Ken Dwyer Plumbing & Heating Limited - Abbreviated accounts

Ken Dwyer Plumbing & Heating Limited - Abbreviated accounts


Registered number
04575500
Ken Dwyer Plumbing & Heating Limited
Abbreviated Accounts
For the Year Ended
31 January 2014
Ken Dwyer Plumbing & Heating Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Ken Dwyer Plumbing & Heating Limited for the year ended 31 January 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Ken Dwyer Plumbing & Heating Limited for the year ended 31 January 2014 which comprise of the balance sheet and the 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of Ken Dwyer Plumbing & Heating 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 accounts of Ken Dwyer Plumbing & Heating Limited and state those matters that we have agreed to state to the Board of Directors of Ken Dwyer Plumbing & Heating Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ken Dwyer Plumbing & Heating Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ken Dwyer Plumbing & Heating Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ken Dwyer Plumbing & Heating Limited. You consider that Ken Dwyer Plumbing & Heating 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 accounts of Ken Dwyer Plumbing & Heating 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 abbreviated accounts.
Jackson & Graham
Chartered Accountants
Lynn Garth
Gillinggate
Kendal
Cumbria
LA9 4JB
2 July 2014
Ken Dwyer Plumbing & Heating Limited
Registered number: 04575500
Abbreviated Balance Sheet
as at 31 January 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 194 461
Current assets
Stocks 55 55
Debtors 1,341 1,466
1,396 1,521
Creditors: amounts falling due within one year (1,545) (1,825)
Net current liabilities (149) (304)
Total assets less current liabilities 45 157
Provisions for liabilities (39) (92)
Net assets 6 65
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 5 64
Shareholder's funds 6 65
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
K Dwyer
Director
Approved by the board on 2 July 2014
Ken Dwyer Plumbing & Heating Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2014
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 10-33.3% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 February 2013 4,111
At 31 January 2014 4,111
Depreciation
At 1 February 2013 3,650
Charge for the year 267
At 31 January 2014 3,917
Net book value
At 31 January 2014 194
At 31 January 2013 461
3 Loans 2014 2013
£ £
Creditors include:
Secured bank loans 299 473
4 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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