Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 06056390 Mr James Lacey J.Lacey Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06056390 2024-01-31 06056390 2025-01-31 06056390 2024-02-01 2025-01-31 06056390 frs-core:CurrentFinancialInstruments 2025-01-31 06056390 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 06056390 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 06056390 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 06056390 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 06056390 frs-core:MotorVehicles 2025-01-31 06056390 frs-core:MotorVehicles 2024-02-01 2025-01-31 06056390 frs-core:MotorVehicles 2024-01-31 06056390 frs-core:PlantMachinery 2025-01-31 06056390 frs-core:PlantMachinery 2024-02-01 2025-01-31 06056390 frs-core:PlantMachinery 2024-01-31 06056390 frs-core:ShareCapital 2025-01-31 06056390 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 06056390 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06056390 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 06056390 frs-bus:SmallEntities 2024-02-01 2025-01-31 06056390 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 06056390 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 06056390 1 2024-02-01 2025-01-31 06056390 frs-bus:Director1 2024-02-01 2025-01-31 06056390 frs-countries:EnglandWales 2024-02-01 2025-01-31 06056390 2023-01-31 06056390 2024-01-31 06056390 2023-02-01 2024-01-31 06056390 frs-core:CurrentFinancialInstruments 2024-01-31 06056390 frs-core:ShareCapital 2024-01-31 06056390 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 06056390
JLN Plumbing & Heating Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Oxygen Accountancy
Business Advisors and Taxation Specialists
2 The Coach House
Hatton House, Hatton
Warwick
Warwickshire
CV35 7LD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06056390
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 298,494 300,188
298,494 300,188
CURRENT ASSETS
Stocks 5 7,250 7,250
Debtors 6 248,999 179,881
Cash at bank and in hand 104,923 98,155
361,172 285,286
Creditors: Amounts Falling Due Within One Year 7 (367,489 ) (353,245 )
NET CURRENT ASSETS (LIABILITIES) (6,317 ) (67,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES 292,177 232,229
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,036 ) (3,036 )
NET ASSETS 289,141 229,193
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 289,041 229,093
SHAREHOLDERS' FUNDS 289,141 229,193
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Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Lacey
Director
9th May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
JLN Plumbing & Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06056390 . The registered office is 9 Elm Court, Meriden Business Park, Copse Drive , Coventry, Warwickshire, CV5 9RG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold over 50 years
Leasehold over lease term
Plant & Machinery over 5 years
Motor Vehicles over 5 years
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2024: 15)
22 15
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 February 2024 249,781 63,870 257,164 570,815
Additions - 5,157 8,530 13,687
As at 31 January 2025 249,781 69,027 265,694 584,502
Depreciation
As at 1 February 2024 - 56,179 214,448 270,627
Provided during the period - 2,570 12,811 15,381
As at 31 January 2025 - 58,749 227,259 286,008
...CONTINUED
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Net Book Value
As at 31 January 2025 249,781 10,278 38,435 298,494
As at 1 February 2024 249,781 7,691 42,716 300,188
5. Stocks
2025 2024
£ £
Stock 7,250 7,250
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 79,709 55,348
Other debtors 15,507 15,507
Amounts owed by group undertakings 153,783 109,026
248,999 179,881
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 147,598 84,301
Bank loans and overdrafts 104,300 127,059
Corporation tax 42,454 22,525
Other taxes and social security 50,985 54,347
Other creditors 5,114 4,815
Director's loan account 17,038 60,198
367,489 353,245
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is J.Lacey Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.
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