MJM Plumbing And Heating (Hull) Limited


Directors	M Morfitt
	N Morfitt


Registered Address	90 Ancaster Avenue
	Hull
	HU5 4QS


Registered Number	11495851 (England and Wales)

Statement of Financial Position
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		2,078		-
Tangible assets	4		308		708
			2,386		708
Current assets
Debtors	5	5,279		1,905
Cash at bank and on hand		9,622		10,193
		14,901		12,098
Creditors amounts falling due within one year	6	(11,020)		(8,324)
Net current assets (liabilities)			3,881		3,774
Total assets less current liabilities			6,267		4,482
Creditors amounts falling due after one year	7		(333)		(2,333)
Provisions for liabilities	8		(58)		(134)
Net assets			5,876		2,015
Capital and reserves
Called up share capital			100		100
Profit and loss account			5,776		1,915
Shareholders' funds			5,876		2,015

The company was entitled to exemption from audit for this reporting period 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 6 November 2025, and are signed on its behalf by:

M Morfitt
Director
Registered Company No. 11495851

MJM Plumbing And Heating (Hull) Limited

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Intangible assets are written off over a period of 10 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Vehicles	4

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	2,168	2,168
At 31 August 25	2,168	2,168
Amortisation and impairment
Charge for year	90	90
At 31 August 25	90	90
Net book value
At 31 August 25	2,078	2,078
At 31 August 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 September 24	2,000	5,250	7,250
At 31 August 25	2,000	5,250	7,250
Depreciation and impairment
At 01 September 24	1,292	5,250	6,542
Charge for year	400	-	400
At 31 August 25	1,692	5,250	6,942
Net book value
At 31 August 25	308	-	308
At 31 August 24	708	-	708

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,530	-
Prepayments and accrued income	749	1,905
Total	5,279	1,905


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	6,723	3,767
Bank borrowings and overdrafts	2,000	2,000
Amounts owed to related parties	30	22
Taxation and social security	2,267	2,535
Total	11,020	8,324


	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. Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £2,000 (2024 £2,000) which is denominated in sterling. There are no fees or interest payable for the first 12 months, and thereafter the loan carries a nominal interest rate of 2.5%. The loan is repayable over 6 years, with no repayments in the first year, and with the final instalment due in 5 October 2026. The overall carrying value of the loan as at the year-end is £2,333 (2024 £4,333).

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.

Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £2,000 (2024 £2,000) which is denominated in sterling. There are no fees or interest payable for the first 12 months, and thereafter the loan carries a nominal interest rate of 2.5%. The loan is repayable over 6 years, with no repayments in the first year, and with the final instalment due in 5 October 2026.

The overall carrying value of the loan as at the year-end is £2,333 (2024 £4,333).

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	333	2,333
Total	333	2,333


	Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £333 (2024 £2,333) which is denominated in sterling. There are no fees or interest payable for the first 12 months, and thereafter the loan carries a nominal interest rate of 2.5%. The loan is repayable over 6 years, with no repayments in the first year, and with the final instalment due in 5 October 2026. The overall carrying value of the loan as at the year-end is £2,333 (2024 £6,333).

Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £333 (2024 £2,333) which is denominated in sterling. There are no fees or interest payable for the first 12 months, and thereafter the loan carries a nominal interest rate of 2.5%. The loan is repayable over 6 years, with no repayments in the first year, and with the final instalment due in 5 October 2026.

The overall carrying value of the loan as at the year-end is £2,333 (2024 £6,333).

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	58	134
Total	58	134