REGISTERED NUMBER: 05241951 (England and Wales)

Financial Statements

for the Year Ended 30 September 2018

for

A & B Plumbing Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B D Skeet

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

05241951 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Tangible assets

5

22,565

30,088

CURRENT ASSETS

Stocks

851

500

Debtors

6

14,777

25,021

Cash at bank

15,189

3,997

30,817

29,518

CREDITORS

Amounts falling due within one year

7

(24,068

)

(26,055

)

NET CURRENT ASSETS

6,749

3,463

TOTAL ASSETS LESS CURRENT LIABILITIES

29,314

33,551

CREDITORS

Amounts falling due after more than one year

8

(3,953

)

(13,703

)

PROVISIONS FOR LIABILITIES

(4,287

)

-

NET ASSETS

21,074

19,848

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

20,974

19,748

SHAREHOLDERS' FUNDS

21,074

19,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 11 March 2019 and were signed by:

B D Skeet - Director

1.	STATUTORY INFORMATION

A & B 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

25% 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.

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.

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.

Hire purchase and leasing commitments

Where assets are financed by leasing agreements that give rights approximating to ownership ("finance leases"),

the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the

minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as

obligations to the lessor.

Lease payments are treated as consisting of capital and interest elements, and the interest is charged to the profit

and loss account in proportion to the remaining balance outstanding.

All other leases are "operating leases" and the annual rentals are charged to profit and loss on a straight line basis

over the lease term.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 October 2017

and 30 September 2018

36,030

474

36,504

Depreciation

At 1 October 2017

6,005

411

6,416

Charge for year

7,507

16

7,523

At 30 September 2018

13,512

427

13,939

Net book value

At 30 September 2018

22,518

47

22,565

At 30 September 2017

30,025

63

30,088

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/18

30/9/17

£

£

Trade debtors

12,544

24,449

Other debtors

2,233

572

14,777

25,021

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/18

30/9/17

£

£

Hire purchase contracts

10,002

10,011

Taxation and social security

8,270

7,820

Other creditors

5,796

8,224

24,068

26,055

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/18

30/9/17

£

£

Hire purchase contracts

3,953

13,703