REGISTERED NUMBER: 03086470 (England and Wales)

Financial Statements

for the Year Ended 31 July 2018

for

A+R Central Heating & Boiler

Repair Experts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A S Morgan

REGISTERED OFFICE:

46/48 Long Street

Middleton

Manchester

M24 6UQ

REGISTERED NUMBER:

03086470 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46/48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Tangible assets

4

132,037

133,938

CURRENT ASSETS

Stocks

-

12,500

Cash at bank

22,028

17,336

22,028

29,836

CREDITORS

Amounts falling due within one year

5

43,064

76,377

NET CURRENT LIABILITIES

(21,036

)

(46,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

111,001

87,397

CREDITORS

Amounts falling due after more than one year

6

(67,523

)

(76,185

)

PROVISIONS FOR LIABILITIES

(1,278

)

(1,441

)

NET ASSETS

42,200

9,771

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

42,197

9,768

SHAREHOLDERS' FUNDS

42,200

9,771

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director on 2 April 2019 and were signed by:

A S Morgan - Director

1.	STATUTORY INFORMATION

A+R Central Heating & Boiler Repair Experts 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.

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.

Long leasehold

-

not provided

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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 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.

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 2 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2017

124,600

-

13,481

7,972

146,053

Additions

-

360

-

-

360

At 31 July 2018

124,600

360

13,481

7,972

146,413

DEPRECIATION

At 1 August 2017

-

-

5,413

6,702

12,115

Charge for year

-

54

2,017

190

2,261

At 31 July 2018

-

54

7,430

6,892

14,376

NET BOOK VALUE

At 31 July 2018

124,600

306

6,051

1,080

132,037

At 31 July 2017

124,600

-

8,068

1,270

133,938

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts

12,142

12,682

Trade creditors

8,300

15,101

Tax

6,241

156

Social security and other taxes

6,370

6,486

Pension creditor

5

-

Directors' current accounts

8,156

38,467

Accrued expenses

1,850

3,485

43,064

76,377

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans - 1-2 years

12,142

12,682

Bank loans - 2-5 years

25,672

31,604

Bank loans more 5 yr by instal

29,709

31,899

67,523

76,185

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

29,709

31,899

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.18

31.7.17

£

£

Bank loans

79,665

88,867

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A S Morgan.