Registered number
08367589
Johnson and Edwards Plumbing and Heating Ltd
Filleted Accounts
31 January 2025
Johnson and Edwards Plumbing and Heating Ltd
Registered number: 08367589
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 13,421 16,547
Current assets
Stocks 2,500 500
Debtors 4 74,316 104,581
Cash at bank and in hand 14,328 9,922
91,144 115,003
Creditors: amounts falling due within one year 5 (50,143) (78,151)
Net current assets 41,001 36,852
Total assets less current liabilities 54,422 53,399
Creditors: amounts falling due after more than one year 6 (7,000) (13,000)
Provisions for liabilities (2,259) (2,259)
Net assets 45,163 38,140
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,063 38,040
Shareholders' funds 45,163 38,140
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Johnson
Director
Approved by the board on 21 May 2025
Johnson and Edwards Plumbing and Heating Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 11,254 28,850 40,104
Additions 787 - 787
At 31 January 2025 12,041 28,850 40,891
Depreciation
At 1 February 2024 7,449 16,108 23,557
Charge for the year 727 3,186 3,913
At 31 January 2025 8,176 19,294 27,470
Net book value
At 31 January 2025 3,865 9,556 13,421
At 31 January 2024 3,805 12,742 16,547
4 Debtors 2025 2024
£ £
Trade debtors 61,675 73,800
Other debtors 12,641 30,781
74,316 104,581
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 6,000 6,000
Trade creditors 10,991 40,705
Taxation and social security costs 28,795 26,982
Other creditors 4,357 4,464
50,143 78,151
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 7,000 13,000
7 Other information
Johnson and Edwards Plumbing and Heating Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Silvana Gardens
Whittington Road
Gobowen
Shropshire
SY11 3QT
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