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REGISTERED NUMBER: 02457908 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2021

for

City Plumbing Limited

City Plumbing Limited (Registered number: 02457908)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


City Plumbing Limited (Registered number: 02457908)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,160,390 1,155,059

CURRENT ASSETS
Inventories 769,550 769,060
Debtors 5 590,409 556,160
Cash at bank and in hand 67,692 93,972
1,427,651 1,419,192
CREDITORS
Amounts falling due within one year 6 791,975 642,735
NET CURRENT ASSETS 635,676 776,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,796,066

1,931,516

CREDITORS
Amounts falling due after more than one
year

7

666,790

825,696
NET ASSETS 1,129,276 1,105,820

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,129,176 1,105,720
SHAREHOLDERS' FUNDS 1,129,276 1,105,820

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

City Plumbing Limited (Registered number: 02457908)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





Mr Nicky Parminder Singh Dhillon - Director


City Plumbing Limited (Registered number: 02457908)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

City Plumbing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02457908

Registered office: 11 Raven Road
South Woodford
London
E18 1HB

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 10 ) .

City Plumbing Limited (Registered number: 02457908)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 January 2021 965,526 295,345 344,203
Additions - 23,000 59,826
At 31 December 2021 965,526 318,345 404,029
DEPRECIATION
At 1 January 2021 308,588 40,253 199,983
Charge for year 19,311 6,367 30,607
At 31 December 2021 327,899 46,620 230,590
NET BOOK VALUE
At 31 December 2021 637,627 271,725 173,439
At 31 December 2020 656,938 255,092 144,220

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 111,605 217,023 1,933,702
Additions - 4,656 87,482
At 31 December 2021 111,605 221,679 2,021,184
DEPRECIATION
At 1 January 2021 68,965 160,854 778,643
Charge for year 10,660 15,206 82,151
At 31 December 2021 79,625 176,060 860,794
NET BOOK VALUE
At 31 December 2021 31,980 45,619 1,160,390
At 31 December 2020 42,640 56,169 1,155,059

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 590,409 556,160

City Plumbing Limited (Registered number: 02457908)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts 6,553 6,726
Trade creditors 694,362 550,544
Taxation and social security 37,087 74,602
Other creditors 53,973 10,863
791,975 642,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 639,038 791,886
Hire purchase contracts 27,752 33,810
666,790 825,696