A & F HEATING AND PLUMBING LIMITED

Registered number

04395144

Filleted Accounts

30 April 2018

A & F HEATING AND PLUMBING LIMITED
Registered number:		04395144
Balance Sheet
as at 30 April 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	3		834			1,558

Current assets
Debtors	4	5,314			5,190
Cash at bank and in hand		-			2,745
		5,314			7,935

Creditors: amounts falling due within one year	5	(6,347)			(8,221)

Net current liabilities			(1,033)			(286)

Net (liabilities)/assets			(199)			1,272

Capital and reserves
Called up share capital			4			4
Profit and loss account			(203)			1,268

Shareholders' funds			(199)			1,272

The directors are 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 directors acknowledge their 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 and delivered 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.




Patrick Fitzgerald
Director
Approved by the board on 29 November 2018

A & F HEATING AND PLUMBING LIMITED
Notes to the Accounts
for the year ended 30 April 2018


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 (as applied to small entities by section 1A of the standard).

	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:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance

	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					2018		2017
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 May 2017			2,790		10,328		13,118
	Disposals			-		(3,333)		(3,333)
	At 30 April 2018			2,790		6,995		9,785

	Depreciation
	At 1 May 2017			2,447		9,113		11,560
	Charge for the year			86		193		279
	On disposals			-		(2,888)		(2,888)
	At 30 April 2018			2,533		6,418		8,951

	Net book value
	At 30 April 2018			257		577		834
	At 30 April 2017			343		1,215		1,558


4	Debtors					2018		2017
£							£

	Trade debtors					1,178		864
	Other debtors					4,136		4,326
						5,314		5,190


5	Creditors: amounts falling due within one year					2018		2017
£							£

	Bank loans and overdrafts					1,117		-
	Trade creditors					1,880		-
	Taxation and social security costs					3,076		7,297
	Other creditors					274		924
						6,347		8,221


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	David Ash
	Inter active loan account	(124)		5,100		(4,790)		186

	Patrick Fitzgerald
	Inter active loan account	(124)		6,105		(4,790)		1,191

		(248)		11,205		(9,580)		1,377


7	Related party transactions

	The joint directors and shareholders operate active loan accounts with the company within which all dividends are declared and drawn upon as the directors needs funds.


8	Controlling party

	The company is wholly under the control of its joint directors and shareholders.


9	Other information

	A & F HEATING AND PLUMBING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	10 Gerald Road
	Ashton
	Bristol
	BS3 2DN