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REGISTERED NUMBER: 08045245 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

EXCEL PLUMBING AND HEATING SUPPLIES LTD

EXCEL PLUMBING AND HEATING SUPPLIES LTD (REGISTERED NUMBER: 08045245)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXCEL PLUMBING AND HEATING SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr C Arnaoutis





REGISTERED OFFICE: 1 Vincent Parade
Hanley Rd
London
N4 3DS





REGISTERED NUMBER: 08045245 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

EXCEL PLUMBING AND HEATING SUPPLIES LTD (REGISTERED NUMBER: 08045245)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,614 3,914

CURRENT ASSETS
Stocks 5 222,127 164,999
Debtors 6 105,137 96,928
Cash at bank and in hand 64,107 66,057
391,371 327,984
CREDITORS
Amounts falling due within one year 7 249,545 224,187
NET CURRENT ASSETS 141,826 103,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,440

107,711

CREDITORS
Amounts falling due after more than one
year

8

(32,623

)

(45,660

)

PROVISIONS FOR LIABILITIES 10 (1,154 ) (744 )
NET ASSETS 112,663 61,307

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 112,563 61,207
112,663 61,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EXCEL PLUMBING AND HEATING SUPPLIES LTD (REGISTERED NUMBER: 08045245)

BALANCE SHEET - continued
30 APRIL 2024


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 director and authorised for issue on 30 January 2025 and were signed by:





Mr C Arnaoutis - Director


EXCEL PLUMBING AND HEATING SUPPLIES LTD (REGISTERED NUMBER: 08045245)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Excel Plumbing and Heating Supplies Ltd 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.

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 amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

EXCEL PLUMBING AND HEATING SUPPLIES LTD (REGISTERED NUMBER: 08045245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 10,278 6,277 1,342 17,897
Additions 2,239 - - 2,239
At 30 April 2024 12,517 6,277 1,342 20,136
DEPRECIATION
At 1 May 2023 6,918 5,806 1,259 13,983
Charge for year 1,400 118 21 1,539
At 30 April 2024 8,318 5,924 1,280 15,522
NET BOOK VALUE
At 30 April 2024 4,199 353 62 4,614
At 30 April 2023 3,360 471 83 3,914

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 222,127 164,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 80,204 64,920
Rent deposits 12,500 12,500
Prepayments and accrued income 12,433 19,508
105,137 96,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) 7,082 -
Trade creditors 132,397 122,536
Tax 15,938 6,074
Social security and other taxes 2,417 2,168
VAT 33,328 18,076
Directors' current accounts 58,383 75,333
249,545 224,187

EXCEL PLUMBING AND HEATING SUPPLIES LTD (REGISTERED NUMBER: 08045245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 32,623 45,660

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 45,660

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,082 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 32,623 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 45,660

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 1,154 744

Deferred
tax
£   
Balance at 1 May 2023 744
Provided during year 410
Balance at 30 April 2024 1,154

EXCEL PLUMBING AND HEATING SUPPLIES LTD (REGISTERED NUMBER: 08045245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. RESERVES
Retained
earnings
£   

At 1 May 2023 61,207
Profit for the year 51,356
At 30 April 2024 112,563