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
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
J Talbot Plumbing&heating Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
6,600
8,800
Tangible assets
18,258
22,286
Cash at bank and in hand
16,070
27,883
Creditors: amounts falling due within one year
(55,334)
(48,797)
Net current liabilities
(8,486)
(5,669)
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
J Talbot Plumbing&heating Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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.
J Talbot Plumbing&heating Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
11,000
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
At 31 December 2023
9,542
20,000
1,708
31,250
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
At 31 December 2023
5,900
11,250
1,108
18,258
At 31 December 2022
5,625
15,000
1,661
22,286
Amounts falling due within one year
Trade debtors
15,507
8,207
Other debtors
15,271
7,038
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,007
13,314
Loans from directors
46,563
36,767
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).