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Company Registration No. 13795442 (England and Wales)
J Talbot Plumbing&heating Ltd Unaudited accounts for the year ended 31 December 2024
J Talbot Plumbing&heating Ltd Unaudited accounts Contents
Page
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J Talbot Plumbing&heating Ltd Company Information for the year ended 31 December 2024
Director
James Francis Talbot
Company Number
13795442 (England and Wales)
Registered Office
26 Quantock Road Southampton SO16 4AJ England
Accountants
365 Accounts Ltd 44 Brookwood Road Southampton Hampshire SO16 9AJ
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J Talbot Plumbing&heating Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,400 
6,600 
Tangible assets
19,756 
18,258 
24,156 
24,858 
Current assets
Debtors
42,388 
30,778 
Cash at bank and in hand
12,707 
16,070 
55,095 
46,848 
Creditors: amounts falling due within one year
(78,808)
(55,334)
Net current liabilities
(23,713)
(8,486)
Net assets
443 
16,372 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
442 
16,371 
Shareholders' funds
443 
16,372 
For the year ending 31 December 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 19 March 2025 and were signed on its behalf by
James Francis Talbot Director Company Registration No. 13795442
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J Talbot Plumbing&heating Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
J Talbot Plumbing&heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 13795442. The registered office is 26 Quantock Road, , Southampton, SO16 4AJ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 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
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
33.33% Reducing Balance Method
Intangible fixed assets
Intangible fixed assets (including goodwill and patents) are included at cost less accumulated amortisation. Intangibles are amortised over their useful life of 5 years on a straight line basis.
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J Talbot Plumbing&heating Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
11,000 
At 31 December 2024
11,000 
Amortisation
At 1 January 2024
4,400 
Charge for the year
2,200 
At 31 December 2024
6,600 
Net book value
At 31 December 2024
4,400 
At 31 December 2023
6,600 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
9,542 
20,000 
1,708 
31,250 
Additions
669 
6,667 
- 
7,336 
At 31 December 2024
10,211 
26,667 
1,708 
38,586 
Depreciation
At 1 January 2024
3,642 
8,750 
600 
12,992 
Charge for the year
1,545 
3,924 
369 
5,838 
At 31 December 2024
5,187 
12,674 
969 
18,830 
Net book value
At 31 December 2024
5,024 
13,993 
739 
19,756 
At 31 December 2023
5,900 
11,250 
1,108 
18,258 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,919 
15,507 
Other debtors
13,469 
15,271 
42,388 
30,778 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(733)
764 
Trade creditors
2,402 
- 
Taxes and social security
4,582 
8,007 
Loans from directors
72,557 
46,563 
78,808 
55,334 
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J Talbot Plumbing&heating Ltd Notes to the Accounts for the year ended 31 December 2024
8
Loans to directors
During the year the company maintained a loan account with its director Mr. James Francis Talbot . As at the year end date the company owed its director Mr. James Francis Talbot  £72,557 (2023 - £46,563).
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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