A&N Plumbing and Heating Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 05273471

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	7		6,102		3,091

			6,102		3,091
CURRENT ASSETS
Stocks	8	27,463		55,000
Debtors	9	26,939		65,148
Cash at bank and in hand		315		51

		54,717		120,199
Creditors: Amounts Falling Due Within One Year	10	(58,535 )		(81,872 )

NET CURRENT ASSETS (LIABILITIES)			(3,818 )		38,327

TOTAL ASSETS LESS CURRENT LIABILITIES			2,284		41,418

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(150 )		(150 )

NET ASSETS			2,134		41,268

CAPITAL AND RESERVES
Called up share capital	12		2		2
Profit and loss account			2,132		41,266

SHAREHOLDERS' FUNDS			2,134		41,268

Page 1

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Shaun Carroll	Mr Ashley Smith
20/12/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	1	88,958	88,959
Loss for the year and total comprehensive income	-	(47,692 )	(47,692)

Arising on shares issued during the period	1	-	1

As at 31 March 2016 and 1 April 2016	2	41,266	41,268


Loss for the year and total comprehensive income	-	(39,134 )	(39,134)

As at 31 March 2017	2	2,132	2,134

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance and straight line
Motor Vehicles	20% reducing balance and straight line

1.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	2	-
Sales, marketing and distribution	5	-

	7	-

Page 4

A&N Plumbing and Heating Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

6. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2016	10,082

As at 31 March 2017	10,082

Amortisation
As at 1 April 2016	10,082

As at 31 March 2017	10,082

Net Book Value
As at 31 March 2017	-

As at 1 April 2016	-

7. Tangible Assets


	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2016	6,094	23,135	29,229
Additions	-	4,800	4,800

As at 31 March 2017	6,094	27,935	34,029

Depreciation
As at 1 April 2016	4,640	21,498	26,138
Provided during the period	442	1,347	1,789

As at 31 March 2017	5,082	22,845	27,927

Net Book Value
As at 31 March 2017	1,012	5,090	6,102

As at 1 April 2016	1,454	1,637	3,091

8. Stocks

	2017	2016
	£	£
Stock - materials and work in progress	27,463	55,000

	27,463	55,000

Page 5

A&N Plumbing and Heating Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

9. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	26,359	64,568
Other debtors	580	580

	26,939	65,148

10. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	22,411	24,779
Bank loans and overdrafts	256	19,738
Other taxes and social security	2,527	878
VAT	4,448	2,391
Other creditors	499	499
Other creditors (1)	14,534	-
Accruals and deferred income	7,900	4,300
Directors' loan accounts	5,960	29,287

	58,535	81,872

11. Deferred Taxation

	2017	2016
	£	£
As at 1 April 2016	150	150
Deferred taxation	-	-


Deferred tax	150	150

The provision for deferred taxation is made up of accelerated capital allowances

12. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

13. Ultimate Controlling Party

The company's ultimate controlling party are the company directors by virtue of his ownership of 100% of the issued share capital in the company.

Page 6

A&N Plumbing and Heating Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

14. General Information

A&N Plumbing and Heating Limited Registered number 05273471 is a limited by shares company incorporated in England & Wales. The Registered Office is 18 Caerleon Road, Newport, NP19 7BW.