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Registered number: 06253798

P & J Plumbing & Heating (Lincs) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

P & J Plumbing & Heating (Lincs) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Simon Groves
Hayley Elizabeth Morris
REGISTERED OFFICE
2 Sapphire Close
Orby
Skegness
Lincolnshire
PE24 5HU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06253798
BANKERS
NatWest
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

P & J Plumbing & Heating (Lincs) Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

P & J Plumbing & Heating (Lincs) Ltd

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets26,8609,150
CURRENT ASSETS
Stock3,2503,000
Debtors47,8936,652
Cash at bank and in hand20,92125,760
32,06435,412
CREDITORS: Amounts falling due within one year532,61541,749
NET CURRENT LIABILITIES(551)(6,337)
TOTAL ASSETS LESS CURRENT LIABILITIES6,3092,813
PROVISIONS FOR LIABILITIES AND CHARGES71,3031,917
NET ASSETS5,006896
CAPITAL AND RESERVES
Called up share capital844
Profit and loss account5,002892
SHAREHOLDERS' FUNDS5,006896
For the year ending 31/03/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/02/2024 and signed on their behalf by
.............................
Simon Groves
Director

P & J Plumbing & Heating (Lincs) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

P & J Plumbing & Heating (Lincs) Ltd

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/04/202242,99883343,831
At 31/03/202342,99883343,831
Depreciation
At 01/04/202234,47320834,681
For the year2,1341562,290
At 31/03/202336,60736436,971
Net Book Amounts
At 31/03/20236,3914696,860
At 31/03/20228,5256259,150
3. STOCK 20232022
££
Stock comprises:
Stock3,2503,000
3,2503,000
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors6,8494,530
UK corporation tax-179
Prepayments1,0441,943
7,8936,652

P & J Plumbing & Heating (Lincs) Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax5,308-
VAT7,08717,024
PAYE control-847
Salaries and wages control-1,985
Directors Current Account 15,0309,370
Hire purchase-3,795
Trade creditors3,6037,102
Accruals1,5871,626
32,61541,749
Included in creditors falling due within one year is a hire purchase agreement which is secured by the company against the asset to which it relates.
6. EMPLOYEES
20232022
No.No.
Average number of employees34
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,3031,917
1,3031,917
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44