Company No: 13173215 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	167		716
		167		716
Current assets
Stocks	4	298,000		193,300
Debtors	5	4,568		46,768
Cash at bank and in hand		10,126		584
		312,694		240,652
Creditors: amounts falling due within one year	6	( 295,514)		( 220,175)
Net current assets		17,180		20,477
Total assets less current liabilities		17,347		21,193
Net assets		17,347		21,193
Capital and reserves
Called-up share capital		120		120
Profit and loss account		17,227		21,073
Total shareholders' funds		17,347		21,193

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Plumb Switch Limited (registered number: 13173215) were approved and authorised for issue by the Director. They were signed on its behalf by:

I Asif Director

27 October 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Plumb Switch Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	4 years straight line
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	2		2

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 March 2025	4,600		1,187		5,787
At 28 February 2026	4,600		1,187		5,787
Accumulated depreciation
At 01 March 2025	4,217		854		5,071
Charge for the financial year	383		166		549
At 28 February 2026	4,600		1,020		5,620
Net book value
At 28 February 2026	0		167		167
At 28 February 2025	383		333		716

4. Stocks

	2026		2025
	£		£
Stocks	298,000		193,300

5. Debtors

	2026		2025
	£		£
Trade debtors	0		46,768
Other debtors	4,568		0
	4,568		46,768

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	51,720		40,675
Taxation and social security	13,339		2,026
Other creditors	230,455		177,474
	295,514		220,175

7. Related party transactions

Included within other creditors is a balance of £582 (2025: £332) included within other debtors owed to Crystal Sigma Ltd, a company in which M S Riaz is also a director.

Included within other creditors is a balance of £89,940 (2025: £90,000) owed to Riaz & Sons Holdings Ltd, a company in which M S Riaz is also a director.