Local Plumbing Supplies Ltd

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

Registered number: 14205841

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		107,984		128,571

			107,984		128,571
CURRENT ASSETS
Stocks	5	247,820		188,223
Debtors	6	206,435		108,302
Cash at bank and in hand		302,786		260,789

		757,041		557,314
Creditors: Amounts Falling Due Within One Year	7	(632,453 )		(554,173 )

NET CURRENT ASSETS (LIABILITIES)			124,588		3,141

TOTAL ASSETS LESS CURRENT LIABILITIES			232,572		131,712

PROVISIONS FOR LIABILITIES
Deferred Taxation			(24,559 )		(28,613 )

NET ASSETS			208,013		103,099

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			207,913		102,999

SHAREHOLDERS' FUNDS			208,013		103,099

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Local Plumbing Supplies Ltd

Balance Sheet (continued)

As At 31 December 2025

For the 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.

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 K L Waygood Director	Mr S P Bartlett Director	Mr D E Overington Director
27/05/2026

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

1. General Information

Local Plumbing Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14205841 . The registered office is Unit 3, Minster Court Courtwick Lane, Wick, Littlehampton, BN17 7RN.

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, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold	10% on cost
Plant & Machinery	25% on RBM
Motor Vehicles	25% on RBM
Fixtures & Fittings	25% on RBM
Computer Equipment	SLM over 3 years

2.4. Stocks and Work in Progress

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

2.5. 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.

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.

2.6. Pensions

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 9)

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Local Plumbing Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2025	124,593	52,904	177,497
Additions	-	1,342	1,342

As at 31 December 2025	124,593	54,246	178,839

Depreciation
As at 1 January 2025	25,478	23,448	48,926
Provided during the period	12,459	9,470	21,929

As at 31 December 2025	37,937	32,918	70,855

Net Book Value
As at 31 December 2025	86,656	21,328	107,984

As at 1 January 2025	99,115	29,456	128,571

5. Stocks

	2025	2024
	£	£
Stock	247,820	188,223

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	155,475	72,883
Other debtors	50,960	35,419

	206,435	108,302

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	330,148	341,315
Other creditors	201,986	156,552
Taxation and social security	100,319	56,306

	632,453	554,173

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Local Plumbing Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	28,613	28,613
Deferred taxation	(4,054 )	(4,054 )

Balance at 31 December 2025	24,559	24,559

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

At the beginning of the period there was an amount of £149,924, owed to Emicca Holdings Ltd, a company that is a majority shareholder in Local Plumbing Supplies Ltd. At the end of the period there was an amount of £49,924 owed to Emicca Holdings Ltd.

TheIPG Ltd is a company that is a subsidiary of Emicca Holdings Ltd. During the year Local Plumbing Supplies Ltd earned rebates from TheIPG Ltd of £82,990 (2024: £69,045), received payments from TheIPG Ltd of £Nil (2024: £760) and paid fees of £3,632 (2024: £3,587) to TheIPG Ltd.

11. Ultimate Controlling Party

The controlling party is Mr Robin Beal and Mrs Diana Beal.

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