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Registration number: 14390930

Jordan Kirk Plumbing & Heating Ltd

Unaudited Filleted Financial Statements

for the Period from 2 October 2022 to 30 September 2023

 

Jordan Kirk Plumbing & Heating Ltd

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

Jordan Kirk Plumbing & Heating Ltd

Company Information

Director

Mr Jordan Boro Kirk

Registered office

32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

Accountants

Cannon Williamson
Chartered Certified Accountants
Albion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

 

Jordan Kirk Plumbing & Heating Ltd

Profit and Loss Account and Statement of Retained Earnings for the Period from 2 October 2022 to 30 September 2023

Note

2023
£

Turnover

 

195,769

Cost of sales

 

(105,557)

Gross profit

 

90,212

Administrative expenses

 

(21,392)

Operating profit

 

68,820

Profit before tax

68,820

Taxation

 

(10,758)

Profit for the financial period

 

58,062

Retained earnings brought forward

 

-

Dividends paid

 

(26,000)

Retained earnings carried forward

 

32,062

 

Jordan Kirk Plumbing & Heating Ltd

(Registration number: 14390930)
Balance Sheet as at 30 September 2023

Note

2023
£

Fixed Assets

 

Tangible Assets

4

13,320

Current assets

 

Stocks

5

1,300

Debtors

6

16,482

Cash at bank and in hand

 

24,866

 

42,648

Creditors: Amounts falling due within one year

7

(23,886)

Net current assets

 

18,762

Net assets

 

32,082

Capital and Reserves

 

Called up share capital

8

20

Retained Earnings

32,062

Shareholders' funds

 

32,082

For the financial period ending 30 September 2023 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2024
 

.........................................
Mr Jordan Boro Kirk
Director

 

Jordan Kirk Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD
United Kingdom

These financial statements were authorised for issue by the director on 20 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Jordan Kirk Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2022 to 30 September 2023 (continued)

2

Accounting policies (continued)

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Jordan Kirk Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2022 to 30 September 2023 (continued)

2

Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Jordan Kirk Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2022 to 30 September 2023 (continued)

4

Tangible Assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

16,650

16,650

At 30 September 2023

16,650

16,650

Depreciation

Charge for the period

3,330

3,330

At 30 September 2023

3,330

3,330

Carrying amount

At 30 September 2023

13,320

13,320

5

Stocks

2023
£

Other inventories

1,300

6

Debtors

Current

2023
£

Trade Debtors

16,430

Other debtors

52

 

16,482

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

9

8,500

Taxation and social security

 

14,186

Accruals and deferred income

 

1,200

 

23,886

 

Jordan Kirk Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2022 to 30 September 2023 (continued)

7

Creditors (continued)

8

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Class A Shares of £1 each

10

10

Ordinary Class B Shares of £1 each

10

10

 

20

20

9

Loans and borrowings

2023
£

Current loans and borrowings

Other borrowings

8,500

10

Dividends

   

2023

   

£

Interim dividend of £2,400.00 per ordinary share

 

26,000

     

11

Related party transactions

 

Jordan Kirk Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2022 to 30 September 2023 (continued)

11

Related party transactions (continued)

Director's remuneration

The director's remuneration for the period was as follows:

2023
£

Remuneration

7,408