REGISTERED NUMBER: 13472754 (England and Wales)

UPVC (ELECTRICAL & PLUMBING) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M R Epps

Mr R K Hawkins

Ms N Owens

Mr J P Thomas

Mr C M Pulman

REGISTERED OFFICE:

321 Penarth Road

Cardiff

CF11 8TT

REGISTERED NUMBER:

13472754 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

128,939

361,005

Tangible assets

5

-

202,962

Investments

6

5,220,457

5,220,457

5,349,396

5,784,424

CURRENT ASSETS

Stocks

-

309,704

Debtors

7

422,795

290,113

Cash at bank and in hand

44,658

571,848

467,453

1,171,665

CREDITORS

Amounts falling due within one year

8

2,560,719

2,691,730

NET CURRENT LIABILITIES

(2,093,266

)

(1,520,065

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,256,130

4,264,359

CREDITORS

Amounts falling due after more than one year

9

2,251,368

2,919,740

NET ASSETS

1,004,762

1,344,619

CAPITAL AND RESERVES

Called up share capital

867

867

Share premium

894,031

894,031

Capital redemption reserve

36

36

Retained earnings

109,828

449,685

1,004,762

1,344,619

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 29th September 2025 and were signed on its behalf by:

Mr M R Epps - Director

1.	STATUTORY INFORMATION

UPVC (Electrical & Plumbing) 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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% straight line on cost

Fixtures and fittings

-

20% straight line on cost and 10% straight line on cost

Motor vehicles

-

25% straight line on cost

IT Systems

-

20% straight line on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Computer

Goodwill

licences

software

Totals

£

£

£

£

COST

At 1st January 2024

284,859

-

104,632

389,491

Additions

-

2,000

2,496

4,496

Disposals

-

-

(2,496

)

(2,496

)

Impairments

(125,935

)

-

(104,632

)

(230,567

)

At 31st December 2024

158,924

2,000

-

160,924

AMORTISATION

At 1st January 2024

28,486

-

-

28,486

Amortisation for year

15,893

200

42

16,135

Eliminated on disposal

-

-

(42

)

(42

)

Impairments

(12,594

)

-

-

(12,594

)

At 31st December 2024

31,785

200

-

31,985

NET BOOK VALUE

At 31st December 2024

127,139

1,800

-

128,939

At 31st December 2023

256,373

-

104,632

361,005

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

IT

machinery

fittings

vehicles

Systems

Totals

£

£

£

£

£

COST

At 1st January 2024

108,776

69,665

61,960

18,444

258,845

Disposals

(108,776

)

(69,665

)

(61,960

)

(18,444

)

(258,845

)

At 31st December 2024

-

-

-

-

-

DEPRECIATION

At 1st January 2024

16,607

16,883

18,089

4,304

55,883

Charge for year

5,429

4,826

5,484

1,414

17,153

Eliminated on disposal

(22,036

)

(21,709

)

(23,573

)

(5,718

)

(73,036

)

At 31st December 2024

-

-

-

-

-

NET BOOK VALUE

At 31st December 2024

-

-

-

-

-

At 31st December 2023

92,169

52,782

43,871

14,140

202,962

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

5,220,457

NET BOOK VALUE

At 31st December 2024

5,220,457

At 31st December 2023

5,220,457

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,845

263,721

Amounts owed by group undertakings

406,787

-

Other debtors

7,163

26,392

422,795

290,113

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

434,204

337,955

Trade creditors

5,070

136,838

Amounts owed to group undertakings

-

170,041

Taxation and social security

-

46,693

Other creditors

2,121,445

2,000,203

2,560,719

2,691,730

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,441,368

1,719,740

Other creditors

810,000

1,200,000

2,251,368

2,919,740

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

35,000

29,000

Between one and five years

102,083

49,853

137,083

78,853

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.