REGISTERED NUMBER: |
M J NICOLS PLUMBING & HEATING LIMITED |
Unaudited Financial Statements For The Year Ended 30 June 2024 |
REGISTERED NUMBER: |
M J NICOLS PLUMBING & HEATING LIMITED |
Unaudited Financial Statements For The Year Ended 30 June 2024 |
M J NICOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 06279166) |
Contents of the Financial Statements |
For The Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Report of the Accountants | 6 |
M J NICOLS PLUMBING & HEATING LIMITED |
Company Information |
For The Year Ended 30 June 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountant |
18 Norham Road |
Whitley Bay |
Tyne and Wear |
NE26 2SD |
M J NICOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 06279166) |
Balance Sheet |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director and authorised for issue on |
M J NICOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 06279166) |
Notes to the Financial Statements |
For The Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
M J Nicols Plumbing & Heating Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements |
There were no judgements made that were significant enough to warrant disclosure. |
Turnover |
Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the raising of a sales invoice on completion of work or on expected selling price on work part completed at the balance sheet date. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Stock consists of plumbing materials, and are valued at actual cost. Net realisable value exceeds the value of these products. |
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. |
Significant estimates |
There were no estimates made that were significant enough to warrant disclosure. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
M J NICOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 06279166) |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2023 |
and 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Other debtors relate solely to prepayments. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security | ( |
) |
Other creditors |
Included in other creditors are amounts owed to the Director, this year he was owed £117 (£13,786 - 2023). |
7. | FINANCIAL INSTRUMENTS |
Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value. |
8. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 3,268 | 4,357 |
M J NICOLS PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 06279166) |
Notes to the Financial Statements - continued |
For The Year Ended 30 June 2024 |
8. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 July 2023 |
Provided during year | ( |
) |
Balance at 30 June 2024 |
9. | RELATED PARTY DISCLOSURES |
No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities. |
M J NICOLS PLUMBING & HEATING LIMITED |
Report of the Accountants to the Director of |
M J Nicols Plumbing & Heating Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages three to ten and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Chartered Certified Accountant |
18 Norham Road |
Whitley Bay |
Tyne and Wear |
NE26 2SD |