London Plumbing & Heating Supplies Limit - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04303826 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2015

for

London Plumbing & Heating Supplies

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R Dha

Mr B Dha

Mr R S Dha

SECRETARY:

Mrs S Kaur Dha

REGISTERED OFFICE:

531 Barking Road

East Ham

London

E6 2LN

REGISTERED NUMBER:

04303826 (England and Wales)

ACCOUNTANTS:

Nielsens

Chartered Accountants

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

BANKERS:

Natwest Bank Plc

50 Ilford Hill

Ilford

Essex

IG1 2AT

FIXED ASSETS

Tangible assets

2

16,296

20,954

CURRENT ASSETS

Stocks

573,270

593,671

Debtors

487,470

598,730

Cash at bank and in hand

1,818,242

1,613,052

2,878,982

2,805,453

CREDITORS

Amounts falling due within one year

2,638,213

2,635,206

NET CURRENT ASSETS

240,769

170,247

TOTAL ASSETS LESS CURRENT LIABILITIES

257,065

191,201

CAPITAL AND RESERVES

Called up share capital

3

150

150

Profit and loss account

256,915

191,051

SHAREHOLDERS' FUNDS

257,065

191,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 24 December 2015 and were signed on its behalf by:

Mr R Dha - 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.

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

104,201

DEPRECIATION

At 1 April 2014

83,247

Charge for year

4,658

At 31 March 2015

87,905

NET BOOK VALUE

At 31 March 2015

16,296

At 31 March 2014

20,954

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

150

Ordinary shares

£1

150

150