Registered Number 02351998

A & C PLUMBING SUPPLIES (WHITSTABLE) LIMITED

Abbreviated Accounts

30 June 2016

A & C PLUMBING SUPPLIES (WHITSTABLE) LIMITED Registered Number 02351998

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - 77,361
- 77,361
Current assets
Debtors 18 10,096
Cash at bank and in hand 24,053 2,527
24,071 12,623
Creditors: amounts falling due within one year (8,846) (19,603)
Net current assets (liabilities) 15,225 (6,980)
Total assets less current liabilities 15,225 70,381
Total net assets (liabilities) 15,225 70,381
Capital and reserves
Called up share capital 3 10,000 10,000
Profit and loss account 5,225 60,381
Shareholders' funds 15,225 70,381
  • For the year ending 30 June 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 directors acknowledge their 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 Board on 10 August 2016

And signed on their behalf by:
MR C SANSOM, Director

A & C PLUMBING SUPPLIES (WHITSTABLE) LIMITED Registered Number 02351998

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance

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

Going concern
Despite the current economic climate the company has still managed to show a small profit for the year. The directors have therefore reasonable expectation that the company has aqequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2Tangible fixed assets
£
Cost
At 1 July 2015 137,836
Additions -
Disposals (137,836)
Revaluations -
Transfers -
At 30 June 2016 0
Depreciation
At 1 July 2015 60,475
Charge for the year -
On disposals (60,475)
At 30 June 2016 0
Net book values
At 30 June 2016 0
At 30 June 2015 77,361
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
10,000 Ordinary shares of £1 each 10,000 10,000