IRIS Accounts Production v24.3.2.46 08046166 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080461662023-04-30080461662024-04-30080461662023-05-012024-04-30080461662022-04-30080461662022-05-012023-04-30080461662023-04-3008046166ns15:EnglandWales2023-05-012024-04-3008046166ns14:PoundSterling2023-05-012024-04-3008046166ns10:Director12023-05-012024-04-3008046166ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008046166ns10:SmallEntities2023-05-012024-04-3008046166ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008046166ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008046166ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008046166ns10:FullAccounts2023-05-012024-04-3008046166ns10:OrdinaryShareClass12023-05-012024-04-3008046166ns10:Director22023-05-012024-04-3008046166ns10:RegisteredOffice2023-05-012024-04-3008046166ns5:CurrentFinancialInstruments2024-04-3008046166ns5:CurrentFinancialInstruments2023-04-3008046166ns5:ShareCapital2024-04-3008046166ns5:ShareCapital2023-04-3008046166ns5:RetainedEarningsAccumulatedLosses2024-04-3008046166ns5:RetainedEarningsAccumulatedLosses2023-04-3008046166ns5:PlantMachinery2023-05-012024-04-3008046166ns5:MotorVehicles2023-05-012024-04-3008046166ns5:ComputerEquipment2023-05-012024-04-3008046166ns5:PlantMachinery2023-04-3008046166ns5:MotorVehicles2023-04-3008046166ns5:ComputerEquipment2023-04-3008046166ns5:PlantMachinery2024-04-3008046166ns5:MotorVehicles2024-04-3008046166ns5:ComputerEquipment2024-04-3008046166ns5:PlantMachinery2023-04-3008046166ns5:MotorVehicles2023-04-3008046166ns5:ComputerEquipment2023-04-3008046166ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3008046166ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3008046166ns5:AcceleratedTaxDepreciationDeferredTax2024-04-3008046166ns5:AcceleratedTaxDepreciationDeferredTax2023-04-3008046166ns5:DeferredTaxation2023-04-3008046166ns5:DeferredTaxation2023-05-012024-04-3008046166ns5:DeferredTaxation2024-04-3008046166ns10:OrdinaryShareClass12024-04-3008046166ns5:RetainedEarningsAccumulatedLosses2023-04-3008046166ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30080461661ns10:Director12023-04-30080461661ns10:Director12022-04-30080461661ns10:Director12023-05-012024-04-30080461661ns10:Director12022-05-012023-04-30080461661ns10:Director12024-04-30080461661ns10:Director12023-04-300804616612023-05-012024-04-30
REGISTERED NUMBER: 08046166 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Excel Plumbing & Heating Installers Ltd

Excel Plumbing & Heating Installers Ltd (Registered number: 08046166)






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 & Heating Installers Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr C Arnaoutis
Mr S Arnaoutis





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





REGISTERED NUMBER: 08046166 (England and Wales)





ACCOUNTANTS: CAS MCGEE LTD
Chartered Certified Accountants
130A Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF

Excel Plumbing & Heating Installers Ltd (Registered number: 08046166)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,327 9,769

CURRENT ASSETS
Stocks 5 295 375
Debtors 6 9,120 9,732
Cash at bank and in hand 28,845 26,141
38,260 36,248
CREDITORS
Amounts falling due within one year 7 27,548 10,516
NET CURRENT ASSETS 10,712 25,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,039

35,501

PROVISIONS FOR LIABILITIES 8 1,392 1,856
NET ASSETS 16,647 33,645

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 16,547 33,545
SHAREHOLDERS' FUNDS 16,647 33,645

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 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.

Excel Plumbing & Heating Installers Ltd (Registered number: 08046166)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





Mr C Arnaoutis - Director


Excel Plumbing & Heating Installers Ltd (Registered number: 08046166)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Excel Plumbing & Heating Installers 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 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Income Statement, 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.

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.

Excel Plumbing & Heating Installers Ltd (Registered number: 08046166)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at a 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 costs determined using the effective interest method, less any impairments losses for bad and doubtful debts.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 2,250 19,020 1,079 22,349
DEPRECIATION
At 1 May 2023 2,081 9,659 840 12,580
Charge for year 42 2,340 60 2,442
At 30 April 2024 2,123 11,999 900 15,022
NET BOOK VALUE
At 30 April 2024 127 7,021 179 7,327
At 30 April 2023 169 9,361 239 9,769

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 295 375

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 8,012 625
Tax 1,108 9,107
9,120 9,732

Excel Plumbing & Heating Installers Ltd (Registered number: 08046166)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 22,780 3,963
Social security and other taxes 322 378
Directors' current accounts 2,946 3,790
Accrued expenses 1,500 2,385
27,548 10,516

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 1,392 1,856

Deferred
tax
£   
Balance at 1 May 2023 1,856
Provided during year (464 )
Balance at 30 April 2024 1,392

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1.00 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 33,545
Deficit for the year (16,998 )
At 30 April 2024 16,547

Excel Plumbing & Heating Installers Ltd (Registered number: 08046166)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr C Arnaoutis
Balance outstanding at start of year (3,790 ) (3,235 )
Amounts advanced - (555 )
Amounts repaid 844 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,946 ) (3,790 )

The amount owed to the director's was lent to the company interest free and without any other repayment terms attached to it. This amount it is not repayable back in the next 12 months.

12. EVENTS AFTER THE REPORTING PERIOD

There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Excel Plumbing and Heating Installers Ltd nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

The ongoing Israel-Gaza and Middle East conflicts have resulted in having no major impact to cause any significant operational risks and that the company continues to assess the nature and extent of risks and uncertainties arising from these events.

13. GOING CONCERN CONSIDERATION

The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:
- Breach of trade contracts
- Revenue
- Cost of sales
- Expenditure
- Inventories fair value measurements
- Debt repayment

Excel Plumbing & Heating Installers Ltd (Registered number: 08046166)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

14. IMPAIRMENT OF FIXED ASSETS

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset. the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing. Value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

15. CLIMATE CHANGES AND ENVIRONMENTAL RISKS AND RESPONSIBILITIES

Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

Despite the fact that our organisation offers heating installation related services, we are always considering the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities, and managing changes in customer preferences.

This includes management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.

We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components.