Company Registration No. 12619896 (England and Wales)
SJC HEATING & PLUMBING LTD
Unaudited accounts
for the year ended 31 May 2024
SJC HEATING & PLUMBING LTD
Unaudited accounts
Contents
SJC HEATING & PLUMBING LTD
Company Information
for the year ended 31 May 2024
Company Number
12619896 (England and Wales)
Registered Office
OFFICE 42 IMEX BUSINESS CENTRE
OXLEASOW ROAD
REDDITCH
B98 0RE
ENGLAND
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
SJC HEATING & PLUMBING LTD
Statement of financial position
as at 31 May 2024
Tangible assets
27,177
34,635
Cash at bank and in hand
5,252
-
Creditors: amounts falling due within one year
(26,303)
(41,466)
Net current (liabilities)/assets
(6,093)
4,398
Total assets less current liabilities
21,084
39,033
Creditors: amounts falling due after more than one year
(33,392)
(38,642)
Net (liabilities)/assets
(12,308)
391
Called up share capital
1
1
Profit and loss account
(12,309)
390
Shareholders' funds
(12,308)
391
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 February 2025 and were signed on its behalf by
Stephen Cooke
Director
Company Registration No. 12619896
SJC HEATING & PLUMBING LTD
Notes to the Accounts
for the year ended 31 May 2024
SJC HEATING & PLUMBING LTD is a private company, limited by shares, registered in England and Wales, registration number 12619896. The registered office is OFFICE 42 IMEX BUSINESS CENTRE, OXLEASOW ROAD, REDDITCH, B98 0RE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
25% Straight Line Method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
SJC HEATING & PLUMBING LTD
Notes to the Accounts
for the year ended 31 May 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
701
38,516
670
39,887
Disposals
-
(6,166)
-
(6,166)
At 31 May 2024
1,185
32,350
670
34,205
At 1 June 2023
140
4,776
336
5,252
Charge for the year
237
2,912
168
3,317
On disposals
-
(1,541)
-
(1,541)
At 31 May 2024
377
6,147
504
7,028
At 31 May 2024
808
26,203
166
27,177
At 31 May 2023
561
33,740
334
34,635
Amounts falling due within one year
Trade debtors
1,120
32,345
Accrued income and prepayments
50
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,908
6,011
Taxes and social security
(6,809)
(2,461)
Loans from directors
25,764
36,626
SJC HEATING & PLUMBING LTD
Notes to the Accounts
for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
33,392
38,642
8
Transactions with related parties
At the year end there was a balance of £25764 (2023 - £36626) owed to sole director, Mr Stephen Cooke.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).