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REGISTERED NUMBER: 13392388 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

M.J.L HEATING & PLUMBING LTD

M.J.L HEATING & PLUMBING LTD (REGISTERED NUMBER: 13392388)

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


M.J.L HEATING & PLUMBING LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: M J Lennon





REGISTERED OFFICE: 5 Victoria Terrace, Napton Road
Stockton
Southam
CV47 8FG





REGISTERED NUMBER: 13392388 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

M.J.L HEATING & PLUMBING LTD (REGISTERED NUMBER: 13392388)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,323 1,749

CURRENT ASSETS
Stocks 1,750 1,370
Debtors 5 9,278 7,844
Cash at bank 18,982 15,574
30,010 24,788
CREDITORS
Amounts falling due within one year 6 7,248 6,000
NET CURRENT ASSETS 22,762 18,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,085

20,537

CREDITORS
Amounts falling due after more than one
year

7

(28,564

)

-

PROVISIONS FOR LIABILITIES (6,521 ) (332 )
NET ASSETS 22,000 20,205

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 21,999 20,204
22,000 20,205

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 director acknowledges his 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.

M.J.L HEATING & PLUMBING LTD (REGISTERED NUMBER: 13392388)

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 director and authorised for issue on 15 October 2024 and were signed by:





M J Lennon - Director


M.J.L HEATING & PLUMBING LTD (REGISTERED NUMBER: 13392388)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

M.J.L 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 25% on cost
Computer equipment - 25% on cost

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.

M.J.L HEATING & PLUMBING LTD (REGISTERED NUMBER: 13392388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Tools and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 1,717 - 909 2,626
Additions 2,068 40,892 1,347 44,307
At 31 May 2024 3,785 40,892 2,256 46,933
DEPRECIATION
At 1 June 2023 587 - 290 877
Charge for year 946 10,223 564 11,733
At 31 May 2024 1,533 10,223 854 12,610
NET BOOK VALUE
At 31 May 2024 2,252 30,669 1,402 34,323
At 31 May 2023 1,130 - 619 1,749

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 40,892
At 31 May 2024 40,892
DEPRECIATION
Charge for year 10,223
At 31 May 2024 10,223
NET BOOK VALUE
At 31 May 2024 30,669

M.J.L HEATING & PLUMBING LTD (REGISTERED NUMBER: 13392388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 639 313
Other debtors 8,639 7,531
9,278 7,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,076 -
Trade creditors 681 -
Taxation and social security - 4,931
Other creditors 1,491 1,069
7,248 6,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 28,564 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 33,640 -

9. RELATED PARTY DISCLOSURES

At 31 May 2024 other creditors include loans made to the company by its director amounting to £420 (2023 £108). The loans are interest free with no fixed date for repayment.

10. CONTROLLING PARTY

The controlling party is M J Lennon.