IRIS Accounts Production v25.1.0.734 04875314 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048753142023-10-31048753142024-10-31048753142023-11-012024-10-31048753142022-10-31048753142022-11-012023-10-31048753142023-10-3104875314ns15:EnglandWales2023-11-012024-10-3104875314ns14:PoundSterling2023-11-012024-10-3104875314ns10:Director12023-11-012024-10-3104875314ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3104875314ns10:SmallEntities2023-11-012024-10-3104875314ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3104875314ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3104875314ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3104875314ns10:FullAccounts2023-11-012024-10-310487531412023-11-012024-10-3104875314ns10:Director22023-11-012024-10-3104875314ns10:CompanySecretary12023-11-012024-10-3104875314ns10:RegisteredOffice2023-11-012024-10-3104875314ns5:CurrentFinancialInstruments2024-10-3104875314ns5:CurrentFinancialInstruments2023-10-3104875314ns5:ShareCapital2024-10-3104875314ns5:ShareCapital2023-10-3104875314ns5:RetainedEarningsAccumulatedLosses2024-10-3104875314ns5:RetainedEarningsAccumulatedLosses2023-10-3104875314ns5:NetGoodwill2023-10-3104875314ns5:NetGoodwill2024-10-3104875314ns5:NetGoodwill2023-10-3104875314ns5:LandBuildings2023-10-3104875314ns5:PlantMachinery2023-10-3104875314ns5:LandBuildings2023-11-012024-10-3104875314ns5:PlantMachinery2023-11-012024-10-3104875314ns5:LandBuildings2024-10-3104875314ns5:PlantMachinery2024-10-3104875314ns5:LandBuildings2023-10-3104875314ns5:PlantMachinery2023-10-3104875314ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3104875314ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 04875314 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

P J Plumbing Heating & Maintenance
Limited

P J Plumbing Heating & Maintenance
Limited (Registered number: 04875314)






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


P J Plumbing Heating & Maintenance
Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: L Jarrett
Mrs C Jarrett





SECRETARY:





REGISTERED OFFICE: 116 Hellesdon Park Road
Drayton High Road
Norwich
Norfolk
NR6 5DR





REGISTERED NUMBER: 04875314 (England and Wales)





ACCOUNTANTS: Shaw & Co
Chartered Certified Accountants
3 Colegate
Norwich
Norfolk
NR3 1BN

P J Plumbing Heating & Maintenance
Limited (Registered number: 04875314)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 612,188 380,926
612,188 380,926

CURRENT ASSETS
Stocks 1,121,722 1,405,634
Debtors 6 2,563,851 637,236
Cash at bank and in hand 2,644,473 1,718,431
6,330,046 3,761,301
CREDITORS
Amounts falling due within one year 7 2,224,072 1,131,769
NET CURRENT ASSETS 4,105,974 2,629,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,718,162

3,010,458

PROVISIONS FOR LIABILITIES 57,697 66,107
NET ASSETS 4,660,465 2,944,351

P J Plumbing Heating & Maintenance
Limited (Registered number: 04875314)

Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 38 38
Retained earnings 4,660,427 2,944,313
4,660,465 2,944,351

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.

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 29 April 2025 and were signed on its behalf by:





L Jarrett - Director


P J Plumbing Heating & Maintenance
Limited (Registered number: 04875314)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

P J Plumbing Heating & Maintenance 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 20% reducing balance
Motor vehicles - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


P J Plumbing Heating & Maintenance
Limited (Registered number: 04875314)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

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 30 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 50,000
AMORTISATION
At 1 November 2023
and 31 October 2024 50,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

P J Plumbing Heating & Maintenance
Limited (Registered number: 04875314)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 116,500 518,419 634,919
Additions 264,900 39,232 304,132
At 31 October 2024 381,400 557,651 939,051
DEPRECIATION
At 1 November 2023 - 253,995 253,995
Charge for year - 72,868 72,868
At 31 October 2024 - 326,863 326,863
NET BOOK VALUE
At 31 October 2024 381,400 230,788 612,188
At 31 October 2023 116,500 264,424 380,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,530,660 494,502
Other debtors 1,033,191 142,734
2,563,851 637,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1,433,287 903,408
Taxation and social security 710,311 93,827
Other creditors 80,474 134,534
2,224,072 1,131,769