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REGISTERED NUMBER: 13684266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TJ DRAINAGE & PLUMBING LTD

TJ DRAINAGE & PLUMBING LTD (REGISTERED NUMBER: 13684266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TJ DRAINAGE & PLUMBING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mrs J White





REGISTERED OFFICE: 30 Plum Crescent
Burbage
Hinckley
LE10 2NW





REGISTERED NUMBER: 13684266 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

TJ DRAINAGE & PLUMBING LTD (REGISTERED NUMBER: 13684266)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,000 31,500
Tangible assets 5 87,523 40,146
115,523 71,646

CURRENT ASSETS
Stocks 1,500 500
Debtors 6 93,378 45,680
Cash at bank 47,214 68,360
142,092 114,540
CREDITORS
Amounts falling due within one year 7 140,147 88,834
NET CURRENT ASSETS 1,945 25,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,468

97,352

CREDITORS
Amounts falling due after more than one
year

8

(109,232

)

(92,548

)

PROVISIONS FOR LIABILITIES (4,493 ) -
NET ASSETS 3,743 4,804

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,742 4,803
3,743 4,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TJ DRAINAGE & PLUMBING LTD (REGISTERED NUMBER: 13684266)

BALANCE SHEET - continued
31 OCTOBER 2023


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 director and authorised for issue on 28 October 2024 and were signed by:





Mrs J White - Director


TJ DRAINAGE & PLUMBING LTD (REGISTERED NUMBER: 13684266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

TJ Drainage & 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Franchise fee
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.

Franchise fee - 10% straight line basis

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

TJ DRAINAGE & PLUMBING LTD (REGISTERED NUMBER: 13684266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
fee
£   
COST
At 1 November 2022
and 31 October 2023 35,000
AMORTISATION
At 1 November 2022 3,500
Amortisation for year 3,500
At 31 October 2023 7,000
NET BOOK VALUE
At 31 October 2023 28,000
At 31 October 2022 31,500

TJ DRAINAGE & PLUMBING LTD (REGISTERED NUMBER: 13684266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 2,728 50,000 691 53,419
Additions 11,251 64,130 482 75,863
At 31 October 2023 13,979 114,130 1,173 129,282
DEPRECIATION
At 1 November 2022 545 12,500 228 13,273
Charge for year 2,687 25,408 391 28,486
At 31 October 2023 3,232 37,908 619 41,759
NET BOOK VALUE
At 31 October 2023 10,747 76,222 554 87,523
At 31 October 2022 2,183 37,500 463 40,146

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 64,130
At 31 October 2023 64,130
NET BOOK VALUE
At 31 October 2023 64,130

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,713 44,418
Other debtors 1,000 -
Prepayments 8,665 1,262
93,378 45,680

TJ DRAINAGE & PLUMBING LTD (REGISTERED NUMBER: 13684266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 7,643 -
Hire purchase contracts 19,982 8,000
Trade creditors 18,711 3,040
Social security and other taxes 2,017 1,208
VAT 10,310 13,291
Other creditors 483 160
Directors' loan accounts 79,395 61,362
Accrued expenses 1,606 1,773
140,147 88,834

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 28,929 44,214
Other loans - 2-5 years 21,000 21,000
Hire purchase contracts 59,303 27,334
109,232 92,548