REGISTERED NUMBER: 06440869 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A & B PLUMBING & HEATING (THAXTED)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Godfrey

B N Walker

SECRETARY:

A P Godfrey

REGISTERED OFFICE:

Cart Lodge

Harps Farm

Bedlars Green

Great Hallingbury

Hertfordshire

CM22 7JL

REGISTERED NUMBER:

06440869 (England and Wales)

ACCOUNTANTS:

Northfield Management Services Limited

Cart Lodge

Harps Farm

Bedlars Green

Great Hallingbury

Hertfordshire

CM22 7TL

FIXED ASSETS

Tangible assets

4

18,092

24,088

CURRENT ASSETS

Debtors

5

39,137

39,855

Cash at bank

5,307

3,396

44,444

43,251

CREDITORS

Amounts falling due within one year

6

55,255

55,938

NET CURRENT LIABILITIES

(10,811

)

(12,687

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,281

11,401

CREDITORS

Amounts falling due after more than one year

7

(1,545

)

(6,055

)

PROVISIONS FOR LIABILITIES

(3,437

)

(4,577

)

NET ASSETS

2,299

769

CAPITAL AND RESERVES

Called up share capital

9

142

2

Retained earnings

2,157

767

SHAREHOLDERS' FUNDS

2,299

769

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 directors acknowledge their 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 Board of Directors on 21 December 2018 and were signed on its behalf by:

A P Godfrey - Director

1.	STATUTORY INFORMATION

A & B Plumbing & Heating (Thaxted) 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.

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 the cost less estimated residual value of 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

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 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

1,850

2,967

47,843

52,660

DEPRECIATION

At 1 April 2017

1,710

989

25,873

28,572

Charge for year

35

469

5,492

5,996

At 31 March 2018

1,745

1,458

31,365

34,568

NET BOOK VALUE

At 31 March 2018

105

1,509

16,478

18,092

At 31 March 2017

140

1,978

21,970

24,088

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

Motor

vehicles

£

COST

At 1 April 2017

and 31 March 2018

36,487

DEPRECIATION

At 1 April 2017

17,212

Charge for year

4,819

At 31 March 2018

22,031

NET BOOK VALUE

At 31 March 2018

14,456

At 31 March 2017

19,275

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

(10,579

)

15,771

Amounts recoverable on

contracts

45,700

18,000

CIS tax recoverable

3,716

5,850

Prepayments

300

234

39,137

39,855

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

5,387

Hire purchase contracts

4,510

5,930

Trade creditors

15,354

19,985

Tax

16,815

6,839

Social security and other taxes

(1,368

)

(1,430

)

VAT

2,885

2,926

Other creditors

1,044

641

Directors' current accounts

13,015

12,660

Accrued expenses

3,000

3,000

55,255

55,938

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

1,545

6,055

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

6,055

11,985

The hire purchase liability is secured on the assets concerned.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

140

"A" Ordinary

£1

140

-

142

2

140 "A" Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.