Taymor Plumbing Supplies Limited - Abbreviated accounts 16.1

Taymor Plumbing Supplies Limited - Abbreviated accounts 16.1

TAYMOR PLUMBING SUPPLIES LIMITED - Company Information

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REGISTERED NUMBER: 04462163 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

TAYMOR PLUMBING SUPPLIES LIMITED

TAYMOR PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 04462163)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

TAYMOR PLUMBING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: Mr B J Morris
Mr G P Taylor





SECRETARY: Mrs B D Youles





REGISTERED OFFICE: 14-16 Commercial Road
March
Cambridgeshire
PE15 8QP





REGISTERED NUMBER: 04462163 (England and Wales)





ACCOUNTANT: Andrew Youles F.C.A.
Chartered Accountant
20 Kingswood Road
March
Cambridgeshire
PE15 9RT
1
TAYMOR PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 04462163)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 50,862 46,178
Investments 3 2,550 2,550
53,412 48,728

CURRENT ASSETS
Stocks 213,592 213,154
Debtors 257,583 291,036
Cash at bank and in hand 420,352 329,692
891,527 833,882
CREDITORS
Amounts falling due within one year 307,546 326,453
NET CURRENT ASSETS 583,981 507,429
TOTAL ASSETS LESS CURRENT
LIABILITIES
637,393
556,157

PROVISIONS FOR LIABILITIES 7,290 4,809
NET ASSETS 630,103 551,348

CAPITAL AND RESERVES
Called up share capital 4 10,000 10,000
Profit and loss account 620,103 541,348
SHAREHOLDERS' FUNDS 630,103 551,348

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these abbreviated accounts

2 continued...
TAYMOR PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 04462163)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 28 April 2016 and were signed on its behalf by:




Mr B J Morris - Director



Mr G P Taylor - Director


The notes form part of these abbreviated accounts

3
TAYMOR PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 04462163)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 January 2015).

Turnover
Turnover represents the net invoiced value of goods supplied, 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.

Improvements to property - 20% on cost
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office & computer equipment - 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.

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 126,195
Additions 22,679
Disposals (21,759 )
At 31 December 2015 127,115
DEPRECIATION
At 1 January 2015 80,017
Charge for year 12,445
Eliminated on disposal (16,209 )
At 31 December 2015 76,253
NET BOOK VALUE
At 31 December 2015 50,862
At 31 December 2014 46,178

4 continued...
TAYMOR PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 04462163)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2015
and 31 December 2015 2,550
NET BOOK VALUE
At 31 December 2015 2,550
At 31 December 2014 2,550

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
10,000 Ordinary £1 10,000 10,000

5. TRANSACTIONS WITH DIRECTORS

During the year the company paid dividends to the directors amounting to £110,000 (2014 - £90,000).

5