John Walker (Plumbing) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04896265 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

John Walker (Plumbing) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Walker

Mrs H M Walker

REGISTERED OFFICE:

Suite 1

The Riverside Building

Livingstone Road

Hessle

East Yorkshire

HU13 0DZ

REGISTERED NUMBER:

04896265 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Suite 1

The Riverside Building

Hessle

East Yorkshire

HU13 0DZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

23,876

31,360

23,876

31,360

CURRENT ASSETS

Stocks

6

5,000

5,000

Debtors

7

54,902

59,472

Cash at bank

34,132

-

94,034

64,472

CREDITORS

Amounts falling due within one year

8

107,572

80,150

NET CURRENT LIABILITIES

(13,538

)

(15,678

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,338

15,682

CREDITORS

Amounts falling due after more than one year

9

9,000

14,718

NET ASSETS

1,338

964

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,336

962

SHAREHOLDERS' FUNDS

1,338

964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 by the Board of Directors and authorised for issue on 14 March 2023 and were signed on its behalf by:

J Walker - Director

1.	STATUTORY INFORMATION

John Walker (Plumbing) 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.

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.

Estimates and judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts, and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Rendering of Service - Plumbing

Revenue from plumbing services is recognised when the services are rendered, using the percentage of completion method based on the actual service provided as a proportion of the total services to be performed.

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

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance and 20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2021

and 31 October 2022

45,000

AMORTISATION

At 1 November 2021

and 31 October 2022

45,000

NET BOOK VALUE

At 31 October 2022

-

At 31 October 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2021

and 31 October 2022

1,615

50,420

1,685

53,720

DEPRECIATION

At 1 November 2021

1,004

19,837

1,519

22,360

Charge for year

91

7,352

41

7,484

At 31 October 2022

1,095

27,189

1,560

29,844

NET BOOK VALUE

At 31 October 2022

520

23,231

125

23,876

At 31 October 2021

611

30,583

166

31,360

6.

STOCKS

2022

2021

£

£

Stocks

5,000

5,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

35,300

36,801

Other debtors

19,602

22,671

54,902

59,472

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

5,697

34,360

Trade creditors

58,901

13,397

Taxation and social security

30,834

28,204

Other creditors

12,140

4,189

107,572

80,150

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

9,000

14,718

10.	RELATED PARTY DISCLOSURES

The company is jointly controlled by Mr J Walker and Mrs H M Walker who both hold 50% of the shares in the company.