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REGISTERED NUMBER: 03177989 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

THE ELECTRICAL & PLUMBING COMPANY
LIMITED

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

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE ELECTRICAL & PLUMBING COMPANY
LIMITED

Company Information
for the year ended 31 May 2024







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





Secretary: Mr P D East





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 03177989 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

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

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 32,658 48,988

Current assets
Stocks 10,000 10,000
Debtors 5 1,320,870 1,074,045
Cash at bank 297,592 750,703
1,628,462 1,834,748
Creditors
Amounts falling due within one year 6 132,903 208,492
Net current assets 1,495,559 1,626,256
Total assets less current liabilities 1,528,217 1,675,244

Creditors
Amounts falling due after more than one
year

7

(17,365

)

(26,623

)

Provisions for liabilities 10 (6,205 ) (9,308 )
Net assets 1,504,647 1,639,313

Capital and reserves
Called up share capital 11 107 107
Retained earnings 1,504,540 1,639,206
Shareholders' funds 1,504,647 1,639,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

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

Statement of Financial Position - continued
31 May 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 Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





Ms L C East - Director


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

Notes to the Financial Statements
for the year ended 31 May 2024


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.
Plant and machinery - 20% on cost
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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 statement of financial position date.


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

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. Accounting policies - continued
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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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 year was 7 (2023 - 6 ) .

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

Notes to the Financial Statements - continued
for the year ended 31 May 2024


4. Tangible fixed assets
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 June 2023
and 31 May 2024 48,654 45,290 30,856 38,088 162,888
Depreciation
At 1 June 2023 19,462 38,393 22,405 33,640 113,900
Charge for year 9,731 690 2,113 3,796 16,330
At 31 May 2024 29,193 39,083 24,518 37,436 130,230
Net book value
At 31 May 2024 19,461 6,207 6,338 652 32,658
At 31 May 2023 29,192 6,897 8,451 4,448 48,988

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 400,496 252,944
Other debtors 920,374 821,101
1,320,870 1,074,045

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,077 10,648
Trade creditors 24,738 70,547
Taxation and social security 54,257 70,693
Other creditors 43,831 56,604
132,903 208,492

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 17,365 26,623

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,179 8,359
Between one and five years - 4,179
4,179 12,538

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

Notes to the Financial Statements - continued
for the year ended 31 May 2024


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
2024 2023
£    £   
Deferred tax 6,205 9,308

Deferred
tax
£   
Balance at 1 June 2023 9,308
Provided during year (3,103 )
Balance at 31 May 2024 6,205

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominalvalue: 2022 2021
700 A Ordinary shares 5p 35 35
700 B Ordinary shares 5p 35 35
642 C Ordinary shares 5p 32 32
98 D Ordinary shares 5p 5 5
107 107

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr P D East and Mrs E East
Balance outstanding at start of year 106,363 105,809
Amounts advanced 274,134 60,776
Amounts repaid (45,550 ) (60,222 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 334,947 106,363

Ms L C East
Balance outstanding at start of year 148,531 165,926
Amounts advanced 375,630 93,031
Amounts repaid (9,738 ) (110,426 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 514,423 148,531