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REGISTERED NUMBER: 08542307 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

D J MEARA HEATING & PLUMBING LTD

D J MEARA HEATING & PLUMBING LTD (REGISTERED NUMBER: 08542307)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D J MEARA HEATING & PLUMBING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: D J Meara
K Millgate-Meara





REGISTERED OFFICE: 208 Shoebury Road
Southend on Sea
Essex
SS1 3RQ





REGISTERED NUMBER: 08542307 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

D J MEARA HEATING & PLUMBING LTD (REGISTERED NUMBER: 08542307)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 5,000
Tangible assets 5 4,138 5,294
8,638 10,294

CURRENT ASSETS
Stocks 18,250 22,500
Debtors 6 3,720 1,367
Cash at bank 29,682 44,716
51,652 68,583
CREDITORS
Amounts falling due within one year 7 24,161 34,769
NET CURRENT ASSETS 27,491 33,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,129

44,108

CREDITORS
Amounts falling due after more than one
year

8

33,908

43,642
NET ASSETS 2,221 466

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 2,217 462
SHAREHOLDERS' FUNDS 2,221 466

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

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

D J MEARA HEATING & PLUMBING LTD (REGISTERED NUMBER: 08542307)

BALANCE SHEET - continued
31 MAY 2024


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 20 September 2024 and were signed on its behalf by:




D J Meara - Director



K Millgate-Meara - Director


D J MEARA HEATING & PLUMBING LTD (REGISTERED NUMBER: 08542307)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

D J Meara Heating & Plumbing Ltd 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 represent net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

D J MEARA HEATING & PLUMBING LTD (REGISTERED NUMBER: 08542307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023 5,000
Charge for year 500
At 31 May 2024 5,500
NET BOOK VALUE
At 31 May 2024 4,500
At 31 May 2023 5,000

5. TANGIBLE FIXED ASSETS
Fixtures
Tools and and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 125 7,831 14,811 379 23,146
DEPRECIATION
At 1 June 2023 100 4,539 12,834 379 17,852
Charge for year 4 658 494 - 1,156
At 31 May 2024 104 5,197 13,328 379 19,008
NET BOOK VALUE
At 31 May 2024 21 2,634 1,483 - 4,138
At 31 May 2023 25 3,292 1,977 - 5,294

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,466 250
Other debtors and prepayments 1,254 1,117
3,720 1,367

D J MEARA HEATING & PLUMBING LTD (REGISTERED NUMBER: 08542307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,585 6,347
Tax 9,972 13,806
Social security and other taxes 218 15
VAT 5,073 5,175
Other creditors 1,354 990
Directors' current accounts 721 554
Accruals and prepaid income 4,238 7,882
24,161 34,769

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 33,908 43,642