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REGISTERED NUMBER: 05766138 (England and Wales)












J&S Mcnally Heating Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






J&S Mcnally Heating Services Limited (Registered number: 05766138)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J&S Mcnally Heating Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S McNally
Mrs D H McNally





REGISTERED OFFICE: 5 Hall Close
Kettering
Northamptonshire
NN15 7LQ





REGISTERED NUMBER: 05766138 (England and Wales)





ACCOUNTANTS: Kilby Fox
Chartered Accountants
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

J&S Mcnally Heating Services Limited (Registered number: 05766138)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,931 20,738

CURRENT ASSETS
Stocks 2,720 2,720
Debtors 5 1,694 4,944
Cash at bank and in hand 50,771 43,432
55,185 51,096
CREDITORS
Amounts falling due within one year 6 68,335 63,944
NET CURRENT LIABILITIES (13,150 ) (12,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,781

7,890

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,681 7,790
SHAREHOLDERS' FUNDS 16,781 7,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 16 July 2024 and were signed on its behalf by:





S McNally - Director


J&S Mcnally Heating Services Limited (Registered number: 05766138)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

J&S Mcnally Heating Services Limited 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 & machinery etc - 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

J&S Mcnally Heating Services Limited (Registered number: 05766138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant &
machinery
etc
£   
COST
At 1 April 2023 45,901
Additions 27,741
Disposals (19,341 )
At 31 March 2024 54,301
DEPRECIATION
At 1 April 2023 25,163
Charge for year 10,388
Eliminated on disposal (11,181 )
At 31 March 2024 24,370
NET BOOK VALUE
At 31 March 2024 29,931
At 31 March 2023 20,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,694 4,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,852 25,599
Trade creditors 6,794 3,343
Taxation and social security 20,990 15,865
Other creditors 30,699 19,137
68,335 63,944

7. ULTIMATE CONTROLLING PARTY

The controlling party is S McNally.