Allen & Clarke Plumbing & Heating Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11995288 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Allen & Clarke Plumbing & Heating Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Allen

Mrs A P Allen

Ms L Evans

D Clarke

REGISTERED OFFICE:

Warden House

37 Manor Road

Colchester

Essex

CO3 3LX

REGISTERED NUMBER:

11995288 (England and Wales)

ACCOUNTANTS:

Tile & Co

Warden House

37 Manor Road

Colchester

Essex

CO3 3LX

FIXED ASSETS

Tangible assets

4

57,684

21,436

CURRENT ASSETS

Stocks

12,150

3,000

Debtors

5

13,346

1,836

Cash at bank

53,589

61,839

79,085

66,675

CREDITORS

Amounts falling due within one year

6

91,706

84,033

NET CURRENT LIABILITIES

(12,621

)

(17,358

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,063

4,078

CREDITORS

Amounts falling due after more than one year

7

(44,167

)

-

PROVISIONS FOR LIABILITIES

(10,960

)

(4,073

)

NET (LIABILITIES)/ASSETS

(10,064

)

5

CAPITAL AND RESERVES

Called up share capital

104

-

Retained earnings

(10,168

)

5

(10,064

)

5

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 21 December 2021 and were signed on its behalf by:

Mrs A P Allen - Director

1.	STATUTORY INFORMATION

Allen & Clarke Plumbing & Heating 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

15% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-putable ordinary shares which are measured at fair value., with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 7 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2020

25,220

Additions

47,400

Disposals

(6,000

)

At 31 August 2021

66,620

DEPRECIATION

At 1 September 2020

3,784

Charge for year

6,052

Eliminated on disposal

(900

)

At 31 August 2021

8,936

NET BOOK VALUE

At 31 August 2021

57,684

At 31 August 2020

21,436

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

7,966

1,488

Other debtors

5,380

348

13,346

1,836

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

5,833

-

Trade creditors

13,627

22,700

Taxation and social security

11,383

23,636

Other creditors

60,863

37,697

91,706

84,033

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

44,167

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,167

-

8.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the total commitment to future minimum lease payments under non-cancellable operating leases was £413 (2020-nil)

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2021 and the period ended 31 August 2020:

2021

2020

£

£

C Allen

Balance outstanding at start of year

19,283

19,283

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,283

19,283

D Clarke

Balance outstanding at start of year

13,513

13,513

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,513

13,513

Mrs A P Allen

Balance outstanding at start of year

2,810

2,810

Amounts advanced

195

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,005

2,810

Ms L Evans

Balance outstanding at start of year

(133

)

(133

)

Amounts advanced

195

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

62

(133

)

Loans from Directors are unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £84,000 (2020 - £65,990) were paid to the directors .