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REGISTERED NUMBER: SC068875















ALEXANDER BROWN PLUMBING FITTINGS
SPECIALISTS LTD

PREVIOUSLY KNOWN AS
A & E BROWN (PLUMBERS MERCHANTS) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018






ALEXANDER BROWN PLUMBING FITTINGS
SPECIALISTS LTD (REGISTERED NUMBER: SC068875)
PREVIOUSLY KNOWN AS A & E BROWN (PLUMBERS MERCHANTS) LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


ALEXANDER BROWN PLUMBING FITTINGS
SPECIALISTS LTD (REGISTERED NUMBER: SC068875)
PREVIOUSLY KNOWN AS A & E BROWN (PLUMBERS MERCHANTS) LIMITED

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,827 44,546

CURRENT ASSETS
Stocks 8,200 12,300
Debtors 5 161,345 206,184
Cash at bank and in hand 92,831 101,339
262,376 319,823
CREDITORS
Amounts falling due within one year 6 (137,378 ) (175,495 )
NET CURRENT ASSETS 124,998 144,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,825

188,874

CREDITORS
Amounts falling due after more than one
year

7

(9,075

)

-
NET ASSETS 158,750 188,874

CAPITAL AND RESERVES
Called up share capital 3,750 3,750
Capital redemption reserve 6,250 6,250
Retained earnings 148,750 178,874
158,750 188,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

ALEXANDER BROWN PLUMBING FITTINGS
SPECIALISTS LTD (REGISTERED NUMBER: SC068875)
PREVIOUSLY KNOWN AS A & E BROWN (PLUMBERS MERCHANTS) LIMITED

BALANCE SHEET - continued
31 MARCH 2018


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 13 December 2018 and were signed by:





C A Brown - Director


ALEXANDER BROWN PLUMBING FITTINGS
SPECIALISTS LTD (REGISTERED NUMBER: SC068875)
PREVIOUSLY KNOWN AS A & E BROWN (PLUMBERS MERCHANTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Alexander Brown Plumbing Fittings Specialists Ltd is a private company, limited by shares, registered in
Scotland. The company's registered office is 1320 Springburn Road, Glasgow, G21 1UT.

The presentation currency of the financial statements is Sterling (£).

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. There were no material departures from that standard.

Turnover
Turnover represents the invoiced cost of goods and services sold during the year, excluding value added tax.
The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the
services have been passed to the purchaser.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and estimated selling price less cost to sell.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are recognised at amortised cost.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is
calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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 all 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 director considers 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
the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted
at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is
presented either in profit or loss, other comprehensive income or statement of changes in equity depending on
the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

ALEXANDER BROWN PLUMBING FITTINGS
SPECIALISTS LTD (REGISTERED NUMBER: SC068875)
PREVIOUSLY KNOWN AS A & E BROWN (PLUMBERS MERCHANTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

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 profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 102,055
Additions 33,329
Disposals (46,758 )
At 31 March 2018 88,626
DEPRECIATION
At 1 April 2017 57,509
Charge for year 13,543
Eliminated on disposal (25,253 )
At 31 March 2018 45,799
NET BOOK VALUE
At 31 March 2018 42,827
At 31 March 2017 44,546

ALEXANDER BROWN PLUMBING FITTINGS
SPECIALISTS LTD (REGISTERED NUMBER: SC068875)
PREVIOUSLY KNOWN AS A & E BROWN (PLUMBERS MERCHANTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 26,929
At 31 March 2018 26,929
DEPRECIATION
Charge for year 6,732
At 31 March 2018 6,732
NET BOOK VALUE
At 31 March 2018 20,197

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 80,048 148,145
Other debtors 81,297 58,039
161,345 206,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 21,202 21,782
Hire purchase contracts 13,612 -
Trade creditors 65,292 114,378
Taxation and social security 30,444 31,016
Other creditors 6,828 8,319
137,378 175,495

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 9,075 -

ALEXANDER BROWN PLUMBING FITTINGS
SPECIALISTS LTD (REGISTERED NUMBER: SC068875)
PREVIOUSLY KNOWN AS A & E BROWN (PLUMBERS MERCHANTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 22,687 -

Hire purchase contracts are secured over the assets to which they relate.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, there was a balance receivable from a shareholder amounting to £59,495 (2017:
£58,039). Interest has been charged on this account at 3% per annum. The balance is unsecured and repayable
on demand.