REGISTERED NUMBER: SC068875 (Scotland)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

A & E BROWN (PLUMBERS MERCHANTS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C A Brown

REGISTERED OFFICE:

1320 Springburn Road

Glasgow

G21 1UT

REGISTERED NUMBER:

SC068875 (Scotland)

ACCOUNTANTS:

Cheetham & Co

Chartered Accountants

Homelea House

Faith Avenue

Quarriers Village

Bridge of Weir

Renfrewshire

PA11 3TF

FIXED ASSETS

Tangible assets

2

61,898

77,534

CURRENT ASSETS

Stocks

15,210

20,775

Debtors

171,121

165,397

Cash at bank and in hand

80,353

72,578

266,684

258,750

CREDITORS

Amounts falling due within one year

(132,468

)

(112,348

)

NET CURRENT ASSETS

134,216

146,402

TOTAL ASSETS LESS CURRENT LIABILITIES

196,114

223,936

CREDITORS

Amounts falling due after more than one year

-

(5,000

)

NET ASSETS

196,114

218,936

CAPITAL AND RESERVES

Called up share capital

3

3,750

3,750

Capital redemption reserve

6,250

6,250

Profit and loss account

186,114

208,936

SHAREHOLDERS' FUNDS

196,114

218,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 14 November 2016 and were signed by:

C A Brown - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

158,563

Additions

22,182

Disposals

(31,450

)

At 31 March 2016

149,295

DEPRECIATION

At 1 April 2015

81,029

Charge for year

19,916

Eliminated on disposal

(13,548

)

At 31 March 2016

87,397

NET BOOK VALUE

At 31 March 2016

61,898

At 31 March 2015

77,534

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

3,750

Ordinary

£1

3,750

3,750