06253798falsePlumbing and Heating Engineers2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06253798

P & J Plumbing & Heating (Lincs) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

P & J Plumbing & Heating (Lincs) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Simon Groves
Hayley Elizabeth Morris
REGISTERED OFFICE
2 Sapphire Close
Orby
Skegness
Lincolnshire
PE24 5HU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06253798
BANKERS
NatWest
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

P & J Plumbing & Heating (Lincs) Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

P & J Plumbing & Heating (Lincs) Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets25,1386,860
CURRENT ASSETS
Stock3,3003,250
Debtors48797,893
Cash at bank and in hand61,87020,921
66,04932,064
CREDITORS: Amounts falling due within one year550,28232,615
NET CURRENT ASSETS / (LIABILITIES)15,767(551)
TOTAL ASSETS LESS CURRENT LIABILITIES20,9056,309
PROVISIONS FOR LIABILITIES AND CHARGES79761,303
NET ASSETS19,9295,006
CAPITAL AND RESERVES
Called up share capital844
Profit and loss account19,9255,002
SHAREHOLDERS' FUNDS19,9295,006
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/01/2025 and signed on their behalf by
.............................
Simon Groves
Director

P & J Plumbing & Heating (Lincs) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

P & J Plumbing & Heating (Lincs) Ltd

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/04/202342,99883343,831
At 31/03/202442,99883343,831
Depreciation
At 01/04/202336,60736436,971
For the year1,6051171,722
At 31/03/202438,21248138,693
Net Book Amounts
At 31/03/20244,7863525,138
At 31/03/20236,3914696,860
3. STOCK 20242023
££
Stock comprises:
Stock3,3003,250
3,3003,250
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-6,849
Prepayments8791,044
8797,893

P & J Plumbing & Heating (Lincs) Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax24,3445,308
VAT16,4337,087
PAYE control2,661-
Directors Current Account 3,75915,030
Trade creditors1,4433,603
Accruals1,6421,587
50,28232,615
Included in creditors falling due within one year is a hire purchase agreement which is secured by the company against the asset to which it relates.
6. EMPLOYEES
20242023
No.No.
Average number of employees23
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation9761,303
9761,303
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44