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Company Registration No. 13795442 (England and Wales)
J Talbot Plumbing&heating Ltd Unaudited accounts for the year ended 31 December 2023
J Talbot Plumbing&heating Ltd Unaudited accounts Contents
Page
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J Talbot Plumbing&heating Ltd Company Information for the year ended 31 December 2023
Director
James Francis Talbot
Company Number
13795442 (England and Wales)
Registered Office
26 Quantock Road Southampton SO16 4AJ England
Accountants
365 Accounts Ltd 44 Brookwood Road Southampton Hampshire SO16 9AJ
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J Talbot Plumbing&heating Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,600 
8,800 
Tangible assets
18,258 
22,286 
24,858 
31,086 
Current assets
Debtors
30,778 
15,245 
Cash at bank and in hand
16,070 
27,883 
46,848 
43,128 
Creditors: amounts falling due within one year
(55,334)
(48,797)
Net current liabilities
(8,486)
(5,669)
Net assets
16,372 
25,417 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
16,371 
25,416 
Shareholders' funds
16,372 
25,417 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2024 and were signed on its behalf by
James Francis Talbot Director Company Registration No. 13795442
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J Talbot Plumbing&heating Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
J Talbot Plumbing&heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 13795442. The registered office is 26 Quantock Road, , Southampton, SO16 4AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
33.33% Reducing Balance Method
Intangible fixed assets
Intangible fixed assets (including goodwill and patents) are included at cost less accumulated amortisation. Intangibles are amortised over their useful life of 5 years on a straight line basis.
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J Talbot Plumbing&heating Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
11,000 
At 31 December 2023
11,000 
Amortisation
At 1 January 2023
2,200 
Charge for the year
2,200 
At 31 December 2023
4,400 
Net book value
At 31 December 2023
6,600 
At 31 December 2022
8,800 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
7,500 
20,000 
1,708 
29,208 
Additions
2,042 
- 
- 
2,042 
At 31 December 2023
9,542 
20,000 
1,708 
31,250 
Depreciation
At 1 January 2023
1,875 
5,000 
47 
6,922 
Charge for the year
1,767 
3,750 
553 
6,070 
At 31 December 2023
3,642 
8,750 
600 
12,992 
Net book value
At 31 December 2023
5,900 
11,250 
1,108 
18,258 
At 31 December 2022
5,625 
15,000 
1,661 
22,286 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,507 
8,207 
Other debtors
15,271 
7,038 
30,778 
15,245 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
764 
(2,269)
Taxes and social security
8,007 
13,314 
Loans from directors
46,563 
36,767 
Accruals
- 
985 
55,334 
48,797 
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J Talbot Plumbing&heating Ltd Notes to the Accounts for the year ended 31 December 2023
8
Transactions with related parties
During the year the company maintained a a current account with its director Mr James Talbot. As at the year end date the company owed its director and amount of £45,563 (2022 - £36,767)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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