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REGISTERED NUMBER: 06279166 (England and Wales)















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: M J Nicols





SECRETARY: Mrs J C Nicols





REGISTERED OFFICE: 13 Berkley Avenue
Blaydon
Tyne and Wear
NE21 5NN





REGISTERED NUMBER: 06279166 (England and Wales)





ACCOUNTANTS: Ron Joyce Ltd
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 17,200 22,933

CURRENT ASSETS
Stocks 825 600
Debtors 5 6,358 10,758
Cash at bank and in hand 40,753 25,231
47,936 36,589
CREDITORS
Amounts falling due within one year 6 13,518 16,824
NET CURRENT ASSETS 34,418 19,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,618

42,698

PROVISIONS FOR LIABILITIES 8 3,268 4,357
NET ASSETS 48,350 38,341

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48,349 38,340
SHAREHOLDERS' FUNDS 48,350 38,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 12 March 2025 and were signed by:



M J Nicols - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 2 (2023 - 2 ) .

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 1,496 30,500 852 32,848
DEPRECIATION
At 1 July 2023 1,450 7,625 840 9,915
Charge for year 11 5,719 3 5,733
At 30 June 2024 1,461 13,344 843 15,648
NET BOOK VALUE
At 30 June 2024 35 17,156 9 17,200
At 30 June 2023 46 22,875 12 22,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,781 10,093
Other debtors 577 665
6,358 10,758

Other debtors relate solely to prepayments.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 660 -
Taxation and social security 6,065 (2,147 )
Other creditors 6,793 18,971
13,518 16,824

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 4,357
Provided during year (1,089 )
Balance at 30 June 2024 3,268

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.






Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


13 March 2025