Company No: 02837405 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Stephen Mark Potter

REGISTERED OFFICE	407-413 Sydenham Road
	Croydon
	CR0 2EH
	United Kingdom

COMPANY NUMBER

02837405 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Salatin House
	19 Cedar Road
	Sutton
	SM2 5DA

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	13,470		16,725
		13,470		16,725
Current assets
Stocks	5	61,375		73,278
Debtors	6	15,435		18,556
Cash at bank and in hand	7	158,556		126,708
		235,366		218,542
Creditors: amounts falling due within one year	8	( 157,566)		( 165,204)
Net current assets		77,800		53,338
Total assets less current liabilities		91,270		70,063
Provision for liabilities	9	( 3,367)		( 4,181)
Net assets		87,903		65,882
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		87,803		65,782
Total shareholder's funds		87,903		65,882

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Jones Plumbing Supplies (Croydon) Limited (registered number: 02837405) were approved and authorised for issue by the Director on 10 August 2026. They were signed on its behalf by:

Stephen Mark Potter Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jones Plumbing Supplies (Croydon) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 407-413 Sydenham Road, Croydon, CR0 2EH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	0 - 10 years straight line
Plant and machinery etc.	20 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	6		6

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 September 2024	7,600		61,731		69,331
At 31 August 2025	7,600		61,731		69,331
Accumulated depreciation
At 01 September 2024	7,600		45,006		52,606
Charge for the financial year	0		3,255		3,255
At 31 August 2025	7,600		48,261		55,861
Net book value
At 31 August 2025	0		13,470		13,470
At 31 August 2024	0		16,725		16,725

5. Stocks

	2025		2024
	£		£
Stocks	61,375		73,278

6. Debtors

	2025		2024
	£		£
Trade debtors	11,582		14,703
Prepayments	3,853		3,853
	15,435		18,556

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	158,556		126,708

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	94,271		113,604
Amounts owed to director	27,369		27,370
Accruals	3,100		3,100
Taxation and social security	22,159		15,259
Other creditors	10,667		5,871
	157,566		165,204

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 4,181)		( 5,234)
Credited to the Profit and Loss Account	814		1,053
At the end of financial year	( 3,367)		( 4,181)

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100