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Registered Number: 11317681
England and Wales

 

 

 

JMF HEATING AND PLUMBING LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
Director Mr J M Finlay
Registered Number 11317681
Registered Office 21 Lancelot Way
Amesbury
Salisbury
SP4 7FZ
Accountants Numeric Accounting Limited
Chartered Certified Accountants
Suite 1, The Portway Centre,
Old Sarum Park, Old Sarum
Salisbury
SP4 6EB
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 3,202    3,533 
3,202    3,533 
Current assets      
Stocks 4 548    390 
Debtors: amounts falling due within one year 5 6,608    10,934 
Cash at bank and in hand 30,086    23,565 
37,242    34,889 
Creditors: amount falling due within one year 6 (37,486)   (35,052)
Net current assets (244)   (163)
 
Total assets less current liabilities 2,958    3,370 
Provisions for liabilities 7 (608)   (671)
Net assets 2,350    2,699 
 

Capital and reserves
     
Called up share capital 8 110    110 
Profit and loss account 2,240    2,589 
Shareholders' funds 2,350    2,699 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 05 December 2025 and were signed by:


-------------------------------
Mr J M Finlay
Director
2
General Information
JMF Heating and Plumbing Ltd is a private company, limited by shares, registered in England and Wales, registration number 11317681, registration address 21 Lancelot Way, Amesbury, Salisbury, SP4 7FZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Cost of sales
The cost of sales is the accumulated total of all costs used to create a product or service, which has been sold.
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 taxation
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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
2.

Average number of employees

Average number of employees during the year was 1 (2024 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 April 2024 6,161    6,470    1,715    14,346 
Additions 1,409        1,409 
Disposals      
At 31 March 2025 7,570    6,470    1,715    15,755 
Depreciation
At 01 April 2024 4,963    5,095    755    10,813 
Charge for year 832    343    565    1,740 
On disposals      
At 31 March 2025 5,795    5,438    1,320    12,553 
Net book values
Closing balance as at 31 March 2025 1,775    1,032    395    3,202 
Opening balance as at 01 April 2024 1,198    1,375    960    3,533 


4.

Stocks

2025
£
  2024
£
Stocks 548    390 
548    390 

5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 5,665    6,015 
Prepayments & Accrued Income 598    486 
Other Debtors   4,433 
Over Acccrual 345   
6,608    10,934 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 6,124   
Bank Loans & Overdraft 842    3,923 
Corporation Tax 6,017    6,537 
PAYE & Social Security 219   
Other Creditors 373    735 
Directors' Current Accounts 22,482    23,530 
VAT 1,429    327 
37,486    35,052 

7.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 608    671 
608    671 

8.

Share Capital

Allotted, called up and fully paid
2025
£
  2024
£
100 Ordinary A shares of £1.00 each 100    100 
10 Ordinary B shares of £1.00 each 10    10 
110    110 

9.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2025
£
 2024
£
 2025
£
 2024
£
Mr J M Finlay1,047 4,521 (22,482)(23,530)

The loan is interest free with no fixed date of repayment.
10.

Dividend

During the year, total dividends of £25,373 (2024 - £25,735) were paid to the director.
3