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REGISTERED NUMBER: 11370172 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

JMD Plumbing & Heating (Cumbria) Ltd

JMD Plumbing & Heating (Cumbria) Ltd (Registered number: 11370172)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMD Plumbing & Heating (Cumbria) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J M Donaldson





REGISTERED OFFICE: Hailwood House
Brough
Cumbria
CA17 4AY





REGISTERED NUMBER: 11370172 (England and Wales)





ACCOUNTANTS: Noble Accountants Ltd
Tarn Villa
Culgaith
Penrith
Cumbria
CA10 1QL

JMD Plumbing & Heating (Cumbria) Ltd (Registered number: 11370172)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,707 5,662
28,707 5,662

CURRENT ASSETS
Stocks 1,000 3,000
Debtors 6 18,554 15,800
Cash at bank 46,724 54,083
66,278 72,883
CREDITORS
Amounts falling due within one year 7 40,836 46,642
NET CURRENT ASSETS 25,442 26,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,149

31,903

PROVISIONS FOR LIABILITIES 7,177 1,416
NET ASSETS 46,972 30,487

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,872 30,387
SHAREHOLDERS' FUNDS 46,972 30,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

JMD Plumbing & Heating (Cumbria) Ltd (Registered number: 11370172)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2024 and were signed by:





J M Donaldson - Director


JMD Plumbing & Heating (Cumbria) Ltd (Registered number: 11370172)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

JMD Plumbing & Heating (Cumbria) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 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 Statement of Income and Retained Earnings, 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.

JMD Plumbing & Heating (Cumbria) Ltd (Registered number: 11370172)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 5,075 14,414 19,489
Additions 1,904 34,131 36,035
Disposals - (14,414 ) (14,414 )
At 30 June 2024 6,979 34,131 41,110
DEPRECIATION
At 1 July 2023 2,834 10,993 13,827
Charge for year 1,036 8,533 9,569
Eliminated on disposal - (10,993 ) (10,993 )
At 30 June 2024 3,870 8,533 12,403
NET BOOK VALUE
At 30 June 2024 3,109 25,598 28,707
At 30 June 2023 2,241 3,421 5,662

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,249 14,718
Other debtors 1,305 1,082
18,554 15,800

JMD Plumbing & Heating (Cumbria) Ltd (Registered number: 11370172)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,707 20,613
Taxation and social security 14,929 18,749
Other creditors 17,200 7,280
40,836 46,642