J & M Heating Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08277284 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2024 TO 31 MAY 2026

FOR

J & M HEATING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Wallis

Mrs M Wallis

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

08277284 (England and Wales)

ACCOUNTANTS:

Xeinadin Barnsley Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

National Wesminister Bank PLC

P O Box 120

42 High Street

Sheffield

South Yorkshire

S1 2GE

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

233

139

233

139

CURRENT ASSETS

Stocks

6

2,000

Debtors

7

1,376

10,600

Cash at bank

38,113

39,304

41,489

51,904

CREDITORS

Amounts falling due within one year

8

41,145

45,303

NET CURRENT ASSETS

344

6,601

TOTAL ASSETS LESS CURRENT LIABILITIES

577

6,740

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

575

6,738

SHAREHOLDERS' FUNDS

577

6,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2026 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by:

Mrs M Wallis - Director

1.	STATUTORY INFORMATION

J & M Heating 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

The financial statements for the current period have been prepared for a period of 18 months, covering 1 December 2024 to 31 May 2026, in order to align the reporting cycle with operational requirements. This extended reporting period is in contrast to the prior year which was prepared for a standard 12-month period. As a result, a direct year-on-year comparison of financial performance may not be entirely meaningful due to the variance in reporting periods.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from heating and plumbing engineering work is recognised by reference to contract duration.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Fixtures and fittings

25% on reducing balance

Computer and equipment

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 31 May 2026

30,000

AMORTISATION

At 1 December 2024

and 31 May 2026

30,000

NET BOOK VALUE

At 31 May 2026

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 December 2024

825

3,680

4,505

Additions

-

157

At 31 May 2026

825

3,837

4,662

DEPRECIATION

At 1 December 2024

686

3,680

4,366

Charge for period

52

11

63

At 31 May 2026

738

3,691

4,429

NET BOOK VALUE

At 31 May 2026

87

146

233

At 30 November 2024

139

-

139

6.

STOCKS

31.5.26

30.11.24

£

Stocks

2,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

30.11.24

£

Trade debtors

-

10,600

Prepayments and accrued income

1,376

-

1,376

10,600

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

30.11.24

£

Trade creditors

3,157

15,598

Corporation tax

8,043

8,095

Social security and other taxes

-

30

VAT

7,234

7,377

Directors' current accounts

18,338

12,063

Accruals and deferred income

4,373

2,140

41,145

45,303

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

30.11.24

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2