N WATSON PLUMBING SERVICES LIMITED

Registered number

05466185

Filleted Accounts

31 May 2026

N WATSON PLUMBING SERVICES LIMITED
Registered number:		05466185
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		4,626			5,959

Current assets
Stocks		920			1,170
Debtors	4	260			-
Cash at bank and in hand		2,890			4,283
		4,070			5,453

Creditors: amounts falling due within one year	5	(7,853)			(6,406)

Net current liabilities			(3,783)			(953)

Net assets			843			5,006

Capital and reserves
Called up share capital			1			1
Profit and loss account			842			5,005

Shareholder's funds			843			5,006

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




N Watson
Director
Approved by the board on 7 July 2026

N WATSON PLUMBING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 May 2026


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:

	Tools and equipment	15% per annum of net book value
	Motor vehicles	25% per annum of net book value


	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.

	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.



2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Tools and Equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2025	6,296		18,516		24,812
	At 31 May 2026	6,296		18,516		24,812

	Depreciation
	At 1 June 2025	4,731		14,122		18,853
	Charge for the year	235		1,098		1,333
	At 31 May 2026	4,966		15,220		20,186

	Net book value
	At 31 May 2026	1,330		3,296		4,626
	At 31 May 2025	1,565		4,394		5,959


4	Debtors			2026		2025
£					£

	Trade debtors			260		-


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			563		542
	Accruals and deferred income			2,396		2,160
	Taxation and social security costs			4,162		3,300
	Directors loans			732		404
				7,853		6,406


6	Events after the reporting date

	There were no material post balance sheet events up to the 7th July 2026, being the date of approval of the financial statements by the board of directors.


7	Other information

	N WATSON PLUMBING SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	38 Northwood Lane
	Clayton
	Newcastle Under Lyme
	Staffs
	ST5 4BN