Jamie Dillon Plumbing & Heating Ltd Accounts






Jamie Dillon Plumbing & Heating Ltd

	Company No. SC650212
		Information for Filing with The Registrar
		31 December 2024

The Director presents his report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was plumbing, heat and air-conditioning installation.




Director

The Director who served at any time during the year was as follows:

J.H. Dillon









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J.H. Dillon
Director
16 May 2025

at	31 December 2024
Company No.		SC650212	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	18,808	8,927


				18,808	8,927
Current assets
	Stocks		5	22,000	22,000
	Debtors		6	69,414	80,575

	Cash at bank and in hand			10,574	1,127
				101,988	103,702
Creditors: Amount falling due within one year			7	(110,265)	(100,922)
Net current (liabilities)/assets				(8,277)	2,780
Total assets less current liabilities				10,531	11,707
Creditors: Amounts falling due after more than one year			8	(12,531)	(11,607)



Net (liabilities)/assets				(2,000)	100

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		10	(2,100)	-

Total equity				(2,000)	100



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 16 May 2025 and signed on its behalf by:
J.H. Dillon
Director
16 May 2025

for the year ended 31 December 2024

General information

Jamie Dillon Plumbing & Heating Ltd is a private company limited by shares and incorporated in Scotland.

Its registered number is: SC650212

Its registered office is:

3 Queen Street

Edinburgh

Scotland

EH2 1JE

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

20% reducing balance

Furniture, fittings and equipment

20% reducing balance

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 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 inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	4	3

4	Tangible fixed assets
			Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 January 2024	19,213	457	19,670
		Additions	14,583	-	14,583



		At 31 December 2024	33,796	457	34,253
		Depreciation
		At 1 January 2024	10,473	270	10,743
		Charge for the year	4,665	37	4,702



		At 31 December 2024	15,138	307	15,445
		Net book values
		At 31 December 2024	18,658	150	18,808
		At 31 December 2023	8,740	187	8,927

5	Stocks
			2024	2023
			£	£

		Work in progress	22,000	22,000

			22,000	22,000

6	Debtors
			2024	2023
			£	£
		Trade debtors	32,485	52,675



		VAT recoverable	1,869	1,744
		Loans to directors	9,086	1,554
		Other debtors	25,974	24,602

			69,414	80,575

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£

		Bank loans and overdrafts	7,606	7,606

		Obligations under finance lease and hire purchase contracts	5,963	1,607
		Trade creditors	84,195	83,171

		Taxes and social security	12,501	8,538



			110,265	100,922

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£

		Bank loans and overdrafts	4,061	11,061

		Obligations under finance lease and hire purchase contracts	8,384	546


		Other creditors	86	-

			12,531	11,607

Share Capital

100 ordinary shares fully paid at £1 per share.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

11	Dividends
			2024	2023
			£	£
		Dividends for the period:
		Dividends paid in the period	-	33,760

			-	33,760

		Dividends by type:

		Equity dividends	-	33,760
			-	33,760