Plumbing & Heating Supplies (Milton Keynes) Limited 31/03/2021 iXBRL
Plumbing & Heating Supplies (Milton Keynes) Limited 31/03/2021 iXBRL
Company registration number:
05324031
Contents
Directors and other information
Director's report
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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1 South House | ||
Bond Avenue | ||
Milton Keynes | ||
Buckinghamshire | ||
MK1 1SW | ||
Director's report
Year ended 31 March 2021
The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2021.
Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
16 December 2021
and signed on behalf of the board by:
Director
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Plumbing & Heating Supplies (Milton Keynes) Limited
Year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Plumbing & Heating Supplies (Milton Keynes) Limited for the year ended 31 March 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Plumbing & Heating Supplies (Milton Keynes) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Plumbing & Heating Supplies (Milton Keynes) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Plumbing & Heating Supplies (Milton Keynes) Limited and its director as a body for our work or for this report.
It is your duty to ensure that Plumbing & Heating Supplies (Milton Keynes) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Plumbing & Heating Supplies (Milton Keynes) Limited. You consider that Plumbing & Heating Supplies (Milton Keynes) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Plumbing & Heating Supplies (Milton Keynes) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
1 South House
Bond Avenue
Milton Keynes
Buckinghamshire
MK1 1SW
Date:
Statement of financial position
31 March 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
16 December 2021
, and are signed on behalf of the board by:
Director
Company registration number:
05324031
Notes to the financial statements
Year ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3, Holdom Avenue, Saxon Park Industrial Estate, Bletchley, MK1 1QU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
9
(2020:
10
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5.
Tangible assets
Short leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 April 2020 |
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Additions | - | - |
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At 31 March 2021 |
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Depreciation | ||||||
At 1 April 2020 |
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Charge for the year |
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At 31 March 2021 |
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Carrying amount | ||||||
At 31 March 2021 |
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At 31 March 2020 |
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6.
Debtors
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Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
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Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes | 81,424 | 86,170 | ||
Other creditors |
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8.
Other financial commitments
9.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | |||||
2021 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2020 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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