REGISTERED NUMBER: 04641207 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

A & N PLUMBING LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N J Balderson

Mrs S J Balderson

SECRETARY:

Mr N J Balderson

REGISTERED OFFICE:

Parkwood Cottages

Teston Corner

Teston

Maidstone

Kent

ME18 5BA

REGISTERED NUMBER:

04641207 (England and Wales)

ACCOUNTANTS:

George & Co.

Chartered Accountants

44a Joy Lane

Whitstable

Kent

CT5 4LT

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

1,959

2,614

1,959

2,614

CURRENT ASSETS

Inventories

380

380

Debtors

6

2,331

4,513

Cash at bank

2,203

1,776

4,914

6,669

CREDITORS

Amounts falling due within one year

7

6,550

8,721

NET CURRENT LIABILITIES

(1,636

)

(2,052

)

TOTAL ASSETS LESS CURRENT LIABILITIES

323

562

PROVISIONS FOR LIABILITIES

8

302

411

NET ASSETS

21

151

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

19

149

SHAREHOLDERS' FUNDS

21

151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 July 2018 and were signed on its behalf by:

Mrs S J Balderson - Director

1.	STATUTORY INFORMATION

A & N Plumbing Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue

Revenue represents the total value, excluding value added tax, of sales earned during the year.

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.

Property, plant and equipment

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

5,000

AMORTISATION

At 1 April 2017

and 31 March 2018

5,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

14,000

6,300

4,300

24,600

DEPRECIATION

At 1 April 2017

12,418

5,906

3,662

21,986

Charge for year

396

99

160

655

At 31 March 2018

12,814

6,005

3,822

22,641

NET BOOK VALUE

At 31 March 2018

1,186

295

478

1,959

At 31 March 2017

1,582

394

638

2,614

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,331

4,486

VAT

-

27

2,331

4,513

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,149

1,981

Corporation tax

172

1,344

VAT

767

-

Directors' current accounts

2,662

4,596

Accrued expenses

800

800

6,550

8,721

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

302

411

Deferred

tax

£

Balance at 1 April 2017

411

Credit to Income Statement during year

(109

)

Balance at 31 March 2018

302

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary Shares

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 April 2017

149

Profit for the year

270

Dividends

(400

)

At 31 March 2018

19

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the Board of Directors by virtue of the directors' shareholdings..