K L George (Pipework Services) Ltd - Abbreviated accounts 16.1

K L George (Pipework Services) Ltd - Abbreviated accounts 16.1

K L GEORGE (PIPEWORK SERVICES) LIMITED - Company Information

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K L GEORGE
(PIPEWORK SERVICES) LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2015






K L GEORGE
(PIPEWORK SERVICES) LIMITED (REGISTERED NUMBER: 05096520)

Contents of the Abbreviated Accounts
for the Year Ended 31 July 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

K L GEORGE
(PIPEWORK SERVICES) LIMITED

Company Information
for the Year Ended 31 July 2015







DIRECTOR: K L George





SECRETARY: Ms A M Gray





REGISTERED OFFICE: 88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE





REGISTERED NUMBER: 05096520





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE
Page 1
K L GEORGE
(PIPEWORK SERVICES) LIMITED (REGISTERED NUMBER: 05096520)

Abbreviated Balance Sheet
31 July 2015

2015 2014
Notes £    £   
FIXED ASSETS
Intangible assets 2 15,000 16,500
Tangible assets 3 2,454 2,888
Investments 4 169,391 75,000
186,845 94,388

CURRENT ASSETS
Stocks - 15,683
Debtors 15,560 27,409
Cash at bank 190,190 256,750
205,750 299,842
CREDITORS
Amounts falling due within one year (35,549 ) (56,090 )
NET CURRENT ASSETS 170,201 243,752
TOTAL ASSETS LESS CURRENT
LIABILITIES
357,046
338,140

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 357,045 338,139
SHAREHOLDERS' FUNDS 357,046 338,140

The notes form part of these abbreviated accounts

Page 2 continued...
K L GEORGE
(PIPEWORK SERVICES) LIMITED (REGISTERED NUMBER: 05096520)

Abbreviated Balance Sheet - continued
31 July 2015


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 19 April 2016 and were signed by:





K L George - Director


The notes form part of these abbreviated accounts

Page 3
K L GEORGE
(PIPEWORK SERVICES) LIMITED (REGISTERED NUMBER: 05096520)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2015


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 2005, 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.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

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 the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014
and 31 July 2015 30,000
AMORTISATION
At 1 August 2014 13,500
Amortisation for year 1,500
At 31 July 2015 15,000
NET BOOK VALUE

At 31 July 2015 15,000
At 31 July 2014 16,500

Page 4 continued...
K L GEORGE
(PIPEWORK SERVICES) LIMITED (REGISTERED NUMBER: 05096520)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014
and 31 July 2015 20,258
DEPRECIATION
At 1 August 2014 17,370
Charge for year 434
At 31 July 2015 17,804
NET BOOK VALUE
At 31 July 2015 2,454
At 31 July 2014 2,888

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 August 2014 75,000
Additions 120,622
Disposals (26,231 )
At 31 July 2015 169,391
NET BOOK VALUE
At 31 July 2015 169,391
At 31 July 2014 75,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1 Ordinary £1 1 1

Page 5