ELITE PLUMBING LIMITED

ELITE PLUMBING LIMITED
Contents Page
For the year ended 30 November 2025

Company Information	1
Directors' Report	2
Income Statement	3
Statement of Financial Position	4
Notes to the Financial Statements	5

ELITE PLUMBING LIMITED
Company Information
For the year ended 30 November 2025

Directors	T IOANNOU E IOANNOU
Registered Number	04135255
Registered Office	65-67 Myddleton Road London England N22 8LZ
Accountants	GTC Accountants Ltd First Floor, 241 High Street Walthamstow London E17 7BH
Bankers	Lloyds Bank PLC

1

ELITE PLUMBING LIMITED
Directors' Report
For the year ended 30 November 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 30 November 2025.

Principal activities

Principal activity of the company during the financial year was of retail of plumbing supplies.

Directors

The directors who served the company throughout the year were as follows:

T IOANNOU

E IOANNOU

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
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 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
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
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. The directors 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
E IOANNOU
Director

Date approved: 27 July 2026

2

ELITE PLUMBING LIMITED
Income Statement
For the year ended 30 November 2025

	2025 £	2024 £
Turnover	3,760,882	3,099,519
Cost of sales	(2,473,682)	(1,870,758)
Gross profit	1,287,200	1,228,761
Selling and distribution costs	(2,688)	(61)
Administrative expenses	(1,150,253)	(1,095,395)
Operating profit	134,259	133,305
Interest payable and similar charges	(6,461)	(10,972)
Profit/(Loss) on ordinary activities before taxation	127,798	122,333
Tax on profit on ordinary activities	(34,384)	(28,980)
Profit/(Loss) for the financial year	93,414	93,353

3

Registered Number: 04135255 ELITE PLUMBING LIMITED
Statement of Financial Position
As at 30 November 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	491,328	412,435
		491,328	412,435
Current assets
Stocks	4	704,323	598,092
Debtors	5	681,843	605,571
Cash at bank and in hand		16,038	1,590
		1,402,204	1,205,253
Creditors: amount falling due within one year	6	(1,259,226)	(1,002,796)
Net current assets		142,978	202,457

Total assets less current liabilities		634,306	614,892
Creditors: amount falling due after more than one year	7	(66,666)	(116,666)
Net assets		567,640	498,226

Capital and reserves
Called up share capital		100	100
Profit and loss account		567,540	498,126
Shareholders' funds		567,640	498,226

For the year ended 30 November 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 27 July 2026 and were signed on its behalf by:

-------------------------------
E IOANNOU
Director

4

ELITE PLUMBING LIMITED
Notes to the Financial Statements
For the year ended 30 November 2025

General Information

ELITE PLUMBING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04135255, registration address 65-67 Myddleton Road, London , England, N22 8LZ .

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, , no depreciation in the year of acquisition, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	10% Reducing Balance
Computer Equipment	15% Reducing Balance
Plant and Machinery	15% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 14 (2024 : 13).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Fixtures and Fittings	Computer Equipment	Plant and Machinery	Total
	£	£	£	£	£
At 01 December 2024	76,804	625,997	60,976	33,450	797,227
Additions	-	114,933	-	-	114,933
Disposals	-	-	-	-	-
At 30 November 2025	76,804	740,930	60,976	33,450	912,160
Depreciation
At 01 December 2024	-	339,877	44,915	-	384,792
Charge for year	-	28,612	2,409	5,019	36,040
On disposals	-	-	-	-	-
At 30 November 2025	-	368,489	47,324	5,019	420,832
Net book values
Closing balance as at 30 November 2025	76,804	372,441	13,652	28,431	491,328
Opening balance as at 01 December 2024	76,804	286,120	16,061	33,450	412,435

The net book value of Plant and Machinery includes £ 28,431 (2024 £33,450) in respect of assets leased under finance leases or hire purchase contracts.

4.

Stocks

	2025 £		2024 £
Stocks	704,323		598,092
	704,323		598,092

5.

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	659,171	582,899
Prepayments & Accrued Income	22,672	22,672
	681,843	605,571

6.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	376,880	439,985
Bank Loans & Overdrafts	579,253	444,987
Corporation Tax	56,523	53,853
PAYE & Social Security	40,898	47,193
Other Creditors	26,300	-
Directors' Current Accounts	160,760	-
VAT	18,612	16,778
	1,259,226	1,002,796

7.

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	66,666		116,666
	66,666		116,666

5

Registered Number: 04135255
England and Wales
Unaudited Financial Statements

for the year ended 30 November 2025
for
ELITE PLUMBING LIMITED