B & B Plumbing & Heating Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11093526 (England and Wales)

B & B PLUMBING & HEATING LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 4 DECEMBER 2017 TO 5 APRIL 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M C R Baldry

M A Blakey

REGISTERED OFFICE:

30 Red Lion Street

Boston

Lincolnshire

PE21 6PZ

REGISTERED NUMBER:

11093526 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Boston)

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

3

6,735

CURRENT ASSETS

Stocks

4,000

Debtors

733

Cash at bank

480

5,213

CREDITORS

Amounts falling due within one year

17,557

NET CURRENT LIABILITIES

(12,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,609

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(5,709

)

(5,609

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 5 April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 October 2019 and were signed on its behalf by:

M C R Baldry - Director

M A Blakey - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks 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 period comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 period 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

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

of the lease.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

8,500

At 5 April 2019

8,500

DEPRECIATION

Charge for period

1,765

At 5 April 2019

1,765

NET BOOK VALUE

At 5 April 2019

6,735