JLS Plumbing and Heating Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03593378

JLS Plumbing and Heating Services Limited

Filleted Unaudited Financial Statements

31 March 2025

JLS Plumbing and Heating Services Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	124,825	68,638

Current assets

Stocks		500	500
Debtors	6	131,303	77,384
Cash at bank and in hand		253,115	211,379
		---------	---------
		384,918	289,263

Creditors: amounts falling due within one year	7	103,806	90,356
		---------	---------
Net current assets		281,112	198,907
		---------	---------
Total assets less current liabilities		405,937	267,545

Creditors: amounts falling due after more than one year	8	118,284	–

Provisions	23,717	13,041
	---------	---------
Net assets	263,936	254,504
	---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	263,926	254,494
	---------	---------
Shareholders funds	263,936	254,504
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 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:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JLS Plumbing and Heating Services Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr S I Brown
Director

Company registration number: 03593378

JLS Plumbing and Heating Services Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Salcombe Close, Newthorpe, Nottingham, NG16 2DQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	11,704	1,502	119,099	4,826	137,131
Additions	1,188	–	144,113	1,825	147,126
Disposals	–	–	( 86,244)	–	( 86,244)
	--------	-------	---------	-------	---------
At 31 March 2025	12,892	1,502	176,968	6,651	198,013
	--------	-------	---------	-------	---------
Depreciation
At 1 April 2024	7,502	1,352	56,977	2,662	68,493
Charge for the year	1,347	37	39,159	798	41,341
Disposals	–	–	( 36,646)	–	( 36,646)
	--------	-------	---------	-------	---------
At 31 March 2025	8,849	1,389	59,490	3,460	73,188
	--------	-------	---------	-------	---------
Carrying amount
At 31 March 2025	4,043	113	117,478	3,191	124,825
	--------	-------	---------	-------	---------
At 31 March 2024	4,202	150	62,122	2,164	68,638
	--------	-------	---------	-------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 March 2025	108,085
	---------
At 31 March 2024	45,256
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	100,836	61,207
Other debtors	30,467	16,177
	---------	--------
	131,303	77,384
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	75,293	68,176
Social security and other taxes	8,260	12,913
Other creditors	20,253	9,267
	---------	--------
	103,806	90,356
	---------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	118,284	–
	---------	----