Accounts filed on 31-12-2020


Registered number: 07674727






Fabwell Heating & Plumbing Ltd


ACCOUNTS

FOR THE YEAR ENDED 31/12/2020
























Prepared By:
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER


Fabwell Heating & Plumbing Ltd


ACCOUNTS
FOR THE YEAR ENDED 31/12/2020





DIRECTORS
Douglas James Smith
James Charles Smith (appointment terminated 18 March 2018)


REGISTERED OFFICE
Unit 4/5 Gainsford Drive
Halesowen
West Midlands
B62 8BQ


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07674727



ACCOUNTANTS
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER


ACCOUNTS
FOR THEYEARENDED31/12/2020



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Intangible assets	3		800		800
Tangible assets	4		560		596

			1,360		1,396

CURRENT ASSETS
Stock		300		300
Debtors	6	17,602		23,039
Cash at bank and in hand		52,708		51,935
		70,610		75,274
CREDITORS: Amounts falling due within one year	7	74,930		68,308
NET CURRENT (LIABILITIES) / ASSETS			(4,320)		6,966
TOTAL ASSETS LESS CURRENT LIABILITIES			(2,960)		8,362


PROVISIONS FOR LIABILITIES AND CHARGES	8		106		113

NET (LIABILITIES) / ASSETS			(3,066)		8,249

CAPITAL AND RESERVES

Called up share capital	9		100		100
Profit and loss account			(3,166)		8,149
SHAREHOLDERS' FUNDS			(3,066)		8,249

For the year ending 31/12/2020 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 07/09/2021 and signed on their behalf by



.............................
Douglas James Smith
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Going Concern
These accounts have been prepared on the going concern basis on the assumption that the directors will be able to meet the financial needs of the company as they become due.




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 33%




1d. Intangible Assets
Intangible assets are stated at their historical cost and amortised on a straight-line basis over their expected useful lives. An adjustment is made for any impairment.




1e. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1f. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




6. DEBTORS	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	13,641	20,598
UK corporation tax	1,861	-
Other debtors	1,715	-
Prepayments	385	2,441
	17,602	23,039




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	-	1,861
VAT	13,115	6,414
PAYE control	1,538	3,018
Trade creditors	15,243	14,300
Other creditors	43,931	41,410
Pension schemes	346	555
Accruals	757	750
	74,930	68,308




9. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
100 Class 1 shares of £1 each	100	100
	100	100