Company Registration No. 06298043 (England and Wales)
BHS Plumbers Merchants Limited
Unaudited accounts
for the year ended 30 September 2021
BHS Plumbers Merchants Limited
Unaudited accounts
Contents
BHS Plumbers Merchants Limited
Statement of financial position
as at 30 September 2021
Tangible assets
12,143
13,043
Cash at bank and in hand
75,354
44,360
Creditors: amounts falling due within one year
(94,117)
(106,527)
Net current assets
40,778
48,070
Total assets less current liabilities
52,921
61,113
Creditors: amounts falling due after more than one year
(46,256)
(50,000)
Called up share capital
100
100
Profit and loss account
6,565
11,013
Shareholders' funds
6,665
11,113
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2022 and were signed on its behalf by
Ranjit Singh
Director
Company Registration No. 06298043
BHS Plumbers Merchants Limited
Notes to the Accounts
for the year ended 30 September 2021
BHS Plumbers Merchants Limited is a private company, limited by shares, registered in England and Wales, registration number 06298043. The registered office is 74 Pix Road, Letchworth Garden City , SG6 1PY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20% reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
BHS Plumbers Merchants Limited
Notes to the Accounts
for the year ended 30 September 2021
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2020
46,779
11,301
1,334
59,414
At 30 September 2021
46,779
11,301
1,334
59,414
At 1 October 2020
34,880
10,637
854
46,371
Charge for the year
148
666
86
900
At 30 September 2021
35,028
11,303
940
47,271
At 30 September 2021
11,751
(2)
394
12,143
At 30 September 2020
11,899
664
480
13,043
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
19,777
18,190
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
20,927
12,011
Taxes and social security
9,360
19,538
Other creditors
30,536
12,004
Loans from directors
31,274
61,973
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Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2020: 4).
