Plumb Inn Merchants Limited - Filleted accounts

Registered number

07872949

Plumb Inn Merchants Limited

Filleted Accounts

31 July 2025

Plumb Inn Merchants Limited
Registered number:		07872949
Balance Sheet
as at 31 July 2025


Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		40,477			48,993

Current assets
Stocks		592,440			396,191
Debtors	4	451,710			310,028
Cash at bank and in hand		100,216			132,061
		1,144,366			838,280

Creditors: amounts falling due within one year	5	(1,129,086)			(774,112)

Net current assets			15,280			64,168

Total assets less current liabilities			55,757			113,161

Creditors: amounts falling due after more than one year	6		-			(7,500)



Net assets			55,757			105,661

Capital and reserves
Called up share capital			100			100
Share premium			9,980			9,980
Profit and loss account			45,677			95,581

Shareholders' funds			55,757			105,661

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



R M Andes
Director
Approved by the board on 20 July 2026

Plumb Inn Merchants Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment			20% reducing balance basis
	Fixtures & fittings			20% reducing balance basis
	Motor vehicles			20% reducing balance basis


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.



	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		5


3	Tangible fixed assets
		Office equipment		Fixtures & fittings		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	34,749		156,596		13,700		205,045
	Additions	861		743		-		1,604
	At 31 July 2025	35,610		157,339		13,700		206,649

	Depreciation
	At 1 August 2024	24,075		123,181		8,796		156,052
	Charge for the year	2,307		6,832		981		10,120
	At 31 July 2025	26,382		130,013		9,777		166,172

	Net book value
	At 31 July 2025	9,228		27,326		3,923		40,477
	At 31 July 2024	10,674		33,415		4,904		48,993


4	Debtors					2025		2024
£							£

	Trade debtors					415,428		277,512
	Other debtors					18,807		15,041
	Prepayments					17,475		17,475
						451,710		310,028


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					7,500		10,000
	Trade creditors					658,579		466,114
	Amounts owed to group companies					422,339		247,894
	Corporation tax					-		6,961
	Other taxes and social security costs					6,195		10,113
	Other creditors					3,150		1,648
	Accruals					31,323		31,382
						1,129,086		774,112


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		7,500




7	Other information

	Plumb Inn Merchants Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Bonhill Street
	London
	EC2A 4DJ