Advanced Plumbing & Heating Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02446988 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Advanced Plumbing & Heating Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Cook

SECRETARY:

Mrs A J Cook

REGISTERED OFFICE:

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

REGISTERED NUMBER:

02446988 (England and Wales)

ACCOUNTANTS:

Copson Grandfield

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

BANKERS:

HSBC Bank plc

45 Milsom Street

Bath

BA1 1DU

FIXED ASSETS

Tangible assets

4

18,613

24,097

Investment property

5

1,760,000

1,760,000

1,778,613

1,784,097

CURRENT ASSETS

Stocks

15,947

36,692

Debtors

6

138,833

39,129

Cash at bank

194,414

270,097

349,194

345,918

CREDITORS

Amounts falling due within one year

7

202,519

288,764

NET CURRENT ASSETS

146,675

57,154

TOTAL ASSETS LESS CURRENT LIABILITIES

1,925,288

1,841,251

PROVISIONS FOR LIABILITIES

8

84,087

85,062

NET ASSETS

1,841,201

1,756,189

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

1,841,101

1,756,089

SHAREHOLDERS' FUNDS

1,841,201

1,756,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2021 and were signed by:

M J Cook - Director

1.	STATUTORY INFORMATION

Advanced Plumbing & Heating 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 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 as modified by the revaluation of certain assets.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 6 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2019

and 31 March 2020

17,078

13,524

131,614

2,157

164,373

DEPRECIATION

At 1 April 2019

14,168

9,848

115,151

1,109

140,276

Charge for year

659

552

4,116

157

5,484

At 31 March 2020

14,827

10,400

119,267

1,266

145,760

NET BOOK VALUE

At 31 March 2020

2,251

3,124

12,347

891

18,613

At 31 March 2019

2,910

3,676

16,463

1,048

24,097

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

1,760,000

NET BOOK VALUE

At 31 March 2020

1,760,000

At 31 March 2019

1,760,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2011

238,785

Valuation in 2012

15,919

Valuation in 2013

15,919

Valuation in 2014

15,919

Valuation in 2015

15,919

Valuation in 2016

30,000

Valuation in 2017

80,000

Valuation in 2018

27,500

Valuation in 2019

357,500

Cost

962,539

1,760,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

39,500

34,796

Other debtors

99,333

4,333

138,833

39,129

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

-

2,165

Trade creditors

33,556

15,705

Taxation and social security

52,509

44,788

Other creditors

116,454

226,106

202,519

288,764

8.	PROVISIONS FOR LIABILITIES

31.3.20

31.3.19

£

£

Deferred tax

Accelerated capital allowances

3,232

4,207

Deferred tax

80,855

80,855

84,087

85,062

Deferred

tax

£

Balance at 1 April 2019

85,062

Accelerated capital allowances

(975

)

Balance at 31 March 2020

84,087

9.

RESERVES

Included in the total reserves is amount of £689,660 (2019: £689,660) that is not distributable