REGISTERED NUMBER: 02457908 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

City Plumbing Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

1,193,940

1,160,534

CURRENT ASSETS

Inventories

893,780

843,340

Debtors

5

328,624

393,764

Cash at bank and in hand

325,225

226,460

1,547,629

1,463,564

CREDITORS

Amounts falling due within one year

6

1,039,838

1,029,800

NET CURRENT ASSETS

507,791

433,764

TOTAL ASSETS LESS CURRENT LIABILITIES

1,701,731

1,594,298

CREDITORS

Amounts falling due after more than one year

7

510,458

399,140

NET ASSETS

1,191,273

1,195,158

CAPITAL AND RESERVES

Called up share capital

150

100

Retained earnings

1,191,123

1,195,058

SHAREHOLDERS' FUNDS

1,191,273

1,195,158

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 26 September 2025 and were signed on its behalf by:

Mr Nicky Parminder Singh Dhillon - Director

1.	STATUTORY INFORMATION

City Plumbing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02457908

Registered office:

11 Raven Road

South Woodford

London

E18 1HB

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

Revenue 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 each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 January 2024

965,526

339,345

438,567

Additions

-

104,864

268

At 31 December 2024

965,526

444,209

438,835

DEPRECIATION

At 1 January 2024

366,520

59,774

285,149

Charge for year

19,311

8,884

23,053

At 31 December 2024

385,831

68,658

308,202

NET BOOK VALUE

At 31 December 2024

579,695

375,551

130,633

At 31 December 2023

599,006

279,571

153,418

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

212,620

221,916

2,177,974

Additions

15,542

-

120,674

At 31 December 2024

228,162

221,916

2,298,648

DEPRECIATION

At 1 January 2024

109,875

196,122

1,017,440

Charge for year

29,572

6,448

87,268

At 31 December 2024

139,447

202,570

1,104,708

NET BOOK VALUE

At 31 December 2024

88,715

19,346

1,193,940

At 31 December 2023

102,745

25,794

1,160,534

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

328,624

393,764

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

29,769

26,484

Trade creditors

879,772

857,881

Taxation and social security

50,795

21,078

Other creditors

79,502

124,357

1,039,838

1,029,800

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

445,630

309,950

Hire purchase contracts

64,828

89,190

510,458

399,140