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REGISTERED NUMBER: 10972390 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

JM Heating Services Limited

JM Heating Services Limited (Registered number: 10972390)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JM Heating Services Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr J H Madhani





REGISTERED OFFICE: 164 Mollison Way
Edgware
Middlesex
HA8 5QZ





REGISTERED NUMBER: 10972390 (England and Wales)





ACCOUNTANTS: L P Patel & Co Limited
Accountants & Tax Advisers
164 Mollison Way
Edgware
Middlesex
HA8 5QZ

JM Heating Services Limited (Registered number: 10972390)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,796 10,995

CURRENT ASSETS
Debtors 5 3,620 4,961
Cash at bank and in hand 5,776 21,303
9,396 26,264
CREDITORS
Amounts falling due within one year 6 17,227 24,413
NET CURRENT (LIABILITIES)/ASSETS (7,831 ) 1,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

965

12,846

CREDITORS
Amounts falling due after more than one
year

7

-

600
NET ASSETS 965 12,246

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 865 12,146
SHAREHOLDERS' FUNDS 965 12,246

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

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

JM Heating Services Limited (Registered number: 10972390)

Balance Sheet - continued
30 September 2024


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 23 June 2025 and were signed by:





Mr J H Madhani - Director


JM Heating Services Limited (Registered number: 10972390)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

JM Heating Services 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
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JM Heating Services Limited (Registered number: 10972390)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. PROPERTY, PLANT AND EQUIPMENT
Tools and Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 4,298 21,314 2,653 28,265
DEPRECIATION
At 1 October 2023 3,172 12,584 1,514 17,270
Charge for year 225 1,746 228 2,199
At 30 September 2024 3,397 14,330 1,742 19,469
NET BOOK VALUE
At 30 September 2024 901 6,984 911 8,796
At 30 September 2023 1,126 8,730 1,139 10,995

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 21,314
DEPRECIATION
At 1 October 2023 12,584
Charge for year 1,746
At 30 September 2024 14,330
NET BOOK VALUE
At 30 September 2024 6,984
At 30 September 2023 8,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 3,394 4,736
Other debtors 226 225
3,620 4,961

JM Heating Services Limited (Registered number: 10972390)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 600 2,400
Trade creditors 4,227 8,561
Taxation and social security 7,925 11,077
Other creditors 4,475 2,375
17,227 24,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 600

8. DEFERRED TAX
£   
Balance at 1 October 2023 (225 )
Accelerated capital allowances (1 )
Balance at 30 September 2024 (226 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 12,146
Profit for the year 26,719
Dividends (38,000 )
At 30 September 2024 865