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REGISTERED NUMBER: NI615608 (Northern Ireland)















ELKIN PLUMBING SUPPLIES LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 2 APRIL 2025






ELKIN PLUMBING SUPPLIES LTD (REGISTERED NUMBER: NI615608)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 2 APRIL 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ELKIN PLUMBING SUPPLIES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2024 TO 2 APRIL 2025







DIRECTORS: Mr H J Elkin
Mrs M O Elkin



SECRETARY: Mrs M O Elkin



REGISTERED OFFICE: McAleer Jackson Ltd
24 Dublin Road
Omagh
Co. Tyrone
BT78 1HE



REGISTERED NUMBER: NI615608 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: AIB
2-4 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ELKIN PLUMBING SUPPLIES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the period ended 2 April 2025 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 2 April 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


6 August 2025

ELKIN PLUMBING SUPPLIES LTD (REGISTERED NUMBER: NI615608)

BALANCE SHEET
2 APRIL 2025

2025 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451,100 153,874

CURRENT ASSETS
Stocks 10,000 154,920
Debtors 5 720,633 63,334
Cash at bank and in hand 551,560 1,088,710
1,282,193 1,306,964
CREDITORS
Amounts falling due within one year 6 61,163 136,924
NET CURRENT ASSETS 1,221,030 1,170,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,672,130

1,323,914

PROVISIONS FOR LIABILITIES (7,746 ) (595 )

ACCRUALS AND DEFERRED INCOME - (1,294 )
NET ASSETS 1,664,384 1,322,025

ELKIN PLUMBING SUPPLIES LTD (REGISTERED NUMBER: NI615608)

BALANCE SHEET - continued
2 APRIL 2025

2025 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 1,122,743 1,122,743
Revaluation reserve 7 292,970 -
Retained earnings 247,671 198,282
SHAREHOLDERS' FUNDS 1,664,384 1,322,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 2 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 2 April 2025 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 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 6 August 2025 and were signed on its behalf by:




Mr H J Elkin - Director



Mrs M O Elkin - Director


ELKIN PLUMBING SUPPLIES LTD (REGISTERED NUMBER: NI615608)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 2 APRIL 2025

1. STATUTORY INFORMATION

Elkin Plumbing Supplies Ltd is a private company, limited by shares , registered in Northern Ireland. 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 break up basis as a resolution of the company was passed on 3 April 2025 that the company be wound up voluntarily.

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
Tangible fixed assets are stated at net realisable value.

Stocks
Stocks are valued at the likely net realisable value.

Taxation
Taxation for the period 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 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.

ELKIN PLUMBING SUPPLIES LTD (REGISTERED NUMBER: NI615608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 2 APRIL 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2024 335,000 11,602 13,923 15,400 375,925
Revaluations 115,000 - - - 115,000
Impairments - - (2,575 ) - (2,575 )
At 2 April 2025 450,000 11,602 11,348 15,400 488,350
DEPRECIATION
At 1 January 2024 184,801 11,602 10,248 15,400 222,051
Revaluation adjustments (184,801 ) - - - (184,801 )
At 2 April 2025 - 11,602 10,248 15,400 37,250
NET BOOK VALUE
At 2 April 2025 450,000 - 1,100 - 451,100
At 31 December 2023 150,199 - 3,675 - 153,874

Cost or valuation at 2 April 2025 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2025 115,000 - (2,575 ) - 112,425
Cost 335,000 11,602 13,923 15,400 375,925
450,000 11,602 11,348 15,400 488,350

Property was valued on an open market basis on 3 February 2025 by Pollock Commercial LLP .

ELKIN PLUMBING SUPPLIES LTD (REGISTERED NUMBER: NI615608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 2 APRIL 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Trade debtors 10,633 63,334
Other debtors 710,000 -
720,633 63,334

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Bank loans and overdrafts 18 170
Trade creditors 1,659 83,019
Taxation and social security 53,704 19,080
Other creditors 5,782 34,655
61,163 136,924

7. RESERVES
Revaluatio
reserve
£   
Revaluation 292,970

At 2 April 2025 292,970

8. RELATED PARTY DISCLOSURES

At the start of the period £33,118 was owing to members of key management personnel. The balance owed by members of key management personnel at the 02 April 2025 is £710,000.

The loan is presented within debtors: amounts falling due within one year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr H J Elkin.