Disposals

-

(14,000

)

-

(14,000

)

At 31 October 2025

2,575

23,290

714

26,579

DEPRECIATION

At 1 November 2024

2,494

13,072

649

16,215

Charge for year

20

5,822

16

5,858

Eliminated on disposal

-

(13,072

)

-

(13,072

)

At 31 October 2025

2,514

5,822

665

9,001

NET BOOK VALUE

At 31 October 2025

61

17,468

49

17,578

At 31 October 2024

81

24,218

65

24,364

The net book value of tangible fixed assets held under hire purchase at 31 October 2025 was £17,468 (2024 : £23,290). The depreciation provided on these assets in the year was £5,822 (2024 : £nil).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

1,750

780

Prepayments

316

449

2,066

1,229

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Hire purchase contracts

4,000

Trade creditors

1,790

646

Corporation tax

211

-

Social security and other taxes

(3,249

)

(21,891

)

Other creditors

1,440

Directors' current accounts

938

24,941

5,130

9,136

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.10.25

31.10.24

£

Hire purchase contracts

12,000

16,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Hire purchase contracts

16,000

20,000

9.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

Deferred tax

3,340

2,410

Deferred

tax

£

Balance at 1 November 2024

2,410

Charge to Income Statement during year

930

Balance at 31 October 2025

3,340

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 (2024 - £6,000) were paid to the director .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is I P Flynn.