A&N Plumbing and Heating Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	2		-		737
Tangible Assets	3		3,091		2,637

			3,091		3,374
CURRENT ASSETS
Stocks		55,000		88,556
Debtors		61,548		143,393
Cash at bank and in hand		51		211

		116,599		232,160
Creditors: Amounts Falling Due Within One Year		(78,272 )		(146,425 )

NET CURRENT ASSETS (LIABILITIES)			38,327		85,735

TOTAL ASSETS LESS CURRENT LIABILITIES			41,418		89,109

PROVISIONS FOR LIABILITIES
Deferred Taxation			(150 )		(150 )

NET ASSETS			41,268		88,959

CAPITAL AND RESERVES
Called up share capital	4		2		1
Profit and Loss Account			41,266		88,958

SHAREHOLDERS' FUNDS			41,268		88,959

Company No. 05273471

Abbreviated Balance Sheet (continued) 31 March 2016

For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Shaun Carroll	Mr Ashley Smith
22/12/2016

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance and straight line
Motor Vehicles	20% reducing balance and straight line

1.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.6. Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2. Intangible Assets


	Total
Cost	£
As at 1 April 2015	10,082

As at 31 March 2016	10,082

Amortisation
As at 1 April 2015	9,345
Provided during the period	737

As at 31 March 2016	10,082

Net Book Value
As at 31 March 2016	-

As at 1 April 2015	737

Page 2

A&N Plumbing and Heating Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2016

3. Tangible Assets


	Total
Cost	£
As at 1 April 2015	27,729
Additions	1,500

As at 31 March 2016	29,229

Depreciation
As at 1 April 2015	25,092
Provided during the period	1,046

As at 31 March 2016	26,138

Net Book Value
As at 31 March 2016	3,091

As at 1 April 2015	2,637

4. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	1

	Nominal value	Number	Amount

Shares issued during the period:	£		£
Ordinary shares	1.000	1	1

5. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.