Advance Plumbing & Drainage Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08801183 (England and Wales)

Abbreviated Accounts

for the Period

3 December 2013 to 31 December 2014

for

Advance Plumbing & Drainage Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A C Barnes

Mrs D Barnes

REGISTERED OFFICE:

James House

153 Grosvenor Road

Aldershot

Hampshire

GU11 3EF

REGISTERED NUMBER:

08801183 (England and Wales)

ACCOUNTANTS:

Perrin & Co

James House

153 Grosvenor Road

Aldershot

Hampshire

GU11 3EF

FIXED ASSETS

Tangible assets

2

5,536

CURRENT ASSETS

Stocks

1,500

Debtors

7,638

Cash at bank

15,575

24,713

CREDITORS

Amounts falling due within one year

30,081

NET CURRENT LIABILITIES

(5,368

)

TOTAL ASSETS LESS CURRENT LIABILITIES

168

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

167

SHAREHOLDERS' FUNDS

168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 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 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 Board of Directors on 28 July 2015 and were signed on its behalf by:

P A C Barnes - 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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

7,382

At 31 December 2014

7,382

DEPRECIATION

Charge for period

1,846

At 31 December 2014

1,846

NET BOOK VALUE

At 31 December 2014

5,536

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1