REGISTERED NUMBER: 03086470 (England and Wales)

Financial Statements

for the Period

1 September 2016 to 31 July 2017

for

A+R Central Heating & Boiler

Repair Experts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A S Morgan

REGISTERED OFFICE:

46/48 Long Street

Middleton

Manchester

M24 6UQ

REGISTERED NUMBER:

03086470 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46/48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Property, plant and equipment

4

133,938

126,283

CURRENT ASSETS

Inventories

12,500

10,420

Cash at bank

17,336

6,478

29,836

16,898

CREDITORS

Amounts falling due within one year

5

76,377

52,393

NET CURRENT LIABILITIES

(46,541

)

(35,495

)

TOTAL ASSETS LESS CURRENT LIABILITIES

87,397

90,788

CREDITORS

Amounts falling due after more than one year

6

(76,185

)

(88,042

)

PROVISIONS FOR LIABILITIES

(1,441

)

-

NET ASSETS

9,771

2,746

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

9,768

2,743

SHAREHOLDERS' FUNDS

9,771

2,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 March 2018 and were signed by:

A S Morgan - Director

1.	STATUTORY INFORMATION

A+R Central Heating & Boiler Repair Experts Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the assumption the company is a going concern. The company is supported

by the director and the funds provided by him. The director has indicated his willingness to defer withdrawal of

his directors loan account and as such it is reasonable to rely on it. In consideration of this support the company

is a going concern.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Long leasehold

-

not provided

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	PROPERTY, PLANT AND EQUIPMENT

Long

Motor

Computer

leasehold

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2016

124,600

2,908

7,972

135,480

Additions

-

10,573

-

10,573

At 31 July 2017

124,600

13,481

7,972

146,053

DEPRECIATION

At 1 September 2016

-

2,723

6,474

9,197

Charge for period

-

2,690

228

2,918

At 31 July 2017

-

5,413

6,702

12,115

NET BOOK VALUE

At 31 July 2017

124,600

8,068

1,270

133,938

At 31 August 2016

124,600

185

1,498

126,283

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.8.16

£

£

Bank loans and overdrafts

12,682

8,000

Trade creditors

15,101

18,483

Taxation and social security

6,642

4,351

Other creditors

41,952

21,559

76,377

52,393

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.8.16

£

£

Bank loans

76,185

88,042

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

31,899

56,042

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.17

31.8.16

£

£

Bank loans

88,867

96,042