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REGISTERED NUMBER: 10203436 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

L & J HEATING LIMITED

L & J HEATING LIMITED (REGISTERED NUMBER: 10203436)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L & J HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: J Evetts





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 10203436 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

L & J HEATING LIMITED (REGISTERED NUMBER: 10203436)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,812 10,415

CURRENT ASSETS
Debtors 5 92,664 77,574
Cash at bank - 3,235
92,664 80,809
CREDITORS
Amounts falling due within one year 6 82,400 65,556
NET CURRENT ASSETS 10,264 15,253
TOTAL ASSETS LESS CURRENT LIABILITIES 18,076 25,668

CREDITORS
Amounts falling due after more than one
year

7

(16,454

)

(23,574

)

PROVISIONS FOR LIABILITIES 9 (1,484 ) (1,979 )
NET ASSETS 138 115

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 38 15
SHAREHOLDERS' FUNDS 138 115

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

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

L & J HEATING LIMITED (REGISTERED NUMBER: 10203436)

BALANCE SHEET - continued
31ST MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th January 2025 and were signed by:





J Evetts - Director


L & J HEATING LIMITED (REGISTERED NUMBER: 10203436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

L & J Heating Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

L & J HEATING LIMITED (REGISTERED NUMBER: 10203436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 15,500
DEPRECIATION
At 1st June 2023 5,085
Charge for year 2,603
At 31st May 2024 7,688
NET BOOK VALUE
At 31st May 2024 7,812
At 31st May 2023 10,415

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 15,500
DEPRECIATION
At 1st June 2023 5,086
Charge for year 2,603
At 31st May 2024 7,689
NET BOOK VALUE
At 31st May 2024 7,811
At 31st May 2023 10,414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,796 3,240
Other debtors 86,868 74,334
92,664 77,574

L & J HEATING LIMITED (REGISTERED NUMBER: 10203436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,791 4,956
Hire purchase contracts 2,319 2,319
Trade creditors 10,819 14,364
Taxation and social security 59,471 42,917
Other creditors 1,000 1,000
82,400 65,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,779 17,580
Hire purchase contracts 3,675 5,994
16,454 23,574

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,556 5,957

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 5,994 8,313

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,484 1,979

Deferred
tax
£   
Balance at 1st June 2023 1,979
Credit to Income Statement during year (495 )
Balance at 31st May 2024 1,484

L & J HEATING LIMITED (REGISTERED NUMBER: 10203436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
J Evetts
Balance outstanding at start of year 58,367 50,491
Amounts advanced 59,674 63,509
Amounts repaid (52,634 ) (55,633 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,407 58,367