3 01/08/2023 31/07/2024 2024-07-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-08-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10888014 2023-08-01 2024-07-31 10888014 2024-07-31 10888014 2023-07-31 10888014 2022-08-01 2023-07-31 10888014 2023-07-31 10888014 2022-07-31 10888014 core:PlantMachinery 2023-08-01 2024-07-31 10888014 core:MotorVehicles 2023-08-01 2024-07-31 10888014 bus:RegisteredOffice 2023-08-01 2024-07-31 10888014 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 10888014 bus:Director1 2023-08-01 2024-07-31 10888014 core:PlantMachinery 2023-07-31 10888014 core:MotorVehicles 2023-07-31 10888014 core:PlantMachinery 2024-07-31 10888014 core:FurnitureFittingsToolsEquipment 2024-07-31 10888014 core:MotorVehicles 2024-07-31 10888014 core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 10888014 core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 10888014 core:WithinOneYear 2024-07-31 10888014 core:WithinOneYear 2023-07-31 10888014 core:ShareCapital 2024-07-31 10888014 core:ShareCapital 2023-07-31 10888014 core:RetainedEarningsAccumulatedLosses 2024-07-31 10888014 core:RetainedEarningsAccumulatedLosses 2023-07-31 10888014 core:ShareCapital 2022-07-31 10888014 core:RetainedEarningsAccumulatedLosses 2022-07-31 10888014 core:PreviouslyStatedAmount core:ShareCapital 2024-07-31 10888014 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 10888014 core:PlantMachinery 2023-07-31 10888014 core:MotorVehicles 2023-07-31 10888014 bus:SmallEntities 2023-08-01 2024-07-31 10888014 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10888014 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10888014 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10888014 bus:FullAccounts 2023-08-01 2024-07-31 10888014 1 2023-08-01 2024-07-31
Company registration number: 10888014
J C M HEATING & PLUMBING LTD
Unaudited financial statements
31 July 2024
J C M HEATING & PLUMBING LTD
Contents
Directors and other information
Director's report
Accountant's report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
J C M HEATING & PLUMBING LTD
Directors and other information
Director Mr J Miles
Company number 10888014
Registered office 2 Kenwood Road
Corringham
Stanford le hope
Essex
SS17 9AY
Business address 2 Kenwood Road
Corringham
Stanford ele Hope
Essex
SS17 9AY
Accountant A W Fenn & Co
15 Lampits Hill
Corringham
Stanford le Hope
Essex
SS17 9AA
Bankers Barclays
High Street
Romford
Essex
J C M HEATING & PLUMBING LTD
Director's report
Year ended 31st July 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31st July 2024.
Director
The director who served the company during the year was as follows:
Mr J Miles
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 17 January 2025 and signed on behalf of the board by:
Mr J Miles
Director
J C M HEATING & PLUMBING LTD
Report to the director on the preparation of the
unaudited statutory financial statements of J C M HEATING & PLUMBING LTD
Year ended 31st July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of J C M HEATING & PLUMBING LTD for the year ended 31st July 2024 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of J C M HEATING & PLUMBING LTD, as a body, in accordance with the terms of my engagement letter dated 7th March 2022. My work has been undertaken solely to prepare for your approval the financial statements of J C M HEATING & PLUMBING LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than J C M HEATING & PLUMBING LTD and its director as a body for my work or for this report.
It is your duty to ensure that J C M HEATING & PLUMBING LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J C M HEATING & PLUMBING LTD. You consider that J C M HEATING & PLUMBING LTD is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of J C M HEATING & PLUMBING LTD. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
A W Fenn & Co
Chartered Certified Accountants
15 Lampits Hill
Corringham
Stanford le Hope
Essex
SS17 9AA
21st January 2025
J C M HEATING & PLUMBING LTD
Statement of comprehensive income
Year ended 31st July 2024
2024 2023
Note £ £
Turnover 396,179 471,287
Cost of sales ( 241,360) ( 281,437)
_______ _______
Gross profit 154,819 189,850
Administrative expenses ( 71,326) ( 61,770)
_______ _______
Operating profit 83,493 128,080
Interest payable and similar expenses - ( 7)
_______ _______
Profit before taxation 5 83,493 128,073
Tax on profit ( 18,634) ( 26,342)
_______ _______
Profit for the financial year and total comprehensive income 64,859 101,731
_______ _______
All the activities of the company are from continuing operations.
J C M HEATING & PLUMBING LTD
Statement of financial position
31st July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 2,828 2,883
_______ _______
2,828 2,883
Current assets
Debtors 7 28,709 123,669
Cash at bank and in hand 125,977 55,265
_______ _______
154,686 178,934
Creditors: amounts falling due
within one year 8 ( 20,226) ( 60,862)
_______ _______
Net current assets 134,460 118,072
_______ _______
Total assets less current liabilities 137,288 120,955
Provisions for liabilities ( 622) ( 548)
_______ _______
Net assets 136,666 120,407
_______ _______
Capital and reserves
Called up share capital 3 3
Profit and loss account 136,663 120,404
_______ _______
Shareholders funds 136,666 120,407
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 17 January 2025 , and are signed on behalf of the board by:
Mr J Miles
Director
Company registration number: 10888014
J C M HEATING & PLUMBING LTD
Statement of changes in equity
Year ended 31st July 2024
Called up share capital Profit and loss account Total
£ £ £
At 1st August 2022 3 67,333 67,336
Profit for the year 101,731 101,731
_______ _______ _______
Total comprehensive income for the year - 101,731 101,731
Dividends paid and payable ( 48,660) ( 48,660)
_______ _______ _______
Total investments by and distributions to owners - ( 48,660) ( 48,660)
_______ _______ _______
At 31st July 2023 and 1st August 2023 3 120,404 120,407
Profit for the year 64,859 64,859
_______ _______ _______
Total comprehensive income for the year - 64,859 64,859
Dividends paid and payable ( 48,600) ( 48,600)
_______ _______ _______
Total investments by and distributions to owners - ( 48,600) ( 48,600)
_______ _______ _______
At 31st July 2024 3 136,663 136,666
_______ _______ _______
J C M HEATING & PLUMBING LTD
Notes to the financial statements
Year ended 31st July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Kenwood Road, Corringham, Stanford le hope, Essex, SS17 9AY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - written off over 3 years
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 1,054 961
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1st August 2023 1,250 - 11,151 12,401
Additions - 999 - 999
_______ _______ _______ _______
At 31st July 2024 1,250 999 11,151 13,400
_______ _______ _______ _______
Depreciation
At 1st August 2023 1,013 - 8,505 9,518
Charge for the year 59 333 662 1,054
_______ _______ _______ _______
At 31st July 2024 1,072 333 9,167 10,572
_______ _______ _______ _______
Carrying amount
At 31st July 2024 178 666 1,984 2,828
_______ _______ _______ _______
At 31st July 2023 237 - 2,646 2,883
_______ _______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 28,468 114,229
Other debtors 241 9,440
_______ _______
28,709 123,669
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 32,957
Corporation tax 18,560 26,524
Social security and other taxes 385 -
Other creditors 1,281 1,381
_______ _______
20,226 60,862
_______ _______
9. Related party transactions
The company paid dividends totalling £48,600 (2023 £48,660) the serving director receives dividends.
10. Controlling party
The company is controlled by its director Mr J Miles .