A & N Plumbing Ltd - Accounts to registrar

REGISTERED NUMBER: 04641207 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

A & N PLUMBING LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N J Balderson

Mrs S J Balderson

SECRETARY:

Mr N J Balderson

REGISTERED OFFICE:

Parkwood Cottages

Teston Corner

Teston

Maidstone

Kent

ME18 5BA

REGISTERED NUMBER:

04641207 (England and Wales)

ACCOUNTANTS:

George & Co.

Chartered Accountants

Thornhill House

26 Fisher Street

Maidstone

Kent

ME14 2SU

FIXED ASSETS

Intangible assets

4

-

Property, plant and equipment

5

2,614

1,870

2,614

1,870

CURRENT ASSETS

Inventories

380

Debtors

6

4,513

18,016

Cash at bank

1,776

900

6,669

19,296

CREDITORS

Amounts falling due within one year

7

8,721

20,824

NET CURRENT LIABILITIES

(2,052

)

(1,528

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

562

342

PROVISIONS FOR LIABILITIES

411

264

NET ASSETS

151

78

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

149

76

SHAREHOLDERS' FUNDS

151

78

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 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 12 May 2017 and were signed on its behalf by:

Mrs S J Balderson - Director

1.	STATUTORY INFORMATION

A & N Plumbing Ltd 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.

Revenue

Revenue represents the total value, excluding value added tax, of sales earned during the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Inventories

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 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 that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

5,000

AMORTISATION

At 1 April 2016

and 31 March 2017

5,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2016

13,100

6,300

3,880

23,280

Additions

900

-

420

1,320

At 31 March 2017

14,000

6,300

4,300

24,600

DEPRECIATION

At 1 April 2016

12,188

5,774

3,448

21,410

Charge for year

230

132

214

576

At 31 March 2017

12,418

5,906

3,662

21,986

NET BOOK VALUE

At 31 March 2017

1,582

394

638

2,614

At 31 March 2016

912

526

432

1,870

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

4,486

18,016

VAT

27

-

4,513

18,016

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

1,981

2,572

Corporation tax

1,344

6,498

VAT

-

2,408

Directors' current accounts

4,596

8,546

Accrued expenses

800

8,721

20,824

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

2

Ordinary Shares

£1

2

9.

RESERVES

Retained

earnings

£

At 1 April 2016

76

Profit for the year

6,073

Dividends

(6,000

)

At 31 March 2017

149

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the Board of Directors by virtue of the directors' shareholdings..

11.	FIRST YEAR ADOPTION

There have been no adjustments required to the amounts included in the financial statements as a result of the

transition from UK GAAP to FRS 102 accounting standards. As such, there is no need for Reconciliation of

Equity and Reconciliation of Profit and Loss statements.