Chris Melrose Plumbing &Heating (IW) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05667901 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

Chris Melrose Plumbing &Heating (IW) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr C Melrose

SECRETARY:

Mrs G Melrose

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

05667901 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

FIXED ASSETS

Tangible assets

2

10,090

13,176

CURRENT ASSETS

Stocks

250

250

Debtors

2,807

2,666

Cash at bank and in hand

1,179

2,184

4,236

5,100

CREDITORS

Amounts falling due within one year

13,790

17,582

NET CURRENT LIABILITIES

(9,554

)

(12,482

)

TOTAL ASSETS LESS CURRENT LIABILITIES

536

694

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

534

692

SHAREHOLDERS' FUNDS

536

694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 March 2015 and were signed by:

Mr C Melrose - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

25% on reducing balance and 15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

26,151

DEPRECIATION

At 1 February 2014

12,975

Charge for year

3,086

At 31 January 2015

16,061

NET BOOK VALUE

At 31 January 2015

10,090

At 31 January 2014

13,176

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

2

Ordinary

£1

2

2