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REGISTERED NUMBER: 03377352 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

GP PLUMBING & HEATING ENGINEERS LIMITED

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

Company Information | 1 |

Strategic Report | 3 |

Report of the Directors | 5 |

Report of the Independent Auditors | 7 |

Income Statement | 11 |

Other Comprehensive Income | 12 |

Balance Sheet | 13 |

Statement of Changes in Equity | 14 |

Cash Flow Statement | 15 |

Notes to the Cash Flow Statement | 16 |

Notes to the Financial Statements | 18 |

GP PLUMBING & HEATING ENGINEERS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | S Gibbs

| D Gibbs

| R Oliveira

| R Sheppard

| M Long

| SECRETARY: | S Gibbs

| REGISTERED OFFICE: | Unit 9A Ashdown Business Park

| Michael Way

| Maresfield

| Uckfield

| East Sussex

| TN22 2DU

| REGISTERED NUMBER: | 03377352 (England and Wales)

GP PLUMBING & HEATING ENGINEERS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| AUDITORS: | LMDB Limited

| t/a LMDB Accountants

| Statutory Auditors

| Railview Lofts

| 19c Commercial Road

| Eastbourne

| East Sussex

| BN21 3XE

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The directors present their strategic report for the year ended 31 August 2025.

REVIEW OF BUSINESS

During the period the company maintained its market share and achieved an increase in turnover of 1.8%. This has been achieved whilst achieving an increase in the profit margin.

The company is still experiencing increased costs in labour, materials and fuel which are putting a squeeze on profit margins within the UK construction industry. However, as a result of the continued hard work of the company's directors and employees, the profit and margins achieved in the period represent a strong trading performance.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's business is dependent upon the health of the construction sector. Currently there exists many external factors which are having an impact on the UK construction sector. These include skill shortages in the labour market, and increases in the cost of materials. The uncertainty caused by current world events has contributed to increases in fuel costs resulting in higher running costs, with increases of between 5 and 10% on some materials since the start of the war in Iran. The squeeze on profit margins within the industry has also contributed to some customers taking longer to settle their monthly accounts with some requesting 90 day settlement accounts. This is being monitored by the directors of the company with cash flow being managed accordingly.

In addition to these industry factors, the company has also experienced an increase in wages costs due to the increase in the minimum wage and National Insurance rates. However, despite these challenges the company is still maintaining its market share whilst still achieving healthy profit margins.

There has been a push by the UK Government to meet sustainability targets. We continue to research renewable energies so that we are prepared for any change, and challenges this technology brings with it.

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

FINANCIAL KEY PERFORMANCE INDICATORS

The Income Statement shows that turnover has increased to just under £19.5m from £19.1m in 2024.

Despite the squeeze in profit margins experienced by many companies within the construction industry in the period, the company has achieved a strong trading performance with pre-tax profit of just over £2.3m achieved (2024 - £2m). This was achieved at a healthy profit margin with a gross profit margin of 17% for the period (2024 - 15%) and pre-tax profit at just over 12% (2024 - 10.5%).

The directors are pleased with the trading results for the period and continue to take the necessary steps to ensure that healthy profits will continue to be achieved from current projects and those panned for the future.

ON BEHALF OF THE BOARD:

D Gibbs - Director

9 April 2026

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 AUGUST 2025

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of plumbing and heating engineers

DIVIDENDS

The total distribution of dividends for the year ended 31 August 2025 will be £1,471,737.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

S Gibbs

D Gibbs

R Oliveira

R Sheppard

M Long

DONATIONS

During the year, donations of £19,803 (2024 - £12,265 were made. None of these donations were made to political parties in the UK or overseas.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 AUGUST 2025

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

D Gibbs - Director

9 April 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

GP PLUMBING & HEATING ENGINEERS LIMITED

Opinion

We have audited the financial statements of GP Plumbing & Heating Engineers Limited (the 'company') for the year ended 31 August 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

GP PLUMBING & HEATING ENGINEERS LIMITED

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

GP PLUMBING & HEATING ENGINEERS LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

