Registered number
08238886
England & Wales
All Avenues Heating & Plumbing Services (South East) Limited
Report and Unaudited Accounts
30 April 2017
All Avenues Heating & Plumbing Services (South East) Limited
Report and accounts
Director
R Medcalf
Registered office
106 Mill Studio, Crane Mead, Ware, Herts. SG12 9PY
Registered number
08238886 England & Wales
Contents Page
Director's report 1
Chartered Accountants' report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5 - 7
The following pages do not form part of the statutory accounts:
Detailed profit and loss account 8 - 9
All Avenues Heating & Plumbing Services (South East) Limited
Registered number: 08238886
Director's Report
The director presents his final report and accounts for the period ended 30 April 2017, at which point the company ceased trading.
Principal activities
The company's principal activity during the period was the provision of heating and plumbing services.
Directors
The following persons served as directors during the period:
R Medcalf
Director's responsibilities
The director is responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the director to prepare accounts for each financial year. Under that law the director has elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the director is required to:
● select suitable accounting policies and then apply them consistently;
● make judgements and estimates that are reasonable and prudent;
● prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the accounts comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 6 September 2017 and signed on its behalf.
R Medcalf
Director
All Avenues Heating & Plumbing Services (South East) Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of All Avenues Heating & Plumbing Services (South East) Limited for the period ended 30 April 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of All Avenues Heating & Plumbing Services (South East) Limited for the period ended 30 April 2017 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Intega
Chartered Accountants
106 Mill Studio
Crane Mead
Ware
Hertfordshire
SG12 9PY
6 September 2017
All Avenues Heating & Plumbing Services (South East) Limited
Profit and Loss Account
for the period from 1 November 2015 to 30 April 2017
Notes 2017 2015
£ £
Turnover 59,303 48,313
Cost of sales (6,756) (9,490)
Gross profit 52,547 38,823
Administrative expenses (59,772) (38,155)
Other operating income 203 481
Operating (loss)/profit 2 (7,022) 1,149
Exceptional items:
loss on the disposal of tangible fixed assets (1) -
(7,023) 1,149
Interest receivable - 6
(Loss)/profit on ordinary activities before taxation (7,023) 1,155
Tax on (loss)/profit on ordinary activities 3 712 (578)
(Loss)/profit for the period (6,311) 577
All Avenues Heating & Plumbing Services (South East) Limited
Balance Sheet - 30 April 2017
Notes 2017 2015
£ £
Fixed assets
Intangible assets 4 - 14,700
Tangible assets 5 - 2,366
- 17,066
Current assets
Debtors 6 712 1,250
Cash at bank and in hand 7,788 9,012
8,500 10,262
Creditors: amounts falling due within one year 7 (9,494) (22,011)
Net current liabilities (994) (11,749)
Net (liabilities)/assets (994) 5,317
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 9 (1,094) 5,217
Shareholders' funds (994) 5,317
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.
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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
R Medcalf
Director
Approved by the board on 6 September 2017
All Avenues Heating & Plumbing Services (South East) Limited
Notes to the Accounts
for the period from 1 November 2015 to 30 April 2017
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
2 Operating profit 2017 2015
£ £
This is stated after charging:
Depreciation of owned fixed assets 2,365 1,736
Amortisation of goodwill 14,700 2,100
Directors' remuneration 8,040 8,040
3 Taxation 2017 2015
£ £
UK corporation tax (712) 578
4 Intangible fixed assets Goodwill
£
Cost
At 1 November 2015 21,000
At 30 April 2017 21,000
Amortisation
At 1 November 2015 6,300
Provided during the period 14,700
At 30 April 2017 21,000
Net book value
At 30 April 2017 -
At 31 October 2015 14,700
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
5 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 November 2015 1,575 6,000 7,575
Disposals (1,575) (6,000) (7,575)
At 30 April 2017 - - -
Depreciation
At 1 November 2015 709 4,500 5,209
Charge for the period 866 1,499 2,365
On disposals (1,575) (5,999) (7,574)
At 30 April 2017 - - -
Net book value
At 30 April 2017 - - -
At 31 October 2015 866 1,500 2,366
6 Debtors 2017 2015
£ £
Tax recoverable 712 1,250
7 Creditors: amounts falling due within one year 2017 2015
£ £
Trade creditors 1,042 1,030
Corporation tax - 578
Other creditors 8,452 20,403
9,494 22,011
8 Share capital Nominal 2017 2017 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
9 Profit and loss account 2017
£
At 1 November 2015 5,217
Loss for the period (6,311)
At 30 April 2017 (1,094)
10 Ultimate controlling party
The company is controlled by R & D Medcalf by virtue of their interest in 100% of the company's issued share capital.
All Avenues Heating & Plumbing Services (South East) Limited
Detailed profit and loss account
for the period from 1 November 2015 to 30 April 2017
2017 2015
£ £
Sales 59,303 48,313
Cost of sales (6,756) (9,490)
Gross profit 52,547 38,823
Administrative expenses (59,772) (38,155)
Other operating income 203 481
Operating (loss)/profit (7,022) 1,149
Exceptional items (1) -
Interest receivable - 6
(Loss)/profit before tax (7,023) 1,155
All Avenues Heating & Plumbing Services (South East) Limited
Detailed profit and loss account
for the period from 1 November 2015 to 30 April 2017
2017 2015
£ £
Sales
Sales 59,303 48,313
Cost of sales
Purchases 6,756 9,490
Administrative expenses
Employee costs:
Wages and salaries 8,160 8,040
Director's salary 8,160 8,040
Bonuses 14,905 6,000
Staff training and welfare - 381
Travel and subsistence - 259
Motor expenses 4,178 4,814
35,403 27,534
Premises costs:
Storage 3,600 3,600
Use of home 875 850
4,475 4,450
General administrative expenses:
Telephone and fax 1,284 796
Stationery and printing 9 146
Bank charges 144 153
Insurance 552 384
Depreciation 2,365 1,736
Amortisation of goodwill 14,700 2,100
Sundry expenses 300 326
19,354 5,641
Legal and professional costs:
Accountancy fees 540 530
540 530
59,772 38,155
Other operating income
Other operating income 203 481
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