Registered number
09152426
JCC Plumbing and Heating Limited
Unaudited Filleted Accounts
31 July 2024
JCC Plumbing and Heating Limited
Profit and Loss Account
for the year ended 31 July 2024
2024 2023
£ £
Turnover 70,016 59,421
Cost of sales (29,306) (26,047)
Gross profit 40,710 33,374
Administrative expenses (23,068) (21,314)
Operating profit 17,642 12,060
Interest payable (1,709) (168)
Profit before taxation 14,051 11,892
Tax on profit (7,133) -
Profit for the financial year 6,918 11,892
JCC Plumbing and Heating Limited
Registered number: 09152426
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 23,489
Current assets
Debtors 4 - 1,390
Cash at bank and in hand 27,870 23,829
27,870 25,219
Creditors: amounts falling due within one year 5 (8,006) (6,277)
Net current assets 19,864 18,942
Total assets less current liabilities 19,864 42,431
Creditors: amounts falling due after more than one year 6 - (15,235)
Net assets 19,864 27,196
Capital and reserves
Called up share capital 1 1
Profit and loss account 19,863 27,195
Shareholder's funds 19,864 27,196
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Silverwood
Director
Approved by the board on 5 November 2024
JCC Plumbing and Heating Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 August 2023 23,489
Disposals (23,489)
At 31 July 2024 -
Depreciation
At 1 August 2023 -
On disposals (5,872)
At 31 July 2024 -
Net book value
At 31 July 2024 -
At 31 July 2023 23,489
4 Debtors 2024 2023
£ £
Trade debtors - 132
Other debtors - 1,258
- 1,390
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 4,234
Director loan account 45 1,233
Taxation and social security costs 7,133 -
Other creditors 828 810
8,006 6,277
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 15,235
7 Other information
JCC Plumbing and Heating Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Westfield Terrace
Allerton Bywater
Castleford
West Yorkshire
WF10 2ED
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