G & K Plumbing and Heating Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09114231 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 3 JULY 2014 TO 31 AUGUST 2015

FOR

G & K PLUMBING AND HEATING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G J Knell

SECRETARY:

Mrs K A Knell

REGISTERED OFFICE:

Wellington House

Aylesbury Road

Princes Risborough

Buckinghamshire

HP27 0JP

REGISTERED NUMBER:

09114231 (England and Wales)

ACCOUNTANTS:

Partridges Accountancy Services Limited

Chartered Certified Accountants

Wellington House

Aylesbury Road

Princes Risborough

Buckinghamshire

HP27 0JP

FIXED ASSETS

Intangible assets

2

152,000

Tangible assets

3

12,952

164,952

CURRENT ASSETS

Stocks

5,140

Debtors

7,608

Prepayments and accrued income

4,604

Cash at bank

61,226

78,578

CREDITORS

Amounts falling due within one year

200,325

NET CURRENT LIABILITIES

(121,747

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,205

CREDITORS

Amounts falling due after more than one year

(22,236

)

PROVISIONS FOR LIABILITIES

(2,488

)

NET ASSETS

18,481

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

18,381

SHAREHOLDERS' FUNDS

18,481

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2 April 2016 and were signed by:

G J Knell - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

160,000

At 31 August 2015

160,000

AMORTISATION

Amortisation for period

8,000

At 31 August 2015

8,000

NET BOOK VALUE

At 31 August 2015

152,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

14,238

At 31 August 2015

14,238

DEPRECIATION

Charge for period

1,286

At 31 August 2015

1,286

NET BOOK VALUE

At 31 August 2015

12,952

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st August 2015 the company owed £111,263 to Mr G Knell, the company director. The loan does not

attract interest and is repayable on demand.