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REGISTERED NUMBER: 02781466 (England and Wales)












ABBEY PLUMBING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017






ABBEY PLUMBING LIMITED (REGISTERED NUMBER: 02781466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ABBEY PLUMBING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: A Grimshaw





SECRETARY: Mrs N Grimshaw





REGISTERED OFFICE: APL House
3 Whitehills Drive
Whitehills Business Park
Blackpool
Lancashire
FY4 5LW





REGISTERED NUMBER: 02781466 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

ABBEY PLUMBING LIMITED (REGISTERED NUMBER: 02781466)

ABRIDGED BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 476,305 359,491

CURRENT ASSETS
Stocks 148,500 179,750
Debtors 928,130 1,284,345
Cash at bank and in hand 469,969 160,507
1,546,599 1,624,602
CREDITORS
Amounts falling due within one year 1,553,951 1,564,740
NET CURRENT (LIABILITIES)/ASSETS (7,352 ) 59,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,953

419,353

CREDITORS
Amounts falling due after more than
one year

(45,595

)

(7,436

)

PROVISIONS FOR LIABILITIES (74,493 ) (54,892 )
NET ASSETS 348,865 357,025

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 348,766 356,926
SHAREHOLDERS' FUNDS 348,865 357,025

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

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

ABBEY PLUMBING LIMITED (REGISTERED NUMBER: 02781466)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 November 2017 and were signed by:





A Grimshaw - Director


ABBEY PLUMBING LIMITED (REGISTERED NUMBER: 02781466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Abbey Plumbing 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.

This is the first year in which the financial statements have been prepared under FRS 102
Section 1A, there are no transitional adjustments. The financial statements are presented in
Sterling (£).

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.


ABBEY PLUMBING LIMITED (REGISTERED NUMBER: 02781466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

2. ACCOUNTING POLICIES - continued
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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences
are taken into account in arriving at the operating result.

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees and a money
purchase scheme for the director & company secretary. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which
they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 81 .

ABBEY PLUMBING LIMITED (REGISTERED NUMBER: 02781466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016 750,118
Additions 270,025
Disposals (102,917 )
At 31 March 2017 917,226
DEPRECIATION
At 1 April 2016 390,627
Charge for year 112,351
Eliminated on disposal (62,057 )
At 31 March 2017 440,921
NET BOOK VALUE
At 31 March 2017 476,305
At 31 March 2016 359,491

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

Totals
£   
COST
At 1 April 2016 139,409
Additions 107,895
Transfer to ownership (67,896 )
At 31 March 2017 179,408
DEPRECIATION
At 1 April 2016 60,115
Charge for year 24,828
Transfer to ownership (42,125 )
At 31 March 2017 42,818
NET BOOK VALUE
At 31 March 2017 136,590
At 31 March 2016 79,294

ABBEY PLUMBING LIMITED (REGISTERED NUMBER: 02781466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 105,747 50,875