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REGISTERED NUMBER: 04194298 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

J & T PLUMBERS LIMITED

J & T PLUMBERS LIMITED (REGISTERED NUMBER: 04194298)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & T PLUMBERS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: J Heywood
G Metcalfe





SECRETARY: Mrs B M Metcalfe





REGISTERED OFFICE: Unit 7 Woodland Park Industrial Park
Shortthorn Road
Stratton Strawless
Norwich
Norfolk
NR10 5NU





REGISTERED NUMBER: 04194298 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

J & T PLUMBERS LIMITED (REGISTERED NUMBER: 04194298)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 18,820 25,094
18,821 25,095

CURRENT ASSETS
Stocks 17,000 17,000
Debtors 6 234,681 263,534
Cash at bank 180,956 170,901
432,637 451,435
CREDITORS
Amounts falling due within one year 7 172,803 231,966
NET CURRENT ASSETS 259,834 219,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,655

244,564

CREDITORS
Amounts falling due after more than one
year

8

-

(2,723

)

PROVISIONS FOR LIABILITIES (4,700 ) (6,300 )
NET ASSETS 273,955 235,541

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 273,855 235,441
273,955 235,541

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J & T PLUMBERS LIMITED (REGISTERED NUMBER: 04194298)

BALANCE SHEET - continued
31 October 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 Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





J Heywood - Director


J & T PLUMBERS LIMITED (REGISTERED NUMBER: 04194298)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

J & T Plumbers 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation on fixed assets is provided at rates estimated to write off the cost of revalued amounts, less estimated residual value, of each asset over its expected useful life as follows.


Plant & machinery 25% reducing balance per year

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

J & T PLUMBERS LIMITED (REGISTERED NUMBER: 04194298)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 15,000
AMORTISATION
At 1 November 2023
and 31 October 2024 14,999
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 69,974
DEPRECIATION
At 1 November 2023 44,880
Charge for year 6,274
At 31 October 2024 51,154
NET BOOK VALUE
At 31 October 2024 18,820
At 31 October 2023 25,094

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 156,231 138,728
Amounts recoverable on contract 39,896 77,465
Other debtors 38,554 47,341
234,681 263,534

J & T PLUMBERS LIMITED (REGISTERED NUMBER: 04194298)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,334 2,345
Hire purchase contracts 23,648 -
Trade creditors 62,836 128,745
Taxation and social security 64,677 47,710
Other creditors 20,308 53,166
172,803 231,966

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2,723

The bank loans and overdraft are secured by a fixed and floating charge over the company's assets.