SML Plumbing and Heating (Havant) LTD - Limited company accounts 25.1

REGISTERED NUMBER: 06879201 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2026

for

SML Plumbing and Heating (Havant) LTD

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mr S Landers

REGISTERED OFFICE:

26 knowsley Crescent,

Cosham

Portsmouth

Hampshire

PO6 2PJ

REGISTERED NUMBER:

06879201 (England and Wales)

ACCOUNTANTS:

Priors Consultancy (Southern) Limited

12 Priors Close

Southbourne

Emsworth

Hampshire

PO10 8LJ

The director presents his report with the financial statements of the company for the year ended 30 April 2026.

DIRECTOR

Mr S Landers held office during the whole of the period from 1 May 2025 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr S Landers - Director

14 July 2026

TURNOVER

86,272

85,482

Cost of sales

42,006

43,882

GROSS PROFIT

44,266

41,600

Administrative expenses

26,169

25,870

OPERATING PROFIT

4

18,097

15,730

Interest receivable and similar
income

-

22

18,097

15,752

Interest payable and similar
expenses

5

-

983

PROFIT BEFORE TAXATION

18,097

14,769

Tax on profit

3,273

3,074

PROFIT FOR THE FINANCIAL YEAR

14,824

11,695

FIXED ASSETS

Intangible assets

6

-

Tangible assets

7

25,308

10,683

25,308

10,683

CURRENT ASSETS

Stocks

8

2,851

2,509

Debtors

9

5,515

10,956

Cash at bank

113,616

75,978

121,982

89,443

CREDITORS

Amounts falling due within one year

10

43,139

10,299

NET CURRENT ASSETS

78,843

79,144

TOTAL ASSETS LESS CURRENT
LIABILITIES

104,151

89,827

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

12

104,051

89,727

SHAREHOLDERS' FUNDS

104,151

89,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 14 July 2026 and were signed by:

Mr S Landers - Director

1.	STATUTORY INFORMATION

SML Plumbing and Heating (Havant) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.26

30.4.25

£

Depreciation - owned assets

5,555

2,346

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.4.26

30.4.25

£

Bank loan interest

-

983

6.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

10,000

AMORTISATION

At 1 May 2025

and 30 April 2026

10,000

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

7.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 May 2025

5,000

300

28,072

33,372

Additions

-

30,587

Disposals

-

(28,072

)

(28,072

)

At 30 April 2026

5,000

300

30,587

35,887

DEPRECIATION

At 1 May 2025

4,758

266

17,665

22,689

Charge for year

43

6

5,506

5,555

Eliminated on disposal

-

(17,665

)

(17,665

)

At 30 April 2026

4,801

272

5,506

10,579

NET BOOK VALUE

At 30 April 2026

199

28

25,081

25,308

At 30 April 2025

242

34

10,407

10,683

8.

STOCKS

30.4.26

30.4.25

£

Stocks

2,851

2,509

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade debtors

5,515

956

Other debtors

-

10,000

5,515

10,956

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade creditors

14,296

6,225

Tax

3,273

3,074

Other creditors

-

1,000

Directors' current accounts

25,570

-

43,139

10,299

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

100

Share capital 1

£1.00

100

12.

RESERVES

Retained

earnings

£

At 1 May 2025

89,727

Profit for the year

14,824

Dividends

(500

)

At 30 April 2026

104,051