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Registration number: SC128951

Premier Plumbing Supplies Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Premier Plumbing Supplies Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9
Accountants' Report | 10

Premier Plumbing Supplies Limited

Company Information

Directors | Mr Graham Welsh Miss Phoebe Jane Welsh Mr Frederick Buchan Mr Lee Michael Greenan

Registered office | Bankhead Medway Sighthill Edinburgh EH11 4BY

Accountants | EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Premier Plumbing Supplies Limited

(Registration number: SC128951)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,526 | 6,035
Current assets |  |  |
Stocks | 5 | 155,395 | 172,263
Debtors | 6 | 166,345 | 114,116
Cash at bank and in hand |  | 89,377 | 79,362
|  | 411,117 | 365,741
Creditors: Amounts falling due within one year | 9 | (323,010) | (285,525)
Net current assets |  | 88,107 | 80,216
Total assets less current liabilities |  | 92,633 | 86,251
Creditors: Amounts falling due after more than one year | 9 | - | (7,229)
Net assets |  | 92,633 | 79,022
Capital and reserves |  |  |
Called up share capital |  | 40,000 | 40,000
Retained earnings |  | 52,633 | 39,022
Shareholders' funds |  | 92,633 | 79,022

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 March 2026 and signed on its behalf by:

......................................... Miss Phoebe Jane Welsh Director

Premier Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | Cost at 25%
Fixtures and fittings | Cost at 25%
Motor vehicles | Cost at 25%
Computer equipment | Cost at 33%

Premier Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

Premier Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 January 2025 | 31,898 | 12,767 | 6,368 | 25,430
Disposals | (2,115) | - | (1,198) | -
At 31 December 2025 | 29,783 | 12,767 | 5,170 | 25,430
Depreciation
At 1 January 2025 | 31,898 | 12,767 | 6,368 | 19,395
Charge for the year | - | - | - | 1,509
Eliminated on disposal | (2,115) | - | (1,198) | -
At 31 December 2025 | 29,783 | 12,767 | 5,170 | 20,904
Carrying amount
At 31 December 2025 | - | - | - | 4,526
At 31 December 2024 | - | - | - | 6,035

| Total £
Cost or valuation
At 1 January 2025 | 76,463
Disposals | (3,313)
At 31 December 2025 | 73,150
Depreciation
At 1 January 2025 | 70,428
Charge for the year | 1,509
Eliminated on disposal | (3,313)
At 31 December 2025 | 68,624
Carrying amount
At 31 December 2025 | 4,526
At 31 December 2024 | 6,035

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 155,395 | 172,263

Premier Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 166,345 | 114,116
| 166,345 | 114,116

Premier Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 7,229

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 8,745 | 13,700

Premier Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

| 2025 £ | 2024 £
Mr Francis Gerard Brogan | - | 9,366
Mr Ian Welsh | - | 1,422
Mr L Greenan | 510 | -
Miss P Welsh | 511 | -
Mr G Welsh | 510 | -
Mr F Buchan | 510 | -
| 2,041 | 10,788

The maximum balance outstanding during the year amounted to £10,788.
The directors current accounts are repayable on demand.
During the year the company paid rent of £71,775 (2024: £71,100) and dividends of £nil (2024: £38,426) to Premier Plumbing Supplies (Holdings) Limited.
At 31 December 2025 an amount of £228 (2024: £nil) was owed to Premier Plumbing Supplies (Holdings) Limited.
The intercompany loan is repayable on demand.
Premier Plumbing Supplies (BIDCO) Limited controls the company by virtue of a 100% stake in the company's share capital.During the year the company paid dividends of £70,750 to Premier Plumbing Supplies (BIDCO) Ltd.

9 | Creditors

Creditors: amounts falling due within one year

Premier Plumbing Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 8,745 | 13,700
Trade creditors |  | 259,057 | 225,868
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 8 | 229 | -
Taxation and social security |  | 33,874 | 25,688
Other creditors |  | 21,105 | 20,269
|  | 323,010 | 285,525

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | - | 7,229

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Premier Plumbing Supplies Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Premier Plumbing Supplies Limited for the year ended 31 December 2025 as set out on pages 2 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Premier Plumbing Supplies Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Premier Plumbing Supplies Limited and state those matters that we have agreed to state to the Board of Directors of Premier Plumbing Supplies Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premier Plumbing Supplies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Premier Plumbing Supplies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Premier Plumbing Supplies Limited. You consider that Premier Plumbing Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Premier Plumbing Supplies Limited. 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 statutory accounts.

......................................
EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

31 March 2026