A.A. PLUMBING AND HEATING SUPPLIES LTD

A.A. PLUMBING AND HEATING SUPPLIES LTD
Registered number:		06702035
Balance Sheet
as at 30 September 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	3		1,272			1,590

Current assets
Stocks		41,000			45,000
Debtors	4	4,825			16,131
Cash at bank and in hand		68,390			37,914
		114,215			99,045

Creditors: amounts falling due within one year	5	(99,678)			(38,639)

Net current assets			14,537			60,406

Total assets less current liabilities			15,809			61,996

Creditors: amounts falling due after more than one year	6		-			(55,061)



Net assets			15,809			6,935

Capital and reserves
Called up share capital			100			100
Profit and loss account			15,709			6,835

Shareholders' funds			15,809			6,935

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Zaheer Hussain
Director
Approved by the board on 30 June 2017

A.A. PLUMBING AND HEATING SUPPLIES LTD
Notes to the Accounts
for the year ended 30 September 2016


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2016		2015
Number				Number

	Average number of persons employed by the company		4		5


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 October 2015				6,064
	At 30 September 2016				6,064

	Depreciation
	At 1 October 2015				4,474
	Charge for the year				318
	At 30 September 2016				4,792

	Net book value
	At 30 September 2016				1,272
	At 30 September 2015				1,590





4	Debtors		2016		2015
£				£

	Trade debtors		4,825		16,131


5	Creditors: amounts falling due within one year		2016		2015
£				£

	Trade creditors		35,673		33,577
	Corporation tax		2,298		1,311
	Other taxes and social security costs		5,096		2,801
	Other creditors		56,611		950
			99,678		38,639


6	Creditors: amounts falling due after one year		2016		2015
£				£

	Other creditors		-		55,061


7	Loans		2016		2015
£				£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years		-		55,061



8	Other financial commitments		2016		2015
£				£

	Total future minimum payments under non-cancellable operating leases		586		4,101


9	Other information

	A.A. PLUMBING AND HEATING SUPPLIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	122 LICHFIELD STREET
	STOKE-ON-TRENT
	ST1 3DS