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REGISTERED NUMBER: SC573504 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

John the Plumber Ltd

John the Plumber Ltd (Registered number: SC573504)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


John the Plumber Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Scott





SECRETARY:





REGISTERED OFFICE: 191 Station Road
Shotts
North Lanarkshire
ML7 4BA





REGISTERED NUMBER: SC573504 (Scotland)





ACCOUNTANTS: EAC Accountancy Limited
191 Station Road
Shotts
North Lanarkshire
ML7 4BA

John the Plumber Ltd (Registered number: SC573504)

Report of the Director
for the Year Ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of plumbing and bathroom installation.

DIRECTOR
J Scott held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Scott - Director


12 August 2024

John the Plumber Ltd (Registered number: SC573504)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 70,576 63,349

Cost of sales 27,341 31,168
GROSS PROFIT 43,235 32,181

Administrative expenses 27,048 25,662
OPERATING PROFIT 4 16,187 6,519


Interest payable and similar
expenses

1,315

1,052
PROFIT BEFORE TAXATION 14,872 5,467

Tax on profit 988 -
PROFIT FOR THE FINANCIAL YEAR 13,884 5,467

John the Plumber Ltd (Registered number: SC573504)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,758 9,011

CURRENT ASSETS
Debtors 6 9,860 9,500

CREDITORS
Amounts falling due within one year 7 16,897 18,296
NET CURRENT LIABILITIES (7,037 ) (8,796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(279

)

215

CREDITORS
Amounts falling due after more than
one year

8

8,000

11,550
NET LIABILITIES (8,279 ) (11,335 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (8,280 ) (11,336 )
(8,279 ) (11,335 )

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

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

John the Plumber Ltd (Registered number: SC573504)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





J Scott - Director


John the Plumber Ltd (Registered number: SC573504)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

John the Plumber Ltd is a private company, limited by shares , registered in Scotland. 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 25% reducing balance in order to write off each asset over its estimated useful life.

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.

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 1 (2023 - 1 ) .

John the Plumber Ltd (Registered number: SC573504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 2,253 3,004

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 21,360
DEPRECIATION
At 1 April 2023 12,349
Charge for year 2,253
At 31 March 2024 14,602
NET BOOK VALUE
At 31 March 2024 6,758
At 31 March 2023 9,011

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,860 9,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,444 8,961
Hire purchase contracts 2,975 5,100
Trade creditors 998 935
Taxation and social security 3,480 3,300
16,897 18,296

John the Plumber Ltd (Registered number: SC573504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 8,000 9,000
Hire purchase contracts - 2,550
8,000 11,550