IRIS Accounts Production v23.2.0.158 09611867 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096118672022-05-31096118672023-05-31096118672022-06-012023-05-31096118672021-05-31096118672021-06-012022-05-31096118672022-05-3109611867ns10:Originalns15:EnglandWales2022-06-012023-05-3109611867ns14:PoundSterlingns10:Original2022-06-012023-05-3109611867ns10:Originalns10:Director12022-06-012023-05-3109611867ns10:Original2022-06-012023-05-3109611867ns10:Original2023-05-3109611867ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3109611867ns10:Originalns10:SmallEntities2022-06-012023-05-3109611867ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3109611867ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3109611867ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3109611867ns10:Originalns10:FullAccounts2022-06-012023-05-3109611867ns10:Originalns10:Director22022-06-012023-05-3109611867ns10:CompanySecretary1ns10:Original2022-06-012023-05-3109611867ns10:Originalns10:RegisteredOffice2022-06-012023-05-3109611867ns10:Original2022-05-3109611867ns10:Originalns5:CurrentFinancialInstruments2023-05-3109611867ns10:Originalns5:CurrentFinancialInstruments2022-05-3109611867ns5:ShareCapitalns10:Original2023-05-3109611867ns5:ShareCapitalns10:Original2022-05-3109611867ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3109611867ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3109611867ns10:Originalns5:PlantMachinery2022-06-012023-05-3109611867ns10:Originalns5:MotorVehicles2022-06-012023-05-3109611867ns10:Original2021-06-012022-05-3109611867ns10:Originalns5:PlantMachinery2022-05-3109611867ns10:Originalns5:MotorVehicles2022-05-3109611867ns10:Original2022-05-3109611867ns10:Originalns5:PlantMachinery2023-05-3109611867ns10:Originalns5:MotorVehicles2023-05-3109611867ns10:Originalns5:PlantMachinery2022-05-3109611867ns10:Originalns5:MotorVehicles2022-05-3109611867ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3109611867ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 09611867 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

J K MAYES PLUMBING & HEATING LTD

J K MAYES PLUMBING & HEATING LTD (REGISTERED NUMBER: 09611867)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J K MAYES PLUMBING & HEATING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr J K Mayes
Mrs A F Mayes





SECRETARY: Mrs A F Mayes





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 09611867 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

J K MAYES PLUMBING & HEATING LTD (REGISTERED NUMBER: 09611867)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,639 12,851

CURRENT ASSETS
Stocks 5 3,005 2,997
Debtors 6 11,083 17,296
Cash at bank 15,940 31,848
30,028 52,141
CREDITORS
Amounts falling due within one year 7 33,620 35,426
NET CURRENT (LIABILITIES)/ASSETS (3,592 ) 16,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,047

29,566

PROVISIONS FOR LIABILITIES 1,831 2,442
NET ASSETS 4,216 27,124

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,116 27,024
4,216 27,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

J K MAYES PLUMBING & HEATING LTD (REGISTERED NUMBER: 09611867)

BALANCE SHEET - continued
31 MAY 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by:





Mrs A F Mayes - Director


J K MAYES PLUMBING & HEATING LTD (REGISTERED NUMBER: 09611867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

J K Mayes Plumbing & Heating Ltd 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.
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

J K MAYES PLUMBING & HEATING LTD (REGISTERED NUMBER: 09611867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 2,976 19,380 22,356
DEPRECIATION
At 1 June 2022 1,319 8,186 9,505
Charge for year 414 2,798 3,212
At 31 May 2023 1,733 10,984 12,717
NET BOOK VALUE
At 31 May 2023 1,243 8,396 9,639
At 31 May 2022 1,657 11,194 12,851

5. STOCKS
2023 2022
£    £   
Stocks 3,005 2,997

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 325 902
Other debtors 7,780 12,950
PAYE - 677
VAT - 39
Prepayments 2,978 2,728
11,083 17,296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,799 20,718
Corporation tax 3,447 7,564
Social security and other taxes 979 -
VAT 1,879 -
Directors' current account 5,926 5,554
Accrued expenses 1,590 1,590
33,620 35,426