- Enquiry of management and those charged with governance on the actual and potential litigation and claims, and also any instances of non-compliance with laws and regulations.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- Professional scepticism in the course of the audit and with audit sampling in material audit areas.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

GP PLUMBING & HEATING ENGINEERS LIMITED

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

S Murray FCCA (Senior Statutory Auditor)

for and on behalf of LMDB Limited

t/a LMDB Accountants

Statutory Auditors

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

9 April 2026

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

INCOME STATEMENT

FOR THE YEAR ENDED 31 AUGUST 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 19,495,847 |  | 19,143,042 |  |

Cost of sales | 16,180,344 |  | 16,270,442 |  |

GROSS PROFIT | 3,315,503 |  | 2,872,600 |  |

Administrative expenses | 978,273 |  | 861,494 |  |

OPERATING PROFIT | 4 | 2,337,230 |  | 2,011,106 |  |

Interest receivable and similar income | 1,797 |  | 1,560 |  |

PROFIT BEFORE TAXATION | 2,339,027 |  | 2,012,666 |  |

Tax on profit | 5 | 555,337 |  | 507,488 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,783,690 |  | 1,505,178 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 AUGUST 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,783,690 |  | 1,505,178 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,783,690 |  | 1,505,178 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

BALANCE SHEET

31 AUGUST 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 7 | 702,953 |  | 564,258 |  |

CURRENT ASSETS

Stocks | 8 | 84,000 |  | 79,000 |  |

Debtors | 9 | 3,872,309 |  | 2,819,740 |  |

Cash at bank | 2,706,642 |  | 3,372,940 |  |

6,662,951 |  | 6,271,680 |  |

CREDITORS

Amounts falling due within one year | 10 | 3,119,180 |  | 2,913,181 |  |

NET CURRENT ASSETS | 3,543,771 |  | 3,358,499 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,246,724 |  | 3,922,757 |  |

PROVISIONS FOR LIABILITIES | 11 | 94,426 |  | 82,412 |  |

NET ASSETS | 4,152,298 |  | 3,840,345 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 103 |  | 103 |  |

Share premium | 13 | 52,425 |  | 52,425 |  |

Retained earnings | 13 | 4,099,770 |  | 3,787,817 |  |

SHAREHOLDERS' FUNDS | 4,152,298 |  | 3,840,345 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2026 and were signed on its behalf by:

D Gibbs - Director

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 September 2023 | 103 |  | 3,810,750 |  | 52,425 |  | 3,863,278 |  |

Changes in equity

Dividends | - |  | (1,528,111 | ) | - |  | (1,528,111 | ) |

Total comprehensive income | - |  | 1,505,178 |  | - |  | 1,505,178 |  |

Balance at 31 August 2024 | 103 |  | 3,787,817 |  | 52,425 |  | 3,840,345 |  |

Changes in equity

Dividends | - |  | (1,471,737 | ) | - |  | (1,471,737 | ) |

Total comprehensive income | - |  | 1,783,690 |  | - |  | 1,783,690 |  |

Balance at 31 August 2025 | 103 |  | 4,099,770 |  | 52,425 |  | 4,152,298 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 AUGUST 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,770,484 |  | 2,104,266 |  |

Tax paid | (658,537 | ) | (349,788 | ) |

Net cash from operating activities | 1,111,947 |  | 1,754,478 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (491,995 | ) | (388,518 | ) |

Sale of tangible fixed assets | 164,990 |  | 190,074 |  |

Interest received | 1,797 |  | 1,560 |  |

Net cash from investing activities | (325,208 | ) | (196,884 | ) |

Cash flows from financing activities

Amount introduced by directors | 18,700 |  | 13,023 |  |

Equity dividends paid | (1,471,737 | ) | (1,528,111 | ) |

Net cash from financing activities | (1,453,037 | ) | (1,515,088 | ) |

(Decrease)/increase in cash and cash equivalents | (666,298 | ) | 42,506 |  |

Cash and cash equivalents at beginning of year | 2 | 3,372,940 |  | 3,330,434 |  |

