REGISTERED NUMBER: |
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 |
REGISTERED NUMBER: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
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 |
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 |
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 |
Plant and machinery etc | - |
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. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2017 |
Additions |
Disposals | ( |
) |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
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 |
At 31 March 2018 |
DEPRECIATION |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
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. |