SP Plumbing & Heating Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07164730 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

SP PLUMBING & HEATING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S L Phelps

SECRETARY:

S L Phelps

REGISTERED OFFICE:

8 Fairfax Road

Cirencester

Gloucestershire

GL7 1NF

REGISTERED NUMBER:

07164730 (England and Wales)

ACCOUNTANTS:

Paul Cansdale & Co

Chartered Certified Accountants

37a Market Place

Cirencester

Gloucestershire

GL7 2NX

FIXED ASSETS

Tangible assets

2

8,268

11,023

CURRENT ASSETS

Stocks

539

3,438

Debtors

9,716

8,694

Cash at bank

776

3,792

11,031

15,924

CREDITORS

Amounts falling due within one year

14,354

20,386

NET CURRENT LIABILITIES

(3,323

)

(4,462

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,945

6,561

CREDITORS

Amounts falling due after more than one year

3,199

6,398

NET ASSETS

1,746

163

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,744

161

SHAREHOLDERS' FUNDS

1,746

163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 20 April 2016 and were signed by:

S L Phelps - 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 January 2015).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

20,092

DEPRECIATION

At 1 April 2015

9,069

Charge for year

2,755

At 31 March 2016

11,824

NET BOOK VALUE

At 31 March 2016

8,268

At 31 March 2015

11,023

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

1

2