Cash and cash equivalents at end of year | 2 | 2,706,642 |  | 3,372,940 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 AUGUST 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 2,339,027 |  | 2,012,666 |  |

| Depreciation charges | 204,274 |  | 148,962 |  |

| Profit on disposal of fixed assets | (15,963 | ) | (14,209 | ) |

| Finance income | (1,797 | ) | (1,560 | ) |

2,525,541 |  | 2,145,859 |  |

| Increase in stocks | (5,000 | ) | (6,500 | ) |

| Increase in trade and other debtors | (1,052,570 | ) | (138,983 | ) |

| Increase in trade and other creditors | 302,513 |  | 103,890 |  |

| Cash generated from operations | 1,770,484 |  | 2,104,266 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 August 2025

| 31.8.25 |  | 1.9.24

£ | £ |

| Cash and cash equivalents | 2,706,642 |  | 3,372,940 |  |

| Year ended 31 August 2024

| 31.8.24 |  | 1.9.23

£ | £ |

| Cash and cash equivalents | 3,372,940 |  | 3,330,434 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 AUGUST 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.9.24 | Cash flow | At 31.8.25

£ | £ | £ |

| Net cash |

| Cash at bank | 3,372,940 |  | (666,298 | ) | 2,706,642 |  |

3,372,940 |  | (666,298 | ) | 2,706,642 |  |

| Total | 3,372,940 |  | (666,298 | ) | 2,706,642 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| GP Plumbing & Heating Engineers 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.

| 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Key sources of estimation uncertainty

| The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

| Accrued and deferred income provision - A provision is made to accrue or defer income in order to recognise income based on the stage of completion for each contract in accordance with S.23 of FRS102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland".

| Whilst the directors have made every effort to reliably measure the stage of completion for individual contracts and then determine an accurate value of income, the inherent nature of the calculations requires a degree of estimation. There is a risk these estimations may prove inaccurate when the same calculations are performed at a later stage of the contract.

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| When calculating turnover the directors have applied the provisions of S.23 of FRS 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" and only recognises income in accordance with the stage of completion for each individual contract.

| This is calculated by assessing the amount of work performed at the balance sheet date on each contract and comparing to the overall contractual obligations as defined at the outset of each contract. This assessment provides an indication of the stage of completion for a contract which is then compared to the overall value of the contract to determine the amount of income to be recognised at the balance sheet date.

| 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 | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| 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 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.

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| 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 year 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.

| 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.

| Financial instruments

| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision will be established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

| Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

| Financial assets are de-recognised when:

| - the contractual right to the cash flows from the financial asset expire or are settled; or

| - the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or

| - the company, despite having retained some but not all off significant risks and rewards of ownership, has transferred control of the asset to another party.

| Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,776,456 |  | 1,639,478 |  |

| Social security costs | 176,403 |  | 164,784 |  |

| Other pension costs | 102,584 |  | 104,710 |  |

2,055,443 |  | 1,908,972 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Directors | 5 |  | 5 |  |

| Administration | 4 |  | 3 |  |

| Direct labour | 32 |  | 28 |  |

41 |  | 36 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 45,480 |  | 45,480 |  |

| Directors' pension contributions to money purchase schemes | 70,257 |  | 70,257 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 5 |  | 5 |  |

| The directors form the entirety of key management personnel.

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 204,273 |  | 148,961 |  |

| Profit on disposal of fixed assets | (15,963 | ) | (14,209 | ) |

| Auditors' remuneration | 6,878 |  | 6,551 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

5. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 543,323 |  | 518,013 |  |

| Deferred tax | 12,014 |  | (10,525 | ) |

| Tax on profit | 555,337 |  | 507,488 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,339,027 |  | 2,012,666 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 584,757 |  | 503,167 |  |

| Effects of:

| Expenses not deductible for tax purposes | 3,918 |  | 4,299 |  |

| Capital allowances in excess of depreciation | (44 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 22 |  |

| Adjustments to tax charge in respect of previous periods | (33,294 | ) | - |  |

| differences |

| Total tax charge | 555,337 |  | 507,488 |  |

6. | DIVIDENDS

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| A - E Ordinary shares of £1 each |  |  | 1,471,736 |  |  | 1,528,111 |  |

|  | 1,471,736 |  |  | 1,528,111 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

7. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 September 2024 | 9,995 |  | 991,312 |  | 1,001,307 |  |

| Additions | 1,336 |  | 490,659 |  | 491,995 |  |

| Disposals | - |  | (279,690 | ) | (279,690 | ) |

| At 31 August 2025 | 11,331 |  | 1,202,281 |  | 1,213,612 |  |

| DEPRECIATION

| At 1 September 2024 | 4,423 |  | 432,626 |  | 437,049 |  |

| Charge for year | 1,727 |  | 202,546 |  | 204,273 |  |

| Eliminated on disposal | - |  | (130,663 | ) | (130,663 | ) |

| At 31 August 2025 | 6,150 |  | 504,509 |  | 510,659 |  |

| NET BOOK VALUE

| At 31 August 2025 | 5,181 |  | 697,772 |  | 702,953 |  |

| At 31 August 2024 | 5,572 |  | 558,686 |  | 564,258 |  |

8. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 84,000 |  | 79,000 |  |

9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 760,139 |  | 443,959 |  |

| Accrued income | 3,027,977 |  | 2,319,178 |  |

| Prepayments | 84,193 |  | 56,603 |  |

3,872,309 |  | 2,819,740 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 2,054,475 |  | 1,631,824 |  |

| Tax | 308,870 |  | 424,084 |  |

| Social security and other taxes | 115,498 |  | 114,474 |  |

| Other creditors | 113,255 |  | 99,036 |  |

| Pension liability | 8,439 |  | 8,059 |  |

| Directors' current accounts | 416,171 |  | 397,471 |  |

| Accrued expenses | 102,472 |  | 238,233 |  |

3,119,180 |  | 2,913,181 |  |

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 94,426 |  | 82,412 |  |

| Deferred |

| tax |

£ |

| Balance at 1 September 2024 | 82,412 |  |

| Provided during year | 12,014 |  |

| Balance at 31 August 2025 | 94,426 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 75 | A Ordinary | £1 | 75 |  | 75 |  |

| 25 | B Ordinary | £1 | 25 |  | 25 |  |

| 1 | C ordinary | £1 | 1 |  | 1 |  |

| 1 | D Ordinary | £1 | 1 |  | 1 |  |

| 1 | E Ordinary | £1 | 1 |  | 1 |  |

103 |  | 103 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

13. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 September 2024 | 3,787,817 |  | 52,425 |  | 3,840,242 |  |

| Profit for the year | 1,783,690 |  | 1,783,690 |  |

| Dividends | (1,471,737 | ) | (1,471,737 | ) |

| At 31 August 2025 | 4,099,770 |  | 52,425 |  | 4,152,195 |  |

| Retained earnings

| Retained earnings comprises the balance of profits or losses accumulated over the life of the company.

| Share premium

| Share premium comprises the excess of consideration received over the nominal value of the share capital.

14. | ULTIMATE PARENT COMPANY

| GP Plumbing Holdings Limited is regarded by the directors as being the company's ultimate parent company.

| GP Plumbing Holdings Limited owns 97% of the share capital of GP Plumbing & Heating Engineers Limited.

| Consolidated accounts incorporating the results of the company are prepared by the company's parent GP Plumbing Holdings Limited (No:11785147), registered office:

| Unit 9A Ashdown Business Park

| Michael Way

| Maresfield

| Uckfield

| East Sussex

| TN22 2DU

| Consolidated accounts can be obtained from Companies House.

15. | RELATED PARTY DISCLOSURES

| Entities with control, joint control or significant influence over the entity

2025 | 2024 |

£ | £ |

| Rents payable | 36,000 |  | 36,000 |  |

GP PLUMBING & HEATING ENGINEERS LIMITED (REGISTERED NUMBER: 03377352)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

| Rents are payable under a tenancy at will arrangement.

| Key management personnel of the entity or its parent (in the aggregate)

2025 | 2024 |

£ | £ |

| Amount due to related parties | 416,171 |  | 397,471 |  |

| The amounts owed are repayable on demand and without payment of interest.

| The ultimate controlling party is D Gibbs by virtue of his 75% shareholding in the ultimate parent company.