IRIS Accounts Production v18.3.1.65 SC298239 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2982392017-03-31SC2982392018-03-31SC2982392017-04-012018-03-31SC2982392016-03-31SC2982392016-04-012017-03-31SC2982392017-03-31SC298239ns15:Scotland2017-04-012018-03-31SC298239ns14:PoundSterling2017-04-012018-03-31SC298239ns10:Director12017-04-012018-03-31SC298239ns10:PrivateLimitedCompanyLtd2017-04-012018-03-31SC298239ns10:SmallEntities2017-04-012018-03-31SC298239ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-31SC298239ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-31SC298239ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-31SC298239ns10:FullAccounts2017-04-012018-03-31SC29823912017-04-012018-03-31SC298239ns10:Director22017-04-012018-03-31SC298239ns10:CompanySecretary12017-04-012018-03-31SC298239ns10:RegisteredOffice2017-04-012018-03-31SC298239ns5:CurrentFinancialInstruments2018-03-31SC298239ns5:CurrentFinancialInstruments2017-03-31SC298239ns5:Non-currentFinancialInstruments2018-03-31SC298239ns5:Non-currentFinancialInstruments2017-03-31SC298239ns5:ShareCapital2018-03-31SC298239ns5:ShareCapital2017-03-31SC298239ns5:RetainedEarningsAccumulatedLosses2018-03-31SC298239ns5:RetainedEarningsAccumulatedLosses2017-03-31SC298239ns5:NetGoodwill2017-04-012018-03-31SC298239ns5:IntangibleAssetsOtherThanGoodwill2017-04-012018-03-31SC298239ns5:PlantMachinery2017-04-012018-03-31SC298239ns5:MotorVehicles2017-04-012018-03-31SC298239ns5:NetGoodwill2017-03-31SC298239ns5:NetGoodwill2018-03-31SC298239ns5:NetGoodwill2017-03-31SC298239ns5:LandBuildings2017-03-31SC298239ns5:PlantMachinery2017-03-31SC298239ns5:MotorVehicles2017-03-31SC298239ns5:LandBuildings2017-04-012018-03-31SC298239ns5:LandBuildings2018-03-31SC298239ns5:PlantMachinery2018-03-31SC298239ns5:MotorVehicles2018-03-31SC298239ns5:LandBuildings2017-03-31SC298239ns5:PlantMachinery2017-03-31SC298239ns5:MotorVehicles2017-03-31SC298239ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-03-31SC298239ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2018-03-31SC298239ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-04-012018-03-31SC298239ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-03-31SC298239ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-31SC298239ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: SC298239 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

A & D WATT PLUMBING & HEATING LIMITED

A & D WATT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: SC298239)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & D WATT PLUMBING & HEATING LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2018







DIRECTORS: Archibald Douglas Watt
Alasdair Gordon Watt





SECRETARY: Carol Watt





REGISTERED OFFICE: c/o Abacus Services
Abacus Building,
8 High Street
Oban
Argyll
PA34 4BG





REGISTERED NUMBER: SC298239 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
Oban
Argyll
PA34 4AZ

A & D WATT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: SC298239)

BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,441 49,381
41,441 49,381

CURRENT ASSETS
Stocks 23,602 30,034
Debtors 6 33,109 24,412
Cash at bank 51,195 29,264
107,906 83,710
CREDITORS
Amounts falling due within one year 7 82,659 71,173
NET CURRENT ASSETS 25,247 12,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,688

61,918

CREDITORS
Amounts falling due after more than one
year

8

14,153

23,600
NET ASSETS 52,535 38,318

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,435 38,218
SHAREHOLDERS' FUNDS 52,535 38,318

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.

A & D WATT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: SC298239)

BALANCE SHEET - continued
31 March 2018


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 18 December 2018 and were signed on its behalf
by:





Archibald Douglas Watt - Director


A & D WATT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: SC298239)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2018

1. STATUTORY INFORMATION

A & D Watt Plumbing & Heating Limited is a private company, limited by shares , registered in Scotland. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

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

A & D WATT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: SC298239)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 8 (2017 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 20,000
AMORTISATION
At 1 April 2017
and 31 March 2018 20,000
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2017 6,010 18,096 66,750 90,856
Additions - 3,177 - 3,177
At 31 March 2018 6,010 21,273 66,750 94,033
DEPRECIATION
At 1 April 2017 - 10,872 30,603 41,475
Charge for year - 2,080 9,037 11,117
At 31 March 2018 - 12,952 39,640 52,592
NET BOOK VALUE
At 31 March 2018 6,010 8,321 27,110 41,441
At 31 March 2017 6,010 7,224 36,147 49,381

A & D WATT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: SC298239)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2017 50,250
Transfer to ownership (12,950 )
At 31 March 2018 37,300
DEPRECIATION
At 1 April 2017 18,178
Charge for year 6,971
Transfer to ownership (8,762 )
At 31 March 2018 16,387
NET BOOK VALUE
At 31 March 2018 20,913
At 31 March 2017 32,072

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 33,109 24,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 9,847 11,607
Trade creditors 31,172 23,111
Taxation and social security 34,476 27,840
Other creditors 7,164 8,615
82,659 71,173

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 14,153 23,600