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REGISTERED NUMBER: 03320779 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2024

FOR

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

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


JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr A P Jackson
Mr J P J Jackson
Mr P N Holland
Mr O A Neville





REGISTERED OFFICE: 2nd Floor, Unit 9
English Business Park
English Close
Hove
East Sussex
BN3 7ET





REGISTERED NUMBER: 03320779 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 1,400
Tangible assets 6 252,058 190,297
252,058 191,697

CURRENT ASSETS
Stocks 7 40,872 66,497
Debtors 8 2,442,049 1,823,475
Cash at bank 1,369,886 1,870,378
3,852,807 3,760,350
CREDITORS
Amounts falling due within one year 9 1,906,638 1,600,773
NET CURRENT ASSETS 1,946,169 2,159,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,198,227

2,351,274

PROVISIONS FOR LIABILITIES 10 21,580 24,066
NET ASSETS 2,176,647 2,327,208

CAPITAL AND RESERVES
Called up share capital 11 61 61
Capital redemption reserve 266 266
Other reserves 58,125 58,125
Retained earnings 2,118,195 2,268,756
SHAREHOLDERS' FUNDS 2,176,647 2,327,208

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mr A P Jackson - Director


JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Jackson Plumbing & Heating (Contractors) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover is measured based on stage of completion of the contracts after taking into account expected losses.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software are being amortised evenly over their estimated useful life of five years.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

All fixed assets are initially recorded at cost.

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 39 ) .

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 November 2023
and 31 October 2024 7,000
AMORTISATION
At 1 November 2023 5,600
Amortisation for year 1,400
At 31 October 2024 7,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 1,400

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 15,957 32,250 395,030 60,980 504,217
Additions 1,819 3,250 104,784 10,119 119,972
At 31 October 2024 17,776 35,500 499,814 71,099 624,189
DEPRECIATION
At 1 November 2023 10,915 28,617 230,971 43,417 313,920
Charge for year 1,409 984 50,839 4,979 58,211
At 31 October 2024 12,324 29,601 281,810 48,396 372,131
NET BOOK VALUE
At 31 October 2024 5,452 5,899 218,004 22,703 252,058
At 31 October 2023 5,042 3,633 164,059 17,563 190,297

7. STOCKS
2024 2023
£    £   
Stocks 40,872 66,497

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 982,127 426,216
Amounts recoverable on
contracts 1,180,670 1,194,802
Prepayments and accrued income 19,750 15,684
VAT 259,502 186,773
2,442,049 1,823,475

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,106,958 942,681
Corporation tax 384,656 309,912
PAYE and social security 62,505 54,173
Other creditors 279,541 241,850
Directors' current accounts 803 803
Accruals and deferred income 72,175 51,354
1,906,638 1,600,773

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 21,580 24,066

Deferred
tax
£   
Balance at 1 November 2023 24,066
Provided during year (2,486 )
Balance at 31 October 2024 21,580

JACKSON PLUMBING & HEATING (CONTRACTORS)
LIMITED (REGISTERED NUMBER: 03320779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
365 A Ordinary 1p 4 4
5,000 B Ordinary 1p 50 50
65 C Ordinary 1p 1 1
620 D Ordinary 1p 6 6
61 61