Carryduff Plumbing Supplies Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI672948

		31 March 2025		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		129,034		129,901

			129,034		129,901
CURRENT ASSETS
Stocks	5	50,000		50,000
Debtors	6	212,757		124,559
Cash at bank and in hand		42,211		36,808

		304,968		211,367
Creditors: Amounts Falling Due Within One Year	7	(325,855 )		(208,630 )

NET CURRENT ASSETS (LIABILITIES)			(20,887 )		2,737

TOTAL ASSETS LESS CURRENT LIABILITIES			108,147		132,638

Creditors: Amounts Falling Due After More Than One Year	8		(49,960 )		(74,689 )

NET ASSETS			58,187		57,949

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			58,185		57,947

SHAREHOLDERS' FUNDS			58,187		57,949

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Carryduff Plumbing Supplies Limited

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew McKibbin Director	Mrs Emma McKibbin Director
24/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Carryduff Plumbing Supplies Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI672948 . The registered office is 38b Carr Road, Lisburn, Co Antrim, BT27 6YG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% Straight line
Motor Vehicles	20% Straight line
Fixtures & Fittings	25% Straight line
Computer Equipment	25% Straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the 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.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 8 (2023: 6)

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Carryduff Plumbing Supplies Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2023	30,299	136,390	31,150	2,881	200,720
Additions	32,388	37,990	6,262	-	76,640
Disposals	(23,449 )	-	-	-	(23,449 )

As at 31 March 2025	39,238	174,380	37,412	2,881	253,911

Depreciation
As at 1 October 2023	8,405	38,828	21,567	2,019	70,819
Provided during the period	5,886	43,450	10,966	791	61,093
Disposals	(7,035 )	-	-	-	(7,035 )

As at 31 March 2025	7,256	82,278	32,533	2,810	124,877

Net Book Value
As at 31 March 2025	31,982	92,102	4,879	71	129,034

As at 1 October 2023	21,894	97,562	9,583	862	129,901

5. Stocks

	31 March 2025	30 September 2023
	£	£
Stock	43,000	43,000
Work in progress	7,000	7,000

	50,000	50,000

6. Debtors

	31 March 2025	30 September 2023
	£	£
Due within one year
Trade debtors	57,192	67,559
Amounts owed by related parties	155,565	57,000

	212,757	124,559

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 September 2023
	£	£
Net obligations under finance lease and hire purchase contracts	31,637	23,672
Trade creditors	56,030	59,888
Other loans	6,600	-
Other creditors	222,818	107,417
Taxation and social security	8,770	17,653

	325,855	208,630

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Carryduff Plumbing Supplies Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	30 September 2023
	£	£
Net obligations under finance lease and hire purchase contracts	44,760	52,989
Other loans	5,200	21,700

	49,960	74,689

9. Share Capital

	31 March 2025	30 September 2023
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

No individual shareholder acting on their own behalf can exercise control over the affairs of the company.

The key management personnel are the directors.

Orion Distribution Limited is deemed a related party due to common control.

As at the balance sheet date Orion Distribution Limited owed the company £155,565 (Year ended 30 Spetember 2023 - £57,000).

During the year the company charged Orion Distribution Limited management fees totalling £52,467 (Year ended 30 Spetember 2023 - £Nil).

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