A G Plumbing & Heating N/W Limited - Period Ending 2016-03-31

A G Plumbing & Heating N/W Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

Moffatt & Co
Chartered Accountants
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

A G Plumbing & Heating N/W Limited
(Registration number: 07245333)
Abbreviated Balance Sheet at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		2,965	2,805
Current assets
Cash at bank and in hand		4,662	6,331
Creditors: Amounts falling due within one year		(6,354)	(7,847)
Net current liabilities		(1,692)	(1,516)
Total assets less current liabilities		1,273	1,289
Provisions for liabilities		(32)	(561)
Net assets		1,241	728
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,141	628
Shareholders' funds		1,241	728

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 21 December 2016

.........................................
Mr Andrew Gresham
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

A G Plumbing & Heating N/W Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing Balance Basis
Motor Vehicles	25% Reducing Balance Basis
Office Equipment	25% Reducing Balance Basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

A G Plumbing & Heating N/W Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	6,436	6,436
Additions	1,150	1,150
At 31 March 2016	7,586	7,586
Depreciation
At 1 April 2015	3,631	3,631
Charge for the year	990	990
At 31 March 2016	4,621	4,621
Net book value
At 31 March 2016	2,965	2,965
At 31 March 2015	2,805	2,805

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary Shares of £1 each		100	100		100	100

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