Chris Melrose Plumbing &Heating (IW) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05667901 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2021

for

Chris Melrose Plumbing &Heating (IW) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Melrose

Mrs G Melrose

SECRETARY:

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

BANKERS:

HSBC

101 St.James Street

Newport

Isle of Wight

PO30 1HX

FIXED ASSETS

Tangible assets

4

12,556

14,921

CURRENT ASSETS

Stocks

250

250

Debtors

5

1,207

1,341

Cash at bank and in hand

3,186

646

4,643

2,237

CREDITORS

Amounts falling due within one year

6

13,787

17,072

NET CURRENT LIABILITIES

(9,144

)

(14,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,412

86

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,410

84

SHAREHOLDERS' FUNDS

3,412

86

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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.

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 and authorised for issue on 19 March 2021 and were signed on its behalf by:

Mr C Melrose - Director

1.	STATUTORY INFORMATION

Chris Melrose Plumbing &Heating (IW) 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 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 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 profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2020

30,823

Additions

1,488

At 31 January 2021

32,311

DEPRECIATION

At 1 February 2020

15,902

Charge for year

3,853

At 31 January 2021

19,755

NET BOOK VALUE

At 31 January 2021

12,556

At 31 January 2020

14,921

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade debtors

1,207

625

Other debtors

-

716

1,207

1,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Bank loans and overdrafts

-

1,375

Hire purchase contracts

6,857

10,596

Trade creditors

1,400

3,956

Taxation and social security

2,383

385

Other creditors

3,147

760

13,787

17,072