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REGISTERED NUMBER: 03177989 (England and Wales)














Unaudited Financial Statements

for the Period 1 August 2020 to 31 May 2021

for

THE ELECTRICAL & PLUMBING COMPANY
LIMITED

THE ELECTRICAL & PLUMBING COMPANY
LIMITED (REGISTERED NUMBER: 03177989)

Contents of the Financial Statements
for the period 1 August 2020 to 31 May 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE ELECTRICAL & PLUMBING COMPANY
LIMITED

Company Information
for the period 1 August 2020 to 31 May 2021







Directors: Mr P D East
Mrs E East
Ms L C East





Secretary: Mr P D East





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 03177989 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

THE ELECTRICAL & PLUMBING COMPANY
LIMITED (REGISTERED NUMBER: 03177989)

Statement of Financial Position
31 May 2021

2021 2020
Notes £    £    £    £   
Fixed assets
Tangible assets 4 23,527 24,664

Current assets
Stocks 10,000 10,000
Debtors 5 757,985 738,458
Cash at bank 1,432,134 885,219
2,200,119 1,633,677
Creditors
Amounts falling due within one year 6 872,118 675,113
Net current assets 1,328,001 958,564
Total assets less current liabilities 1,351,528 983,228

Creditors
Amounts falling due after more than one
year

7

(46,859

)

-

Provisions for liabilities 10 (4,515 ) (4,473 )
Net assets 1,300,154 978,755

Capital and reserves
Called up share capital 11 107 100
Retained earnings 1,300,047 978,655
Shareholders' funds 1,300,154 978,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 ELECTRICAL & PLUMBING COMPANY
LIMITED (REGISTERED NUMBER: 03177989)

Statement of Financial Position - continued
31 May 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2022 and were signed on its behalf by:





Mr P D East - Director


THE ELECTRICAL & PLUMBING COMPANY
LIMITED (REGISTERED NUMBER: 03177989)

Notes to the Financial Statements
for the period 1 August 2020 to 31 May 2021


1. Statutory information

The Electrical & Plumbing Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THE ELECTRICAL & PLUMBING COMPANY
LIMITED (REGISTERED NUMBER: 03177989)

Notes to the Financial Statements - continued
for the period 1 August 2020 to 31 May 2021


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Long term contracts
Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

3. Employees and directors

The average number of employees during the period was 6 (2020 - 6 ) .

4. Tangible fixed assets
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 August 2020 41,559 30,856 24,865 97,280
Additions 1,286 - 3,188 4,474
At 31 May 2021 42,845 30,856 28,053 101,754
Depreciation
At 1 August 2020 36,377 12,877 23,362 72,616
Charge for period 490 3,746 1,375 5,611
At 31 May 2021 36,867 16,623 24,737 78,227
Net book value
At 31 May 2021 5,978 14,233 3,316 23,527
At 31 July 2020 5,182 17,979 1,503 24,664

5. Debtors: amounts falling due within one year
2021 2020
£    £   
Trade debtors 355,404 426,600
Other debtors 402,581 311,858
757,985 738,458

THE ELECTRICAL & PLUMBING COMPANY
LIMITED (REGISTERED NUMBER: 03177989)

Notes to the Financial Statements - continued
for the period 1 August 2020 to 31 May 2021


6. Creditors: amounts falling due within one year
2021 2020
£    £   
Bank loans and overdrafts 3,141 -
Trade creditors 220,457 161,019
Taxation and social security 307,776 205,075
Other creditors 340,744 309,019
872,118 675,113

7. Creditors: amounts falling due after more than one year
2021 2020
£    £   
Bank loans 46,859 -

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 7,663 2,419
Between one and five years 20,902 -
28,565 2,419

9. Secured debts

Bank overdraft is secured by way of a fixed and floating charge that covers all the property or undertaking of the company.

10. Provisions for liabilities
2021 2020
£    £   
Deferred tax 4,515 4,473

Deferred
tax
£   
Balance at 1 August 2020 4,473
Charge to Statement of Income and Retained Earnings during period 42
Balance at 31 May 2021 4,515

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominalvalue: 2021 2020
700 A Ordinary shares 5p 35 35
700 B Ordinary shares 5p 35 35
642 C Ordinary shares 5p 32 30
98 D Ordinary shares 5p 5
107 100

THE ELECTRICAL & PLUMBING COMPANY
LIMITED (REGISTERED NUMBER: 03177989)

Notes to the Financial Statements - continued
for the period 1 August 2020 to 31 May 2021


12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the periods ended 31 May 2021 and 31 July 2020:

2021 2020
£    £   
Mr P D East and Mrs E East
Balance outstanding at start of period 70,555 117,393
Amounts repaid (13,839 ) (46,838 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 56,716 70,555

Ms L C East
Balance outstanding at start of period (17,821 ) -
Amounts repaid 3,359 (17,821 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (14,462 ) (17,821 )