REGISTERED NUMBER: 03534190 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

LYONS ELECTRICAL &

PLUMBING WHOLESALE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G E Lyons

Mrs V Lyons

Mr S Lyons

SECRETARY:

Mrs V Lyons

REGISTERED OFFICE:

The Forge

Coulson Street

Spennymoor

Co. Durham

DL16 7RS

REGISTERED NUMBER:

03534190 (England and Wales)

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton on Tees

TS18 3NJ

FIXED ASSETS

Tangible assets

4

61,825

67,180

CURRENT ASSETS

Stocks

49,850

70,550

Debtors

42,263

10,091

Cash at bank and in hand

86,838

31,632

178,951

112,273

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

232,473

180,991

NET CURRENT LIABILITIES

(53,522

)

(68,718

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,303

(1,538

)

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

(850

)

(5,917

)

PROVISIONS FOR LIABILITIES

(5,515

)

(6,532

)

NET ASSETS/(LIABILITIES)

1,938

(13,987

)

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

1,932

(13,993

)

SHAREHOLDERS' FUNDS

1,938

(13,987

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 May 2026 and were signed on its behalf by:

Mr G E Lyons - Director

Mrs V Lyons - Director

1.	STATUTORY INFORMATION

Lyons Electrical & Plumbing Wholesale 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance and 15% on reducing balance

The company does not depreciate improvements to leasehold property which is in contravention of FRS102. The directors consider the carrying value at cost will be realised in any sale and therefore depreciation should not be provided for the accounts to show a true and fair view.

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

132,809

Additions

1,572

Disposals

(714

)

At 31 March 2026

133,667

DEPRECIATION

At 1 April 2025

65,629

Charge for year

6,757

Eliminated on disposal

(544

)

At 31 March 2026

71,842

NET BOOK VALUE

At 31 March 2026

61,825

At 31 March 2025

67,180

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2025

and 31 March 2026

21,400

DEPRECIATION

At 1 April 2025

9,987

Charge for year

2,283

At 31 March 2026

12,270

NET BOOK VALUE

At 31 March 2026

9,130

At 31 March 2025

11,413

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/3/26

31/3/25

£

£

Net obligations repayable:

Within one year

3,400

3,400

Between one and five years

850

4,250

4,250

7,650

Non-cancellable

operating leases

31/3/26

31/3/25

£

£

Between one and five years

5,423

12,654