MDS Plumbing and Electrics Limited 31/03/2026 iXBRL

Company registration number: 05249190

MDS Plumbing and Electrics Limited

Unaudited filleted financial statements

31 March 2026

MDS Plumbing and Electrics Limited

Contents

Statement of financial position

Notes to the financial statements

MDS Plumbing and Electrics Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	62,480		85,214
		_______		_______
			62,480		85,214

Current assets
Debtors	6	34,230		1,332
Cash at bank and in hand		12,626		13,973
		_______		_______
		46,856		15,305
Creditors: amounts falling due
within one year	7	( 151,627)		( 157,080)
		_______		_______
Net current liabilities			( 104,771)		( 141,775)
			_______		_______
Total assets less current liabilities			( 42,291)		( 56,561)


Provisions for liabilities			( 12,051)		( 16,191)

			_______		_______
Net liabilities			( 54,342)		( 72,752)
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			( 54,343)		( 72,753)
			_______		_______
Shareholder deficit			( 54,342)		( 72,752)
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 October 2026 , and are signed on behalf of the board by:

Michael Stone

Director

Company registration number: 05249190

MDS Plumbing and Electrics Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Cornhouse Buildings, Claydons Lane, Rayleigh, Essex, SS6 7UP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Computer equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
At 1 April 2025	181,327	55,795	5,078	242,200
Additions	417	-	-	417
Disposals	( 18,507)	-	( 320)	( 18,827)
	_______	_______	_______	_______
At 31 March 2026	163,237	55,795	4,758	223,790
	_______	_______	_______	_______
Depreciation
At 1 April 2025	105,495	46,412	5,078	156,985
Charge for the year	18,481	2,346	-	20,827
Disposals	( 16,182)	-	( 320)	( 16,502)
	_______	_______	_______	_______
At 31 March 2026	107,794	48,758	4,758	161,310
	_______	_______	_______	_______
Carrying amount
At 31 March 2026	55,443	7,037	-	62,480
	_______	_______	_______	_______
At 31 March 2025	75,832	9,383	-	85,215
	_______	_______	_______	_______

6. Debtors

	2026	2025
	£	£
Trade debtors	576	288
Other debtors	33,654	1,044
	_______	_______
	34,230	1,332
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	4,578	-
Other creditors	147,049	157,080
	_______	_______
	151,627	157,080
	_______	_______

8. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Michael Stone	( 156,312)	10,263	( 146,049)
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Michael Stone	( 162,831)	6,519	( 156,312)
		_______	_______	_______